Podcasts about profit comes first

Rocky Lalvani is the Founder and CFO of Profit Comes First, which advises coachable, forward-thinking business owners to boost their companies' profits. As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System to help clients maximize their profit potential. Rocky is also the host of the Richer Soul podcast and the Profit Answer Man podcast. In this episode: Many business owners are great at delivering their product or service, but when it comes to managing profitability and cash flow, they're often flying blind. They may experience growth, but money still feels tight, and financial clarity remains elusive. How can leaders build systems that ensure sustainable growth and healthy profits? Profitability and cash flow expert Rocky Lalvani explains that overlooked financial systems can cause hidden inefficiencies and missed opportunities. Using a structured approach — like the Profit First system — can help owners allocate funds, manage expenses, and prioritize profitability from the start. Additionally, entrepreneurs can analyze their financial health in areas including revenue generation, profitability, and cash flow. By aligning employee metrics with profitability, optimizing pricing, and building scalable processes, business owners can enhance these areas. In this episode of Systems Simplified, Adi Klevit sits down with Rocky Lalvani, the Founder and CFO of Profit Comes First, to discuss building systems that boost profitability. Rocky shares the difference between scaling and growing, why many businesses grow themselves into cash crises, and how to embed a profit-minded culture throughout an organization.

I'm Josh Kopel, a Michelin-awarded restaurateur and the creator of the Restaurant Scaling System. I've spent decades in the industry, building, scaling, and coaching restaurants to become more profitable and sustainable. On this show, I cut through the noise to give you real, actionable strategies that help independent restaurant owners run smarter, more successful businesses.In this episode, I'm breaking down one of the most important—and often overlooked—truths in the restaurant industry: profit has to come before hospitality. Without a sustainable business model, there's no way to deliver great guest experiences in the long run. I'll walk you through how to rethink your menu as a business model, why focusing on high-margin items is non-negotiable, and how to optimize profit per guest. Plus, I'm sharing practical, no-BS steps you can take right now to boost your profitability and set your restaurant up for long-term success.Takeaways80% of restaurants barely break even.Profit comes first, not guest experience.Hospitality is a luxury you can only afford when your fundamentals are rock solid.Your menu is a business model, not a list of dishes.Profit per guest is greater than revenue per shift.Audit your top 10 best-selling menu items.Set a profit per guest goal.Stop waiting for our accountants.You can't serve great hospitality if you can't afford to stay in business.This will change your business and it will change your life.Chapters00:00 Introduction to Profitability in Restaurants02:09 The Importance of Profit Over Hospitality04:06 Menu as a Business Model05:59 Maximizing Profit Per Guest07:53 Action Steps for Restaurant OwnersIf you've got a marketing or profitability related question for me, email me directly at josh@joshkopel.com and include Office Hours in the subject line. If you'd like to scale the profitability of your restaurant in only 5 days, sign up for our FREE 5 Day Restaurant Profitability Challenge by visiting https://joshkopel.com.

How do you mesure success in your business? It all strts with profit. In this episode, we explore why mking money is the foundation of any business and how to set clear, realistic goals to reatch your financial targets. Learn jow to break big goals into daily actions, build momentum, and create consistent wins that drive long-term success.

How do you mesure success in your business? It all strts with profit. In this episode, we explore why mking money is the foundation of any business and how to set clear, realistic goals to reatch your financial targets. Learn jow to break big goals into daily actions, build momentum, and create consistent wins that drive long-term success.

Watch & Subscribe on YouTubeAre you struggling to make your business profitable despite increasing sales? You might be falling into a common trap that many entrepreneurs face.Rocky Lalvini, a Profit First Professional and host of the Profit Answer Man podcast, joins us to shed light on the often-overlooked aspects of business finance. With his expertise in helping business owners understand and improve their financial health, Rocky brings valuable insights to the table.In this episode, we dive deep into the misconceptions surrounding business growth and profitability. Rocky explains why focusing solely on top-line revenue can be detrimental and shares the importance of understanding your financial statements, particularly the balance sheet. He emphasizes that "top line is vanity, bottom line is sanity, and cash flow is reality."We also explore the power of automating savings, both in personal finance and business, and discuss the critical role of financial literacy for entrepreneurs. Rocky shares his journey from personal finance education to helping business owners navigate their financial challenges.If you're an entrepreneur looking to build a truly profitable business or simply want to improve your financial acumen, this episode is a must-listen. Tune in to gain invaluable insights that could transform your approach to business finance and wealth creation.Upcoming WorkshopMake 2025 the year of you! A goal without a plan is just a wish. Get these resources from Krisstina's planning workshop to stop wishing and start planning in 2025.wisemoneyplanningworkshop.com Key Takeaways5:23 Immigrant mindset and money conversations11:42 Personal finance education challenges17:50 Business revenue vs. profitability misconceptions24:22 Importance of financial literacy for entrepreneurs37:58 Tax planning and profit management46:24 Dangers of focusing solely on revenue52:30 Viewing business as a math equation55:24 Closing remarks and contact informationMemorable Quotes"Top line is vanity, bottom line is sanity, and cash flow is reality.""One of the number one reasons for failure in bankruptcy is growing too fast. They get ahead of their cash flow, and so they just think, I'll just sell more. Selling more might actually drive you to failure faster than anything.""I look at every business as a math equation. And the beginning of the math equation is lead flow.""Wealth is built on the balance sheet.""Most people don't realize that the P&L is like one little line item on the balance sheet. And that the correct way to look at a balance sheet is to look at how it changes month to month."Resources MentionedProfit First (book) by Michael Michalowitz - https://amzn.to/40rwqJ3The Road Less Stupid (book) by Keith Cunningham - https://amzn.to/42aY3HWProfit Answer Man (podcast) - https://profitanswerman.libsyn.com/Profit Comes First (website) - https://profitcomesfirst.com/Connect with KrisstinaWebsite -

