Podcasts about mike michalowicz's profit first system

Rocky Lalvani, known as the Profit Answer Man, teaches individuals the importance of prioritizing profit and ensuring proper compensation. As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System, changing the accounting formula to prioritize profit over expenses. Rocky, who started with humble beginnings as an immigrant, overcame numerous challenges, including the loss of his mother at a young age. Despite these struggles, he has achieved financial and life success and is passionate about sharing his journey to inspire others to achieve their dreams. Join our conversation with Jason Yarusi as he shares expert insights and strategies to help you increase your profitability and steer clear of any financial setbacks. Jason shares… Maximize your profits with prioritized strategies for real estate investment. Mitigate risks and optimize cash flow to safeguard your investment portfolio. Learn the importance of downside planning to secure long-term success in real estate. Understand the economic dynamics that impact real estate investing to make informed decisions. And so much more!   Find Rocky on: Profit Answer Man Podcast - http://profitanswerman.libsyn.com/ Website - https://richersoul.com/ LinkedIn - https://www.linkedin.com/in/rocky-lalvani/ Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you! Thank you in advance! ----------------------------------------------------------------- Watch, Enjoy & Like! Agostino   ✅ DON'T DELAY! SUBSCRIBE TODAY! ✅ https://www.youtube.com/bulletproofcashflow  

Our guest today is Rocky Lalvani of Profit Comes First. Rocky is a profit specialist. He helps small, owner-led businesses figure out ways to increase profitability. He does this strategically with a perspective that comes from doing this for a long time and for many companies.  Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches owners how to ensure they get paid and make profit a priority.  As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! However, it's not about money at all costs, people come before money!) After listening to today's episode, visit Rocky's website to get two free chapters of "Profit" by Mike Michalowicz.   

  Business owners are meant to be profitable! In this episode of The Purpose of Money Podcast, our guest, Rocky Lalvani, will teach you how to ensure profit comes first in your business.      Rocky is a Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System through an innovative accounting formula.     When you implement the Profit First concepts in your business, you set yourself up for success. This episode is a game-changer.      In this episode, you'll learn:   What is the profit first method How does the system make you more profitable 3 common mistakes new business owners make and tips on how to avoid them Tips for seasoned entrepreneurs who are not using the Profit First system   And so much more!   Grab your own copy of Profit First now!   Are you ready to start your own business? Sign up for the Business Entity Set Up Package, and we'll set up with your business entity, website, phone number, virtual address, and more. Start making legit business moves right away.      Connect with Rocky Lalvani Websites: http://richersoul.com/ https://profitcomesfirst.com/   Social Media: LinkedIn: https://www.linkedin.com/in/rocky-lalvani/   Facebook: https://www.facebook.com/richersoul   Instagram: https://www.instagram.com/richer.soul/     Follow The Purpose of Money on Social Media   Instagram: @thepurposeofmoney  Facebook Twitter: @purpose_money  Website  

