Profit First Basics
Manage episode 399463095 series 3459344
Dive into the roots of profitability with the Green Profit Academy Pros Podcast! In this enlightening episode, we're revisiting the foundational principles of 'Profit First', a revolutionary business approach envisioned by Mike Michalowicz. As loyal listeners, you're likely already familiar with both Michalowicz's original book and its industry-specific adaptation, 'Profit First for Lawn Care and Landscape Businesses'. We often discuss these concepts in our businesses and with our clients, implementing advanced strategies that have transformed businesses for the better.
Today, we're taking a step back to re-explore the basics of Profit First. We'll delve into its simple yet potent concepts that have the power to fundamentally change how you manage your business's cash flow. The Profit First formula, which advocates for Sales - Profit = Expenses, challenges the traditional notion of Sales – Expenses = Profit, where profit is often relegated to an afterthought.
Join us as we guide you on how to kickstart your journey with Profit First. This episode promises to be an invaluable resource for those looking to prioritize profit and establish a sustainable financial framework for their businesses. Tune in now and start transforming your business, one episode at a time!
Free Instant Assessment and Profitability Tools: https://profitfirstforlawncareandlandscape.com/instant-assessment/
Information on the book and the Profit First system: https://profitfirstforlawncareandlandscape.com/
Setting up your Profit First Bank Accounts: Relay is partnered with Profit First. Its online banking and money management platform puts you in complete control of your cash flow by automating your Profit First Allocation and doing them for you. The Profit First system couldn't get any easier!
Using the referral link will enable faster settlement timelines for ACH & Check payments, and it will expedite the registration process. Our account manager will also be notified if they sign up using our link, so they can keep an eye on the application and get the account approved quickly.
https://growgpa.com/RelayBnk
The Business Accelerator Kickstarter 7-week workshop is designed to help entrepreneurs define and achieve their goals. The workshop covers various topics, including mission, vision, purpose, immutable laws, benchmarks, goal setting, and a business strategy plan. Through this program, entrepreneurs will learn how to set achievable goals, develop a roadmap, and create a plan for success. Mastering these critical aspects of business can accelerate growth, meet objectives, and achieve long-term sustainability. Overall, this workshop is a comprehensive solution for entrepreneurs looking to take their business to the next level.
Sign up now at growgpa.com/GBAKW
Use promo code GBAKW100 to receive 100$ off the workshop today!
The Green Profit Academy Pros Podcast digs into the challenges in growing a Lawn Care and Landscape business while maximizing your profit. Christeen Era, and Steve Bousquet. are green industry experts in profit, growth, and leadership.
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