In this episode of the Inspired Money Live Stream Podcast, we discuss how emotional spending affects your financial health and the strategies you can use to break free from it. Our panel of experts includes Dr. Preston D. Cherry, Chi Chi Wu, Ted Rossman, and Rocky Lalvani, who share actionable tips to help you master your credit and regain control of your finances. Understanding Emotional Spending and Credit Emotional spending often leads to poor credit habits and increased financial stress. The key to recovery is understanding the connection between your emotions, spending habits, and credit score. This episode breaks down the impact of emotional spending and offers practical solutions to help you rebuild your financial confidence. Episode Insights What is a Credit Score? Our experts discuss how credit scores are calculated and the impact they have on financial opportunities. How Emotional Spending Affects Credit: Learn how emotional decisions can lead to overspending, missed payments, and lower credit scores. Actionable Strategies: Discover tools to monitor credit, manage debt, and develop healthier financial habits. Building Credit for Long-Term Success Mastering your credit starts with understanding its components. Chi Chi Wu explains how credit reporting agencies work and the importance of regularly reviewing your credit report. Errors in credit reports are more common than you might think, and addressing them quickly can save you money and stress. Key Takeaways: Check your credit report at least once a year. Dispute inaccuracies promptly. Focus on maintaining low credit utilization and making on-time payments. Tools and Tips to Improve Your Credit Improving your credit doesn't have to be overwhelming. Ted Rossman shares tips for fast improvement, such as using secured credit cards and becoming an authorized user on someone else's account. Dr. Preston Cherry emphasizes the importance of budgeting and building healthy financial habits to support long-term credit health. Avoiding Credit Pitfalls Credit misuse can have long-term consequences. Rocky Lalvani highlights the risks of emotional spending and credit mismanagement. Store cards and deferred interest plans may seem tempting but can lead to high-interest debt if not managed carefully. Our panel offers advice on avoiding these common traps. Credit Scores and Major Life Decisions Your credit score plays a crucial role in major life milestones like renting, buying a home, or securing a loan. Chi Chi Wu discusses the dangers of short-term loans and how they can damage your credit. The panel also addresses how aligning your financial goals with your credit strategy can improve your overall financial well-being. Protecting Your Credit Scams and fraud are growing threats to credit health. Chi Chi Wu explains how freezing your credit can protect you from identity theft, while Ted Rossman offers tips for securing your accounts and safeguarding your credit profile. Key Takeaways: Freeze your credit if you suspect fraud. Monitor your accounts regularly. Teach your children about credit early and consider freezing their credit to protect their future. Meet Our Esteemed Guests Dr. Preston D. Cherry, AFC®, CFT-I™, CFP® Founder of Concurrent Financial Planning and author of Wealth in the Key of Life (Wiley, 2024), Dr. Cherry helps individuals align wealth with well-being. Learn more Chi Chi Wu Senior attorney at the National Consumer Law Center, specializing in consumer credit issues and advocating for transparency and fairness in credit reporting. Learn more Ted Rossman Senior industry analyst at Bankrate, helping consumers navigate credit cards and personal finance. Learn more Rocky Lalvani Founder of Profit Comes First and host of the Richer Soul podcast, empowering small business owners to achieve financial success. Learn more

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In this unintimidating episode, Rocky Lalvani, Founder of Profit Comes First, shares his incredibly simple strategies for helping his clients become more profitable than it they have ever been before.You will discover:- Why Sales - Expenses = Profit is dangerously wrong- HOW to get your business profitable at any size- One simple hack to put your 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. Rocky has direct real estate experience with rental and fix and flip properties. He works with other real estate investors to ensure they are consistently profitable. Rocky started with nothing when his parents immigrated to the United States when he was two years old. It was his parents' second time starting over in life as they moved here to experience the American dream. Despite a lot of struggles, he has been able to achieve financial and life success. 
Want to learn more about Rocky Lalvani's work at Profit Comes First? Check out his website at https://profitcomesfirst.com/ or his Profit Answer Man podcast