Get ready to take your accounting firm to new heights with the 'Building the Premier Accounting Firm' podcast! In this episode, your host Roger Knecht sits down with Rocky Lalvani, entrepreneur and profitability advisor, to discuss all things related to fractional CFO and advisory services. Rocky shares his unique definition of fractional CFO and advisory services, as well as what led him to offer these services in the first place. He dives into his 'Profit First' philosophy, explaining how it complements his CFO and advisory services. By utilizing his accounting formula, 'SALES - PROFIT = EXPENSES', Rocky empowers businesses to prioritize profit and achieve sustainable growth. In addition to discussing the 'Profit First' philosophy, Rocky sheds light on the Parkinson's law and how it applies to business. He also delves into the behaviors and habits that accountants can help their clients change to better understand their businesses. He outlines the steps to implementing the profit first philosophy and how he complements it to achieve even greater success. But the conversation doesn't stop there! Rocky also shares his insights into the future of accounting and what he sees as the key trends and changes on the horizon. If you're looking to take your accounting firm to new heights, you won't want to miss this insightful and engaging conversation with Rocky Lalvani.   Your Host: Roger Knecht, president of Universal Accounting Center Guest Name: Rocky Lalvani, EA Rocky Lalvani serves as Chief Profitability Adviser for business owners with his business, Profit Comes First.. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System.  We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses.  This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!)   Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster.   Sponsors: Universal Accounting Center ●        Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth.   Offers: Learn how to organize your finances to reach financial independence faster. freefinancialself.com/UAC Get a FREE copy of these books all accounting professionals should use to work on their business and become profitable.  These are a must-have addition to every accountant's library to provide quality CFO & Advisory services as a Profit & Growth Expert today: ●        “Red to BLACK in 30 days – A small business accountant's guide to QUICK turnarounds” – the how-to-guide e-book for accounting professionals ●        “in the BLACK, nine principles to make your business profitable” – e-book ●        Profit First - Transform your business from a cash-eating monster to a money making machine using this proven system. Offer CFO and Advisory services with confidence and competence following the Universal Business Builder process.  As a certified Profit & Growth Expert you will help your clients apply the principles of Profit First & Value Builder as you apply the CFO Project processes.    For Additional FREE Resources for accounting professionals check out this collection HERE!   Be sure to join us for GrowCon, the LIVE event for accounting professionals to work ON their business. This is a conference you don't want to miss.   Remember this, Accounting Success IS Universal. Listen to our next episode and be sure to subscribe.   Also, let us know what you think of the podcast and please share any suggestions you may have.  We look forward to your input: Podcast Feedback   For more information on how you can apply these principles to start and build your accounting, bookkeeping & tax business please visit us at www.universalaccountingschool.com or call us at 8012653777 

Here's what you'll learn in this episode:Why it's more important to focus on the bottom line, than the top lineWhy we have the wrong equation for profitabilityHow do most business owners manage their financesWhat Parkinson's law is, and how to use it to our advantageHow to implement Profit FirstWhy "spend money to make money" is the wrong messageRocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!)Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster.Follow Rocky:https://profitcomesfirst.com/https://www.linkedin.com/in/rocky-lalvani/https://twitter.com/rockylalvaniGet the weekly show updates and occasional freebies delivered straight into your inbox. Sign up here. Follow the Constructive Liberty podcast and join in the conversation:Telegram channelTelegram groupMeweFB pageYT channelOdysee channelRumbleConstructive Liberty website Here's a few ways you can support the show:Share the show with a friendLeave us a 5-star review: Apple, Google, Spotify, Stitcher, PodchaserUnderstand yourself and others a little better, learn the why and how behind the things people do, with a

Are you looking to take control of your business finances and make your business more profitable? In this episode, Rocky Lalvani shares his insights on how businesses can remain profitable by utilizing the “drip” method. Learn about creating an income account, allocating funds into different accounts such as operating expenses, taxes, and profits, and using the “drip” method for controlling your finances. Tune in now to learn more about how you can increase profitability for your business! About Our Guest Rocky Lalvani started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40s. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster. If you want to add the business part: Rocky serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! He implements Mike Michalowicz's Profit First System as a certified Profit First Professional. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs; people come before money!) Connect with Rocky Facebook - https://www.facebook.com/ProfitComesFirst/ Instagram - https://www.instagram.com/richer.soul/ Twitter - @rockylalvani Connect with Tiffany Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant  

In today's episode, we have a guest that can help you take your business from non-profitable or somewhat profitable, to Profit First! Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System. They change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. Despite a lot of struggles and his mom passing away when Rocky was 7, he has achieved financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster. Topics include: Implementing Profit First (this book and the author Mike Michalowicz has a large following and I am certified to share the information on Profit First) How to ensure you have a growing and more profitable business. Understanding Business Finances. Managing Cashflow and Profitability. Why your accounting reports don't tell you what you need to know http://richersoul.com https://profitcomesfirst.com/ https://www.linkedin.com/in/rocky-lalvani/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System.  We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses.  This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) What problem do you solve? He helps businesses to have increased cash flow, more profit, and continue to grow in inappropriate way. Show Notes: Mike Michalowicz is the author of Profit First Mike realized we have the wrong equation for profit. We look at the top line given by the accountants. Mike created a cash flow system that works for business owners. It help people figure out what's going on in their business without opening up their accounting books. Sometimes the accountant says you were profitable but you don't see the money. You may be profitable but not have the cash to pay the tax bill. With the Profit First system you take every dollar that comes into the business and you give it a job. You put your money in separate accounts. You go to your tax account to pay your tax bill. When you want use your profits, you go to the account that has your profit in it and you can actually see it. Parkinson's law says that a business will use all the time and money allocated to it. The 80:20 rule says 20% of what you do creates 80% of the results. Also, 40% of what you do creates 96% of the results. So that means 60% of what you are doing is useless. You need to think about what you are doing and what you should not do. If you are grinding you are not being efficient. Islands of Profit in a Sea of Red Ink: Why 40 Percent of Your Business Is Unprofitable and How to Fix It by Jonathan Byrnes — He says 20-30 % of what a company does makes over 100 % of the profit, 30-40% loses money and the rest breaks even. You must take the time to understand your business. You need to slow down and really look at your business. Rocky gives input on his podcast: Profit Answer Man Rocky Lalvani‘s Best Small Business Tip At the end of the day you have to understand your financials. Use resources if you need to. Connect with Rocky: Website: ProfitComesFirst.com Twitter Instagram LinkedIn Learn more about Gary's Mastermind group at goascend.biz/the-mastermind-solution

