My first Profit First Implementation group has met 3 out of 4 times. It has been so gratifying to talk both philosophy of this system I am enjoying and benefitting from, as well as share the very specific details of how one goes about implementing Profit First in their business.
One of the group members gave me permission to share her feedback:
“It’s interesting because my natural inclination is to avoid any such meetings and reviews. It is why I have hired bookkeepers, CPA’s and Production/Project Managers to deal with the details. My philosophy has been, “I make the money, someone else can manage it” which I think can be done, but not by my level of avoidance. PF is motivating in that I know by looking at the numbers and following the model, it’s about making a profit rather than managing expenses and losses. I hope that makes sense, but it’s given me an incentive and pathway to making peace with finances. :)”
There is hope when it comes to getting clarity and peace of mind when it comes to entrepreneurial finances. We learn how to pay ourselves appropriately and as a consistent priority. We learn how to have the money already there for income taxes when it’s needed. We learn more about our values and making the most out of the money we do have coming into the business.
Let me know if you are interested in participating in a future implementation group! There is dial-in access so it’s available to you wherever you are.