In this episode, Sarah is chatting all things Profit First with Rock Lalvani. Rocky is a certified Profit First professional and a Chief Profitability Adviser, who teaches business owners how to ensure they get paid AND make profit a priority.If you're tired of getting paid and having no money left for those "unexpected" expenses, this episode is for you.Learn what makes this system wildly different from any other accounting system and why people all over the world are singing its praises."Cash is current, it's in the now." - Sarah on the power of Profit First.CONNECT WITH ROCKY ON IGhttps://www.instagram.com/richer.soul/LEARN MORE ABOUT ROCKY'S PROGRAM 'PROFIT COMES FIRST'https://profitcomesfirst.com/CHECK OUT ROCKY'S PODCASThttps://richersoul.com/podcast-3/GRAB YOUR COPY OF PROFIT FIRST BY MIKE MICHALOWICZhttps://a.co/d/28s5mxLJOIN THE MOBILE BAR ACADEMYhttps://mobilebevpros.com/join-mobile-bar-academy/WORK WITH SARAHwww.mobilebevpros.comJOIN OUR FREE FACEBOOK GROUPhttps://www.facebook.com/groups/mbpgroupCONNECT ON INSTAGRAMhttps://www.instagram.com/mobilebevprosFREE MASTERCLASS FOR MOBILE BARSwww.mobilebevpros.com/masterclas

Episode 90 discusses Profit Comes First with Rocky Lalvani.Based out of Harrisburg, PA., 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. He states, we change the accounting formula of Sales - Expenses = Profit, to Sales - Profit = Expenses.  This ensures Profit comes first!  And, 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.The Business of Business, topics are divided into 4 Categories: Management, Operations, Sales, and Financial. Target Audience is Business Owners, C-Level Executives, Management, and anyone considering starting a business. Support the showHelping You Run a Successful Profitable Business !For Business Consulting or to be a Podcast Guest - Contact me at: www.bcforg.comLinkedIn: https://www.linkedin.com/in/brian-fisher-72174413/

In less than 20 minutes a week, we'll introduce you to an expert or business owner with deep experience in what they do. Grow you, grow your team, grow a small business.   Welcome to the "Grow a Small Business" podcast with your host, Rob Cameron. In this episode,Rob interviews Rocky Lalvani, a Profitability Expert and founder profit comes first consulting based in Pennsylvania, United States.   In this episode, Rocky Lalvani, founder of Profit Comes First Consulting, reveals profitability secrets for small business owners. Learn to align personal goals with business success, prioritize profitability, and implement disciplined practices to enhance your bottom line. Gain insights from a seasoned expert, and take the first step toward financial growth.   Key Takeaways for Small Business Owners:   Prioritize Profitability: Many business owners overlook the importance of analyzing their P&L and balance sheets. However, profitability is crucial for sustainable business growth and personal fulfillment. Understanding Business Goals: Business owners should align their business goals with personal aspirations. Your business should serve you, not the other way around. Take time to define what you want from your business and how it can support your personal goals.   Target Audience: Rocky's ideal clients are typically seven-figure business owners who struggle to see their take-home profits align with their revenue. This often stems from a lack of understanding of where profits flow within their business.   Our hero crafts outstanding reviews following the experience of listening to our special guests. Are you the one we've been waiting for? Analyzing Business Levers: To improve profitability, analyze various levers within your business, such as the sales process, pricing strategy, operational efficiency, and cash management. Identify areas where you can make small changes to significantly impact your bottom line.   Discipline and Consistency: Profitability is a habit, not an event. Implement disciplined practices, such as setting aside a percentage of sales as profit, to ensure consistent financial growth over time.   Adaptability and Long-Term Perspective: Business success requires adaptability and a long-term perspective. Understand your cost structure and focus on driving sales, especially during challenging times, to maintain profitability. One action small business owners can take:   One actionable step advised by Rocky Lalvani for small business owners is to open an additional bank account. Allocate 1% of your monthly sales to this account consistently. This disciplined approach ensures systematic profit accumulation, fostering financial stability and growth over time.   Do you have 2 minutes every Friday? Sign up to the Weekly Leadership Email. It's free and we can help you to maximise your time.   Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.

Rocky Lalvani is the Chief Profitability Officer and Founder of Profit Comes First and Host of The Profit Answer Man & Richer Soul Podcasts. I knew that this episode was going to be great when Rocky used the term “reverse engineering”, one of my favorite phrases to use when talking about business planning. Listen in on our conversation as we discuss the necessity of understanding your business model and having a meticulous plan for growth, along with the importance of spending wisely in the first year of business, avoiding unnecessary costs, and ensuring all investments yield a high return. Rocky also shares his experiences on finding the right clients, being selective with networking groups, and the challenges he faced when starting his business. GUEST RESOURCES https://www.linkedin.com/in/rocky-lalvanihttps://profitcomesfirst.comhttps://www.facebook.com/ProfitComesFirsthttps://www.instagram.com/profit_answer_man As a service based professional, you want to be out there attracting more people to your business, making more money and helping more people. But how are you supposed to get out there when you're stuck inside the daily grind of your business already out of hours in the day and days in the week? Good news. The solution is not about doing more work. It's about combining the superpower of an authentic personal brand out in front of a scalable self managing business.