Our guest today is Rocky Lalvani of Profit Comes First. Rocky is a profit specialist. He helps small, owner-led businesses figure out ways to increase profitability. He does this strategically with a perspective that comes from doing this for a long time and for many companies. Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches owners how to ensure they get paid and make profit a priority. As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! However, it's not about money at all costs, people come before money!) After listening to today's episode, visit Rocky's website to get two free chapters of "Profit" by Mike Michalowicz.

So many businesses go under because they don't have the fundamentals of profit nailed down. Have you got your profit model figured out and under control? Are you sure that your business has the cash flow that you think it does? Welcome to this episode of the Beyond Success Podcast. This series of conversations with business experts and captains of industry, is here to serve you in your growth as an entrepreneur. No matter what level of success you are at, there are always areas of growth open to us. So please join us in the collective uplift by listening, learning, enjoying and sharing this podcast! Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System. Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster. Connect with Rocky here: Website: profitcomesfirst.com The Profit Blueprint: https://sendfox.com/lp/3ee2el To subscribe to my YouTube channel, please go here: https://www.youtube.com/channel/UCMdAvGk6xa5fptmdULliJrg Want to manifest money now? Play the 'Money Game' to harness the power of micro-shifting to attract abundance immediately. Get your Ebook for $1. Buy NOW. Do you want inevitable & sustainable financial abundance, based on your own unique 'Money DNA'? Watch our brand new webinar Interested in working with Dan 1-2-1? In collaboration with other highly successful experts, he will help you reach financial freedom in 6 months or less: Apply Here *PLEASE RATE US AND SHARE* Join me on: Facebook Instagram Twitter Music Credit: "Freeling", Lauren Duski Timestamps of interest: 02:12 - Meet Rocky 09:58 - Working to pay everyone else 17:00 - A lot of business owners forget this… 20:00 - How does Rocky work with business owners to improve profitability? 24:13 - A simple action step #entrepreneur #business #motivation #success #entrepreneurship #love #inspiration #mindset #goals #smallbusiness #lifestyle #entrepreneurlife #motivationalquotes #marketing #money #life #quotes #bhfyp #businessowner #instagood #believe #instagram #startup #positivevibes #motivational #inspire #selflove #happiness #hustle #bhfyp