Rocky Lalvani joins the CIBL Podcast to discuss his business, Profit Comes First. As a business owner, you've probably know that Sales - Expenses = Profit. With this formula, many business owners end up with very little income or profit at the end of month, causing many small businesses to fail or feel squeezed. Rocky's profit formula is very different from the typical mindset. Rocky says Sales - Profit = Expenses. By putting your profit FIRST, your margins will begin to grow. How does this work? Tune in to find out!! Profit Comes First: https://profitcomesfirst.com/ Profit Answer Man Podcast: https://profitanswerman.libsyn.com/

When business owners go into business, it's easy to assume that's because they understood the business. But that's the furthest thing from the truth. They went into business to do what they loved, and things like cash flow aren't necessarily first on their minds. In this episode Rocky Lalvani of Profit Comes First discusses the crucial role of cash flow to small business success. Discover why it's crucial to prioritize understanding your business's financial health, even if numbers have never been your strong suit. Rocky shares valuable insights and practical strategies to help business owners thrive in an ever-changing and challenging financial landscape. If you're a business owner or aspiring entrepreneur, this episode is your gateway to unlocking the secrets of effective cash flow management. Tune in to gain the knowledge and tools you need to secure your business's financial future and turn your passion into lasting prosperity!

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.   

Rocky Lalvani - Profit Comes First Most of us are in business for the same reasons, we want more money, more time and to enjoy our work more.  But often we end up with less money, spend more time working and blindly hope things will get better soon.  But it doesn't have to be that way. You see, money is a tool.  Like any tool, the more you know how to use it, the better it will serve you. Rocky Lalvani is a financial expert that helps business owners and bussing entrepreneurs learn how to put profit first in their business.  This is the way to make sure you actually make some cash in your business. Listen as Rocky explains the Profit First system and details some thoughts on money that will be the paradigm shift you may need to get your money to work for you, instead of the other way around. Enjoy! Visit Rocky at: https://profitcomesfirst.com/ Podcast Overview: [00:04:45] Building wealth, teaching financial literacy, Profit First. [00:11:41] Business math equation, profit comes first. [00:16:13] Allocate profit, pay self last, prevent overspending. [00:21:12] "Multiple bank accounts prevent self-theft." [00:26:21] Portion control and frugality lead to profit. [00:33:33] Money mindset shapes our financial success. [00:38:39] Taking out a loan to buy truck. [00:43:35] Businesses often overlook hidden expenses. [00:50:11] "Save before spending, learn to negotiate" [00:56:03] Money buys freedom, not happiness. [01:00:54] Podcast promotes business and profitability.   James [00:00:02]: You have found authentic business adventures, the business program that brings you the struggle stories and training successes to business owners across the land. Downloadable audio episodes can be found in the podcast link found at drawincustomers.com. We are locally underwritten by the Bank of Sun Prairie. Today, we're welcoming slash preparing to learn from Rocky Lovanni, owner of Profit Comes First. And I gotta say, I'm excited with Rocky on the show because when he reached out to me and mentioned this book, Profit First, I'm like, that is an incredible book. So Rocky, how are you doing today? I am doing awesome. Thank you so much for having me on. I'm excited to have you on just to talk about more of what you have going on specifically in regards to this Profit First and all that jazz. Cause I guess in the world of business, when you're an entrepreneur, the goal, or at least 1 of the goals, is to have a little cash to be able to afford to do some fun things and to pay for your mistakes, I suppose, is a little part of that as well. Rocky [00:01:01]: Absolutely. That's a big part of it. And honestly, I'm shocked at how many business owners don't look at their financials. Oh my gosh. James [00:01:10]: Yeah. I was just talking with my accountant the other day, tax time. And I said, I like to think that my stuff is pretty organized, but it probably be a little bit more organized. But many, if not most of the other business owners that I've met and chatted with, coached, that are, I would say, sub 10 to 20 employees, they're shoe boxes of paperwork. They don't even know what's going on. So I only, I just wonder like, if the IRS comes and says you're audited, I feel like for some people, they're gonna be like, good, you figured it out. Cause I have no idea what's going on. I don't think that's how it works. OK, Rocky [00:01:50]: I think the IRS is going to say bring us to us in an organized fashion and get us all this stuff. And if you can't, we're just going to tax you. All right. All right. James [00:02:01]: But it's interesting because I mean, so I don't know. Fair, totally fair. It just seems like a lot of people, like you said, are somewhat oblivious to whether they're even profitable or not. Money's coming in. Money's going out. People are getting paid. But to know if their business is successful versus just cash flowing,

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 

Yes Profit Comes First when you are doing it right! Check out this fun and engaging episode with special guest  Rocky Lalvani, MBA, EA Chief Profitability OfficerRocky 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. rocky@lalvani.net https://profitcomesfirst.com/ His podcast:  https://profitanswerman.libsyn.com/Here are 4 ways you can achieve business growth and BEYOND Common Success.1. Get the Beyond Common 12 Essentials for Success in Life and the Workplace book. 2. Take your business to the next level Enroll in   BEYOND Common Success Essentials Course  today!https://www.beyondcommonbusinesssecrets.com/BCSE3. Send us an email  with your wish list and book Tracey to speak at your next big event support@traceywattscirino.com4. Take your personal business growth assessment to see if you are a good fit for one of our Beyond Common Business masterminds or group coaching programs.  Are you ready to get off the overwhelm hamster wheel? You're in the right place. Welcome to the Beyond Common Business Secrets Podcast with Tracey Watts Cirino . To learn more about Tracey and beyond Common Coaching and Training Co. go to www.TraceyWattsCirino.com Ready to gain the confidence to charge what you're really worth? Join us in the BEYOND Common Success Essentials TrainingTo learn more go to https://www.beyondcommonbusinesssecrets.com/BCSEStay Connected on Social

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

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.

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 episode of Cash Flow Pro, we talk with Rocky Lalvani, founder of Profit Comes First. Rocky came to the US from India when he was barely three years old. His father built generational wealth with only $25 as his starting point. Rocky believes that saving, investing, and spending wisely can achieve a wealthy lifestyle.   After seeing the difference that financial education made in his life, Rocky made it his mission to educate anyone, he could reach on personal finance and managing money. He uses his experience in corporate America and as an entrepreneur or small business owner to guide those looking for financial freedom both within the real estate market and out.   Rocky began his real estate journey with rental properties and flipping homes. Today, he is here to tell us about the financial aspects of real estate investing, the market's future, how to think of the dreaded "what ifs!" and, of course, how to fiscally prepare for success!   In this episode, we discuss: How goals change by markets Profits come first! The number of doors does not equal profits Recession and Inflation – the reality of what we are facing Understanding the What ifs and the market shifting   If you are interested in targeting your audience and understanding today's financial world, this episode is for you!   Find your flow, Casey Brown   Resources mentioned in this podcast: https://profitcomesfirst.com/ https://www.linkedin.com/in/rocky-lalvani/ https://www.instagram.com/profit_answer_man/ https://twitter.com/rockylalvani

Making a profit from the very first client?You can.Rocky Lalvani is an expert in the Proift First approach. He will explain in this episode what this system is and how you can apply it. In short: Sales – minus expenses = profitSales – profit => expensesWhat we discuss:01:14 Who is Rocky and how did you end up being the Profit Man?05:09 How does behavior influence our money mindset?08:24 What is the Biblical view on money and profit?10:45 What is the Profit First system?14:00 How to put Profit First into practice15:12 What is the percentage that should be left for expenses?16:35 What is Rocky's advice to solopreneurs' financial system?18:10 Multiple bank accounts?21:03 Where to find more about Rocky and what he does Mentioned:Colossians 3:5 https://www.biblehub.com/colossians/3-5.htmProfit Answer Man Podcast https://profitcomesfirst.com/podcast/https://profitcomesfirst.com/

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.

The 5-year survival rate of small businesses is 45%. This means that, on average, half the companies will fail in their first five years. The main reason for this high failure rate? Not having enough money! When working with new business owners, one of the first things our guest Rocky Lalvani looks for is any limiting beliefs around money. How have they learned to think about money in their life, and what do they believe today? We can uncover so much from our past experiences. Yet, some business owners never explore their current financial mindset, which could be holding them back from making more progress in business or achieving financial freedom. Rocky began his quest for the American Dream with $25. He immigrated to the United States when he was two years old, and his parents were in their 40s. Rocky knows firsthand what it looks like to build a wealthy lifestyle out of nothing through saving, investing, and spending wisely. Rocky serves as Chief Profitability Advisor for business owners, where he teaches his clients how to ensure they get paid and make profit a priority! He hosts two podcasts, The Profit Answer Man, where he helps people become more profitable. And another one called Richer Souls focuses on how to create the life of your dreams once you've made your money.  Rocky loves to share his journey and inspire others to achieve their dreams even faster. Visit, Profit Comes First and learn how putting profit first can make a difference in your business. We really appreciate your time, and we hope that this podcast has provided some value for you. If so, please leave us a review on your favorite podcast app. You can learn more about this episode at: https://go2.money/profit

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

Learn the secrets of putting profits first with Rocky Lalvani, The Profit Answer Man. Host Laurie Barkman talks with Rocky about how business owners can learn what's actually happening in your business, so you know whether or not you're profitable. With a Profit First Method you won't have to wait till tax time to see the profitability picture.   Listen in to learn more about: Profitability as a primary goal Common accounting issues facing the majority of businesses How to track cash flow and profit throughout the year Implement five account tracking system    Show Links: https://profitcomesfirst.com/     Is this the year to sell your company? Don't leave your exit to chance. Stony Hill Advisors works with owners like you to get ready and maximize value when you're ready to sell. Visit www.stonyhilladvisors.com/podcast for a complimentary business valuation.     About Succession Stories Podcast Succession Stories is hosted by Laurie Barkman, the Business Transition Sherpa-- guiding business owners through the process from "transition to transaction." Learn more at https://smalldotbig.com    Book a 1:1 Advisory call at: www.meetlauriebarkman.com lbarkman@smalldotbig.com   We appreciate your support...subscribe, share, and post a review to share what you like about the show!