So many businesses go under because they don't have the fundamentals of profit nailed down. Have you got your profit model figured out and under control? Are you sure that your business has the cash flow that you think it does? Welcome to this episode of the Beyond Success Podcast. This series of conversations with business experts and captains of industry, is here to serve you in your growth as an entrepreneur. No matter what level of success you are at, there are always areas of growth open to us. So please join us in the collective uplift by listening, learning, enjoying and sharing this podcast! Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System. Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster. Connect with Rocky here: Website: profitcomesfirst.com The Profit Blueprint: https://sendfox.com/lp/3ee2el Discover the wealth blocker holding you back and reset your relationship to money - https://dreamwithdan.com/money-mindset-quiz/ To subscribe to my YouTube channel, please go here: https://www.youtube.com/channel/UCMdAvGk6xa5fptmdULliJrg Want to manifest money now? Play the 'Money Game' to harness the power of micro-shifting to attract abundance immediately. Get your Ebook for $1. Buy NOW. Do you want inevitable & sustainable financial abundance, based on your own unique 'Money DNA'? Watch our brand new webinar Interested in working with Dan 1-2-1? In collaboration with other highly successful experts, he will help you reach financial freedom in 6 months or less: Apply Here *PLEASE RATE US AND SHARE* Join me on: Facebook Instagram Twitter Music Credit: "Freeling", Lauren Duski Timestamps of interest: 02:12 - Meet Rocky 09:58 - Working to pay everyone else 17:00 - A lot of business owners forget this… 20:00 - How does Rocky work with business owners to improve profitability? 24:13 - A simple action step #entrepreneur #business #motivation #success #entrepreneurship #love #inspiration #mindset #goals #smallbusiness #lifestyle #entrepreneurlife #motivationalquotes #marketing #money #life #quotes #bhfyp #businessowner #instagood #believe #instagram #startup #positivevibes #motivational #inspire #selflove #happiness #hustle #bhfyp

Want to earn more and work less? You up for the challenge? Sign up for the 20x Profit Challenge hosted by Neil Timmins at www.20xProfitChallenge.com To access a FREE collection of resources, go to www.RealGritVault.com   Join Rocky Lalvani in this episode, who will talk about the ropes in securing revenue, creating viable systems, and why you should consider a profit advisor's services for your real estate business. Don't miss out on this profit system formula to ensure your investment's profitability by tuning in!   Key Takeaways From This Episode The value of “profit first” method for real estate entrepreneurs Biggest mistakes investors make and how to deal with them Smart tax strategies and tips for your investment properties What does a profit advisor do for real estate investors? The significance of being resourceful in the real estate business   References/Links Mentioned Profit First by Mike Michalowicz | Kindle and Hardcover   About Rocky Lalvani Rocky Lalvani serves as a Chief Profitability Adviser for business owners and is the founder of Profit Comes First. He teaches his clients how to ensure they get paid, and they make profit a priority! As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System. He is also the host of the Profit Answer Man podcast. He started with nothing when his parents immigrated to the United States at age two, and his parents were in their 40s. It was his parents' second time starting over in life as they moved here to experience the American dream. Despite lots of struggles and his mom passing away when Rocky was 7, he has achieved financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster.   Connect with Rocky  Website: Profit Comes First Podcast: Profit Answer Man | Richer Soul   Neil J. Timmins is on a mission to make a deep personal impact in the lives of his team members and business partners through his work as a real estate investor and mentor. He started as a traditional real estate agent where his team was recognized by the Wall Street Journal as a Top 100 team. Eventually, he made the transition from Realtor to full time investor.  Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. Neil's portfolio depth includes assets ranging from houses to industrial properties. Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil's team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner's business to new heights. Want to partner? You can learn more and book a call with Neil at www.LegacyImpactPartners.com.   Connect with Neil Website: Real Grit LinkedIn: Neil J. Timmins Facebook: Neil Timmins