Rocky Lavani is a certified Profit First Professional, Podcast Host, and Owner/Fractional Chief Profitability Offer at Profit Comes First. Rocky is a true financial expert and has direct hands-on experience increasing the profits for multiple businesses.  As a fellow personal finance enthusiast, I wanted to have Rocky on the show to discuss key steps businesses can take to ensure profitability, financial stability, and other topics related to business finance.  Some of The Topics Discussed Include: How Business Owners Should Think About Accounting/Cashflow A Quick Overview of the Profit First System  How To Set Up The profit First System in Your Business How to Stay Consistent & Keep Track of the PF System Once it's Set Up When Is It Time to Outsource & Hire a PF Bookkeeper Other Finance Systems/Metrics Business Owners Should Track Links & Resources Connect with Rocky on LinkedIn  Learn More About Rocky's Company Profit Comes First  Check Out Rocky's Podcast Profit Answer Man Profit First by Mike Michalowicz Review & Subscribe Thanks for joining us this week! Want to subscribe to our podcast and leave some feedback by posting a review? You can do so by checking us out on Apple Podcasts. The show is also available on Spotify, Google Podcasts, and anywhere else you listen to podcasts.   Prefer watching these discussions? Check us out on YouTube and subscribe to our channel for the video version of each podcast.  Need Digital Marketing Help? Then book a Strategy Call with me to discuss your company's marketing challenges. In less than 30 minutes, I'll help you brainstorm solutions to improve your company's marketing performance and provide you with actionable next steps to turn things around. Use the link below to schedule a time to chat with me.  Book a Strategy Call

Rocky Lalvani serves as Chief Profitability Officer for business owners. His passion is to not only make profit businesses thrive, but also to emphasize the importance of living a happy life to balance the work. Lalvani will discuss many of the common questions that business owners ask. He will touch upon how to implement a cash flow system that works with the habits that most entrepreneurs have. He will explain where he started, and how he got to the position and understanding of the industry that he has today. Some of his important lessons include how to keep up with the world, the mistakes you do and don't want to be making, seeing money as a tool and not an end goal, taking small steps to achieve a bigger overall goal and much more.

Rocky Lalvani serves as Chief Profitability Officer for business owners. His passion is to not only make profit businesses thrive, but also to emphasize the importance of living a happy life to balance the work. Lalvani will discuss many of the common questions that business owners ask. He will touch upon how to implement a cash flow system that works with the habits that most entrepreneurs have. He will explain where he started, and how he got to the position and understanding of the industry that he has today. Some of his important lessons include how to keep up with the world, the mistakes you do and don't want to be making, seeing money as a tool and not an end goal, taking small steps to achieve a bigger overall goal and much more.

I'm going to say this outright even though know it'll raise a few eyebrows: Money matters. Coming from a country where the differences between the 'Haves' and the 'Have Nots' were so obvious, I was very well acquainted with the importance of setting yourself up for a proper financial future. Which is why, for this particular episode, I wanted to find someone that I believe would provide the proper vantage point as well as appropriate insight to help me drive this point home. Having emigrated from his native India to the United States with his parents when he was just 3 years old, Rocky Lalvani has seen firsthand what it looks like to build a wealthy lifestyle out of nothing through saving, investing, and spending wisely. Rocky serves as a Chief Profitability Adviser for business owners and is the founder of Profit Comes First. He teaches financial planning and growing one's wealth because that's what he's done and he doesn't want you to make the same mistakes he's made.  Having personally experienced what it takes to achieve the American Dream, Rocky reminds us that Money is a tool. It can open countless doors if managed well. Without understanding money, he admits that his father would not have been able to sustain a family in America. His mission as a Financial Coach, simply put, is to help you build an abundant life. He is also a happily married father of two as well as the host of two successful podcasts : Richer Soul and The Profit Answer Man podcast. I really enjoyed this conversation. Simply because it was so fun to sit across from someone so incredibly knowledgeable of the topic yet with the down-to-earth demeanor as well as humility to bring some useful concepts down to a digestible level. Another exciting conversation which I do hope you'll enjoy.  You can connect with Rocky by visiting his website or following him on Facebook, Twitter, Instagram. & Linkedin. #StayAwesome #ATATribe - - - - - - - - - - - - - - Connect with us // Facebook : https://www.facebook.com/awakentheawesome Instagram : https://www.instagram.com/atapodcast Email : awakentheawesome@gmail.com - - - - - - - - - - - - - - - Our full back catalog of episodes is also available on your favorite platforms : Apple Podcasts : https://apple.co/3bcWAWX Spotify : https://spoti.fi/3rZOA1B Google Podcasts : https://tinyurl.com/y57gshn4 Stitcher : https://tinyurl.com/yxrfp2s3

In today's podcast episode, Rocky Lalvani from Profit Comes First and Stephen Halasnik from Financing solutions (https://financingsolutionsnow.com/) discuss how businesses can use the profit-first system to generate and maintain cash flow. These solutions are helping business owners maximize efficiency, overcome barriers, and prioritize profit.  