In this special episode, host Brian Thompson shares how to build a proper foundation for your business to ensure it can support long-standing success. He outlines eight essential tasks to check off when starting a company that can help minimize risk and give you a solid foundation. Episode Highlights Starting a business can be daunting and setting up a solid foundation to grow from is critical for future success. Here are eight first steps to start your business on solid ground. Step 1: Pick your company name. As new parents know, picking a name isn't as easy as it may sound. A business name can ultimately help -- or hinder -- your success.  A good business name not only communicates who you are and what you do but also drives branding and marketing efforts. When thinking of business names, it helps to clarify your vision and purpose, know your ideal clients, and how you'll add value. Creating a one-page business plan can also help you think clearly. “Remember that a name doesn't have to be perfect. You can change it as you need to.” Step 2: Pick a business structure. Your business structure is the legal framework of the company you're building. Common small business organizational structures include limited liability companies (LLC), partnerships, and S corporations. The type of business structure you choose will impact numerous aspects of your business, from the paperwork you need to file to how you pay taxes. “While taxes shouldn't be the only concern when picking a business structure, you'll want to consult with a tax professional to make sure you're making the best choice for your situation.” Step 3: Register your business. Once you have a business name and structure, it's time to register your business. In most states, you can register with the Secretary of State's office. However, if you want to protect your name on a national level, consider registering with the United States Patent and Trademark Office. Also, don't forget to make sure your company can be found on the web! Before registering, check website domain registrars like GoDaddy and Google Domains to ensure your domain is still available. Step 4: Apply for your Employer Identification Number. Similar to a Social Security number, your Employer Identification Number (EIN) is a federal tax number used to identify your business. You can use it to get a business license, open bank accounts, obtain credit lines, and pay taxes. Technically, you don't need an EIN unless you have employees or plan to form a partnership, LLC, or corporation. But even if you don't need an EIN, it doesn't hurt to have one. It can keep your personal Social Security number private. “You can apply online in just a couple of minutes and reduce the chance of identity theft.” Step 5: Get a business license and permits. All sorts of complex rules exist with different licensures. Depending on what type of industry you're in, a federal, state, or local agency may regulate your business. You'll likely need a state, county, or city license, and you may need permits or state registrations to do business across state lines. “Make sure to research your state, county, and city regarding regulations for your particular type of business.” Step 6: Open bank accounts and set up a cash flow system. With the regulatory hurdles out of the way, it's time to look at the operational side of your business. It's essential to get a business account and set up your cash flow system. Opening separate bank accounts will keep your business and personal assets separate, which is critical for tax and legal purposes. It also establishes your company as a separate entity should you need a loan and allow you to set up merchant accounts for faster payment. Having an account is one thing, but successfully managing your cash flow is another. Mike Michalowicz's Profit First System is a great way to ensure that your business is profitable, that you're ready for your quarterly tax bill, and that you're paying yourself a reasonable wage. Step 7: Get an accounting system. While you're addressing operations, it's a great time to set up an accounting system like QuickBooks or Wave. These systems allow you to start tracking your business income and expenses right away. They also help you take advantage of tax deductions. “As a tax attorney, I represented clients who didn't keep good records before the IRS and it was brutal. It's much easier to start the habit early.” Step 8: Find the proper insurance. Now that you have a business, you're going to want to protect it. One way to do that is by getting the appropriate type of insurance. Common types of business insurance include general liability insurance, professional liability insurance, and home-based business insurance. “While your business structure will protect you from personal lawsuits, you'll want to make sure your business is protected as well.” Resources + Links Articles “The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses.” Eric Ries. “One-Page Business Plan Templates.” Susan Ward, The Balance Small Business. Websites Fizzle U.S. Small Business Administration United States Patent and Trademark Office “Apply for an Employer Identification Number (EIN) Online.” IRS Tools The Profit First system by Mike Michalowicz Relay Quickbooks Wave More From Brian “Purpose And Profit: 4 Keys To Creating A Profitable Mission-Driven Business.” Forbes. “Can I Deduct That As A Business Expense?” Forbes. “Should I make an S-Corp Election?” BT Financial. Episode 7: Being Profit First with Mike Michalowcz Brian's Social Media: Twitter, Instagram, Facebook About Brian and the Mission Driven Business Podcast  Brian Thompson, JD/CFP, is a tax attorney and certified financial planner who specializes in providing comprehensive financial planning to LGBTQ+ entrepreneurs who run mission-driven businesses. The Mission Driven Business podcast was born out of his passion for helping social entrepreneurs create businesses with purpose and profit. On the podcast, Brian talks with diverse entrepreneurs and the people who support them. Listeners hear stories of experiences, strength, and hope and get practical advice to help them build businesses that might just change the world, too.

Would you like to know a simple system for ensuring your business always has enough cash on hand? In this episode you will learn: 1. How Rocky Lalvani's profit-first philosophy can help business owners become more profitable. 2. The importance of having systems and processes in place to manage growth effectively. 3. How allocating money to a profit account can help ease anxiety around tax time. Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40s. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster.

Would you like to know a simple system for ensuring your business always has enough cash on hand? In this episode you will learn: 1. How Rocky Lalvani's profit-first philosophy can help business owners become more profitable. 2. The importance of having systems and processes in place to manage growth effectively. 3. How allocating money to a profit account can help ease anxiety around tax time. Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40s. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster.

We often hear data on how much bad hire costs you and your company. About 3x the person's annual salary. But how much did the interview process itself cost? For a startup to make a hire, the company spends about 73 total hours interviewing. With the most significant cost being 30 hours of the production team's combined time. And this is assuming that 6 people make it through a full interview to get to the hire. We have to ask ourselves, can we really afford to lose almost 4 days of productive activity to interview? Roughly $9,855 per role, not including candidate marketing or recruiting fees.  As a small business, the answer is NO! Guest Bio: Rocky Lalvani of Profit Comes First, serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System.   Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream.  In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster. Today we discuss: Why it is critical to understand what interviewing costs  How to maximize your team's time with structure Challenges today? Employees are the major cost for the business  Employee should provide a return for the business Return of Cost of person (taxes, unemployment)  Inefficiency does not show up anywhere on the p&l Wealth is built on the balance sheet! Why is this important to the company? Costs to the company hiring  Reduces morale Loose customer  Nobody is tracking interview or training costs  Hard costs that are very difficult to figure out As a client- doesn't want to do business with a company that hires wrong (leadership issue) Rick's Nuggets Team time waste! People who meet the team must be positioned properly Demonstrate strong leadership in protecting time How do we solve the problem?  Mission values purpose This is the step most business owners skip! Or in their head, but no one else knows Hire to it Have to live it Hire in alignment with mission, values, purpose Not who you like Having a interview process Understanding the real cost Bad Hire- Employee does not provide any value Mistakes  Morale for everyone else Lose clients/ client trust Example Costco vs. Sam's Gross profit / Total payroll including taxes For every $1 in payroll returns x$ in gross profit Measure & Know Need to be making at least 2X payroll It all comes back to leadership! We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses.  This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) Rick's Nuggets Values - most important Protect time costs Structure interview Each step is a decision Only progress value aligned, well positioned & accomplished people Decisions must have evidence to back Eliminate uncertaintyAssign interview questions Prepare all for success  Key Takeaways that the Audience can plug into their business today! (Value): Is mission vision purpose written down & do your employees know it? Cost of a bad hire for you? How much profit do your employees bring you? Guest Links LinkedIn: https://www.linkedin.com/in/rocky-lalvani/ Company: https://profitcomesfirst.com/ LinkedIn: https://www.linkedin.com/company/profit-comes-first/ Twitter: https://twitter.com/rockylalvani Facebook: https://www.facebook.com/richersoul/ Instagram: https://www.instagram.com/richer.soul/?hl=en Blog: http://richersoul.com/ Podcast: https://podcasts.apple.com/us/podcast/profit-answer-man-implementing-the-profit-first-system/id1508245322 Host Links: LinkedIn: https://www.linkedin.com/in/rick-girard-07722/ Company: https://www.stridesearch.com/ Authored:  "Healing Career Wounds"  https://amzn.to/3tGbtre HireOS inquiry: rick@stridesearch.com Podcast: https://www.hirepowerradio.com YouTube: https://www.youtube.com/channel/UCeEJm9RoCfu8y7AJpaxkxqQ/featured Facebook: https://www.facebook.com/rick.girard.5 Twitter: https://twitter.com/rick_girard?lang=en Instagram: https://www.instagram.com/rickgirard1/?hl=en Show Sponsor: www.stridesearch.com

In this episode of Return on Podcast, Tyler and Rocky Lalvani explore the Profit First model for e-commerce sellers, raising financially educated kids, and why you should live and die by your Google calendar. Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (P.S. It's not about money at all costs, people come before money!) Rocky's website: http://profitcomesfirst.com/ Rocky's podcast: Profit Answer Man Also mentioned in this episode: Profit First - Mike Michalowicz Seller Accountant - https://www.selleraccountant.com Welcome to Return on Podcast, the show where we help e-commerce sellers improve their ROI in business and in life. Hosted by Tyler Jefcoat and in affiliation with Seller Accountant, Return on Podcast aims to leave listeners with new insights and actionable life and business hacks at the end of each episode.

Rocky Lalvani serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!)Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster.Profit Comes FirstRicher SoulBuild a business that feels good to you by forging genuine, meaningful relationships through podcasting. Learn more here.Find out more about the Path to Podcast Success here.