Rocky serves as Chief Profitability Adviser 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!

Do you have anxiety when it comes to dealing with the finances in your business? Why is it important for you to understand what... The post Profit Comes First with Rocky Lalvani | FP 112 appeared first on How to Start, Grow, and Scale a Private Practice| Practice of the Practice.

Do you have anxiety when it comes to dealing with the finances in your business? Why is it important for you to understand what... The post Profit Comes First with Rocky Lalvani | FP 112 appeared first on How to Start, Grow, and Scale a Private Practice| Practice of the Practice.

In season 2, episode 6 of the Stocks and Sandals Podcast, Mike and DJ talk to Rocky Lalvani, Profit Answer Man with Profit Comes First. Get ready to learn how to teach your kids about finances successfully. New episodes are released on Tuesday mornings and can be found anywhere you listen to podcasts! Join the Stock Dads Discord and gain exclusive access to: 1 . FREE Personalized Financial Planning with a Financial Advisor from Perspective Wealth Planning 2. Complete access to our exclusive Stock Dads Academy education program for beginner, intermediate, and advanced traders. 3. A wide variety of educational resources and tools. 4. Real-time alerts and ideas for stocks, options, crypto, forex, and real estate. 5. Live Stocks and Sandals® podcast recordings and Q&A sessions with expert guests. 6. The support of an entire community filled with like-minded dads. 7. A heavily moderated, clean, spam-free, safe environment to learn, ask questions and grow. 8. An opportunity to network with other dads, entrepreneurs, small business owners, investors, etc. 9. Tons of other awesome dad tips and tools (parenting, personal/professional development, entrepreneurialism, lawn care, home improvement, and more!). 10. Raffles, cash prizes, giveaways, and so much more! For a free stock, use the links below. Robinhood App: http://join.robinhood.com/davidb831 Webull App: https://act.webull.com/pm/hzvYJLM8KHhr/crd/inviteUs/ If you would like to leave us a review, you can do that here: https://ratethispodcast.com/stocksandsandals

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

In today's show, Pancham interviews Rocky Lalvani - fractional Chief Profitability Officer at Profit Comes First, and host of Richer Soul Podcast. Rocky has immigrated to the United States with his parents to live the American dream. Growing up, he tends to overhear his parents' and their friend's conversation about finances and generating wealth that made him aspire to be a millionaire and has started educating himself. In this episode, the “Profit Answer Man” will unpack his journey on how he achieved success and make you realize that you can achieve financial independence faster! Rocky will share everything you need to know as he provides tips and tricks to kickstart your investing journey and the distinct differences between Roth and Traditional IRA. Time is indeed gold and you'll know why you should make every second count as we'll dissect the power of compound interest to generate wealth and how to keep it growing so tune in until the end! Listen and enjoy the show!   Quote: “Wall Street is one way to make money but there are so many other better ways to do it and that gets much better returns.” Timestamped Shownotes: 1:12 - Pancham introduces Rocky to the show 2:20 - How compound interest helped in building his wealth 6:24 - Lowering your biggest expense to reduce the gap with your earnings 10:08 - How real estate investing gives you leverage and earn profit 13:34 - Roth IRA vs. Traditional IRA: Which is a better investment? 17:11 - How you can develop your child's habit of saving 20:47 - Recognizing your money mindset to start accumulating wealth  24:37 - On achieving time freedom as his inspiring and uncomfortable goal 26:34 - Taking the Leap Round 26:34 - His first property investment outside of Wall Street (in his 40s!) 27:32 - How his fear kept him from taking that first step towards investing 28:53 - Why his rental property didn't work as expected 30:11 - Why beginners should simply start their financial journey 30:59 - How you can connect with Rocky 3 Key Points: Trust the process of how compounding works to help build your wealth as its results are seen at the last double and not at the start.  Identify what is your wealth-building skill and use that to maximize your wealth as everyone has a unique ability that they can use to their advantage. Start saving money as early as today to be able to get the benefits of compounding as you grow older. Get in Touch: Lalvani and Associates Website - https://lalvani.net/ Richer Soul Podcast - https://richersoul.com/ Rocky Lalvani Email - rocky@richersoul.com The Gold Collar Investor Banking - https://thegoldcollarinvestor.com/banking/ The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ Pancham Gupta Email - p@thegoldcollarinvestor.com

Rocky Lalvani is a Profit First Professional and the Fractional Chief Probability Officer at Profit Comes First, where he helps entrepreneurs and small business owners grow their companies profitably. Certified in the Profit First method, Rocky develops the strategies and models his clients need to maximize their profit potential.   Rocky is also the host of the Richer Soul podcast and the Profit Answer Man podcast. He graduated from Rutgers University with a bachelor's degree in economics and earned his MBA from Penn State University.  In this episode… Are you wondering how to take control of your profits? Do you want a method that helps you boost your revenue and have cash left over at the end of the month?  As an e-commerce business owner, the math of turning a profit may seem cumbersome and overwhelming. But to run a successful business, you must take the time to examine and optimize your financial situation. That's why Rocky Lalvani believes that every dollar has a job. Rocky's Profit First model helps entrepreneurs allocate those funds to earn a profit — and achieve greater financial freedom.  In this episode of the Quiet Light Podcast, Joe Valley and Paul Andersen sit down with Rocky Lalvani, the Fractional CPO at Profit Comes First, to discuss how to reinvest in your company for the best return. Rocky details the importance of creating separate bank accounts for your business, how to do the math of a sale to produce profits, and why you should hire an e-commerce bookkeeper. Stay tuned.