Rocky Lalvani joins Nancy to talk about his journey to finding a career he loves, podcasting and profitability. As part of his mission to open conversations about money, Rocky started a podcast and created an online course, which he explains in this episode. Rocky describes himself as an implementor, taking Mike Michalowicz's idea of a cash flow system for entrepreneurs and helping entrepreneurs learn how to use this system. Rocky also shares some resources for startups, small businesses and entrepreneurs. 3:35 – Rocky explains his self-development journey and figuring out what he really wanted to do – open up conversations about money. 8:13 – Nancy and Rocky talk about the importance of a podcast name. 11:38 – Rocky shares how his podcast has helped with his sales funnel. 15:48 – Rocky describes the Profit First cash flow system for entrepreneurs. 24:09 – Rocky talks about the balance of visionaries and implementors. 30:06 – Rocky shares some surprising information he learned about his clients on LinkedIn. 34:30 – Rocky describes why he created an online course. 38:50 – Rocky offers a book that has been helpful to him.   Quote “If I tell you I will teach you to be a millionaire in 10 years, nobody will buy that. If I tell you I will teach you to be a millionaire this weekend, everyone will throw money at you and they'll go broke. I can't do that. It's not what I believe. It's not with integrity. And through that journey, I came across this thing and I'm like, ‘What do you mean business owners don't look at their financials? How do you go into business and not understand the business of business?' – Rocky Lalvani, chief profitability officer at Profit Comes First.   Links: Profit First by Mike Michalowicz: https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4 Profit Answer Man Podcast: https://profitanswerman.libsyn.com/ Retirement Answer Man Podcast: https://www.rogerwhitney.com/blog Podcast Answer Man: https://www.cliffravenscraft.com/podcasts/podcast-answer-man Rocket Fuel by Gino Wickman and Mark C. Winters: https://www.amazon.com/Rocket-Fuel-Essential-Combination-Business/dp/1942952317 Traction by Gino Wickman: https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837 The E-Myth Revisited by Michael E. Gerber: https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280 The Road Less Stupid by Keith J. Cunningham: https://www.amazon.com/Road-Less-Stupid-Keith-Cunningham/dp/0984659269   Activate the PR Maven® Flash Briefing on your Alexa Device.  Join the PR Maven® Facebook group.    About the guest:     Rocky Lalvani was shocked to learn most business owners don't look at their financial reports! Can you believe that? It has to do with our mindsets around money and also fear and shame. When he realized how much of a problem this was, he knew this was his purpose to help business owners be profitable. Rocky serves as chief profitability adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System, where they change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses.  This ensures Profit comes first! (P.S. It's not about money at all costs, people come before money!) Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40s. It was his parents' second time starting over in life as they moved here to experience the American dream. Despite a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster. Looking to connect:           Email: rocky@profitcomesfirst.com LinkedIn: https://www.linkedin.com/in/rocky-lalvani/ Twitter: https://twitter.com/rockylalvani Website: profitcomesfirst.com

Start paying yourself first and making sure that YOU make money now.ABOUT ROCKYRocky serves as Chief Profitability officer for business owners. He teaches them how to ensure they get paid and they make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in there 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dream even faster.WEBSITE - Put Profit FirstPODCASTS - Profit Answer Man Podcast - Richer Soul PodcastCONNECT WITH ROCKYhttps://www.linkedin.com/in/rocky-lalvani/https://twitter.com/rockylalvanihttps://www.facebook.com/rocky.lalvani.9https://www.facebook.com/richersoulhttps://www.facebook.com/ProfitComesFirst/START YOUR 3-DAY WEEKEND JOURNEYEmployees, Side-Hustlers, Freelancers, Solopreneurs, Business Owners, Executives, and Everyone in between can start creating a 3-Day Weekend or similar Lifestyle.3-Day Weekend Club can help you get started for free.It's a community of people working to create their 3-Day Weekend or similar lifestyle.You can create your 3-Day Weekend Game PlanThen decide if you'll follow the Employee track or the Entrepreneur track.Join Now or check out the other resources below.3-DAY WEEKEND CLUB LINKSEmail Updates, Free Online Courses, Subscribe to the Podcast, Social Media & MoreGo to the Links Page

Marcia talks with Fractional CFO & Profit First expert Rocky Lalvani about how to maximize profits. He implements Mike Michalowicz's Profit First System which helps business owners reduce spending & pull the profit out of their business. Rocky explains the method & shows us the benefits of taking the profit off the top. Rocky can be found at www.ProfitComesFirst.com where he has some useful information and he also has a podcast called Profit Answer Man, check it out! ************ Pick up Marcia's 5 Ways To Turn Your Business Into One Worth Selling @ www.TrajectoryBiz.com Please subscribe & ring the bell for reminders about next week's show. ************ About Marcia: She is a business growth strategist helping service-based professionals to strengthen their business so that it is worth selling someday. She works closely with her clients to turn their business into an attractive & profitable business asset they can enjoy until they decide to stop. She helps them get a return on their investment. Curious? Book a complimentary call. (949) 229-2112

We interview Rocky Lalvani, Rocky was shocked to learn most business owners don't look at their financial reports! Can you believe that? It has to do with our mindsets around money and also fear and shame. When he realized how much of a problem this was he knew this was his purpose to help business owners be profitable. Rocky serves as Chief Profitability officer for business owners. He teaches them how to ensure they get paid and they make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) The link Rocky refers to is this: http://profitcomesfirst.com/ If you want to know more about Savvy Duty, The Savvy Method or The Savvy Podcast visit: https://savvyduty.com

Profit First system for small business success and profitability with entrepreneur Rocky Lalvani. Rocky Lalvani serves as a Chief Profitability Adviser for business owners and is the founder of Profit Comes First. He teaches his clients how to ensure they get paid, and they make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System. Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business podcast show – dedicated to helping you start, run and grow your small business. (TheHowOfBusiness.com)

https://youtu.be/CS8czTbwldU Profit First With Rocky Lalvani https://profitcomesfirst.com/ podcast - Profit Answer Man Rocky serves as Chief Profitability Advisor for business owners. He teaches them how to ensure they get paid and they make profit a priority! As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster. Start working with me on your business- https://entrepreneurs.coach Start working with me on your life - https://thrivelifementor.com All The Lyon Show Links - https://linktr.ee/lyonshow Buy Some Of My Art- https://thewoodcarvers.com Check Out my podcast- https://lyonshow.com Don't Click This - https://www.youtube.com/c/thelyonshow?sub_confirmation=1

Rocky Lalvani coaches businesses to leverage Mike Michalowicz's Profit First System. We discuss the Profit First strategy, dissect what a healthy business looks like and contrast good and bad money behaviors.     Timestamps [01:22] Rocky's entrepreneurial journey [04:40] Differentiating good and bad money behavior [07:28] Rocky's passion for coaching business owners on money management [09:24] Analyzing the Profit First management blueprint [12:45] How small businesses can adopt the Profit First strategy [14:50] How to strategically grow your business [17:54] The downside to impulse buying [19:11] How to set up your business to be a Profit First business [23:35] The pros and cons of business credit [26:30] The link between discipline and the Profit First System [27:30] What is a Healthy Business? [28:40] How Rocky implements the Profit First model  [31:14] Explaining the advanced Profit First technique [32:22] Why business owners need to pay more attention to the finance aspect of the business [37:04] Rocky's role in growing a business   Links and References Rocky's LinkedIn Rocky's Website Rocky's Podcast Mike Michalowicz's book Profit First Steve's new book: Buyable Steve's blog Complete the Buyability Assessment https://StevePreda.com

Your host, Greg Lewis, talks to Rocky Lalvani, Chief Profitability Officer for business owners like you. Rocky teaches business owners how to ensure they get paid and they make profit a priority! As a Certified Profit First Professional he implements Mike Michalowicz's Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) In this episode of Family Business Today Rocky Lalvani will share: How developing a counterintuitive cash management system has helped thousands of small businesses break out of the doom spiral and achieve profitability. How small business owners can overcome the Survival Trap due to the Coronavirus Pandemic by thinking profit first. Learn about the Four Core Principles of Profit First. First Steps to putting Profit First into motion. And much more…. To learn more about Profit First visit Rocky Lalvani's website at www.profitcomesfirst.com. You can also listen to Rocky's podcast Profit Answer Man at www.profitanswerman.libsyn.com. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business in the next 3-5 years contact us today for a FREE Business Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There's No Business Like Family Business…..We Know!