Our returning guest today wants to unlock that potential in each business. In his part 1 interview Rocky Lalvani shared profit first strategies for startups and newer businesses.  In this part 2 interview, Rocky will share profit first tips for established businesses.   Rocky Lalvani works with small business owners to open up more channels of profit through proper planning. He finds each gap in your business that soaks up your money, and aims to repair those cracks in your cash flow. With Rocky, you'll find yourself prioritizing Profit First, and ridding yourself of unwanted expenses.

Rocky Lavani is a profit answer man. He works with small business owners to maximize their profit so they can spend more time doing what they love to do. path2frdm.com Connect with Wes wes@path2frdm.com 

Numbers tell a story. In this episode, marketing maven Liza Sivek talks with Rocky Lalvani of Profit Comes First about why you need to pay attention to your numbers and how that will grow your business.

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)

In this week’s episode of the Saving Yourself from Wall Street podcast, we talk to Rocky Lalvani of Profit Comes First. Rocky breaks through the traditional paradigms that business owners use to manage cash flow to show entrepreneurs how to build their wealth faster. Even if you aren’t a business owner, the principles that Rocky […]

Rocky Lalvani serves as a Chief Profitability officer for companies. As a certified Profit First Professional, he implements Mike Michalowicz's Profit First System. He teaches them how to ensure they get paid and they make profit a priority.He spends his time teaching business owners how to create effortless cash flow and profit and build wealth outside the business. The systems he uses is the same one that allowed him to create wealth. He knows how to turn complex financial reports into simple to understand systems that you can quickly implement and ensure you are always profitable.Topics DiscussedA myth about most successful seven-figure businessesThe three-Step Framework To Higher profitsWhy constraints matterDoes Your Business Have Cash In The Bank At The End of the Month?How Parkinson's Law affects your outcomeResourcesProfitComesFirst.comProfit FirstConnect with RockyFacebookInstagram LinkedInLike Today's Show?Rate, Review, & Subscribe on Apple PodcastsPlease consider subscribing, leaving a rating, and review.Also, if you haven't done so already, join the free MindShift Community to connect with other like-minded people

Profit Answer Man, Rocky Lalvani works with  small business owners to bring  some sanity back into their business finances.  He uses this catchy phrase, "Top line is vanity. Bottom line is sanity. Cash is King." to bring the focus to what really matters in business: PROFIT FIRST. Breaking down the method championed by visionary Mike Michalowicz, Rocky shows how business owners can begin to take steps that will allow them to build wealth and have a business that is ready to weather the storms of life. How much is 1 penny compounded daily for 30 days? Are you ready for this answer, I wasn't : $5,368,709.12Rocky shares how the right steps taken consistently is the only way to financial success for the majority of business owners. Have a listen. Profit First: Transform Your Business From A Cash-Eating Monster to a Money Making Machine by Mike Michalowicz  Rocky's top pick for the Leaders Are Readers series:Business Made Simple: 60 Days to Master Leadership, Sales, Marketing, Execution, Management, Personal Productivity and More. by Donald Miller Connect with Rocky:profitcomesfirst.com Thinking about investing in cryptocurrency:Join Coinbase and get $10 towards your bitcoinThinking about starting your own podcast:Join Buzzsprout! We are with buzzsprout and our experience has been phenomenal. There online community on their Facebook page has helped with all the questions we had. They have a YouTube channel that will walk you through all you need to get started. But really, start with what you have in a quiet room, and share your message. Make you contribution to the social conversations of our day.  And... you'll get a $20 Amazon Gift Card (sent after 2nd paid invoice) when you use this link :https://www.buzzsprout.com/?referrer_id=1093280 Reinventing Perspectives has a

We've all talked about how to generate revenue with marketing and branding, but what about how to make the most of every dollar? There are so many crevices where money can slip through due to an incomplete financial plan, or lack of knowledge about where your money is going. We want to have control over our finances, and live a life of freedom and abundance. Our guest today wants to unlock that potential in each business. Rocky Lalvani works with small business owners to open up more channels of profit through proper planning. He finds each gap in your business that soaks up your money and aims to repair those cracks in your cash flow. With Rocky, you'll find yourself prioritizing Profit First and ridding yourself of unwanted expenses. Rocky set off on his journey to financial abundance at a young age. He coped with his mother's death at the young age of 7, but pushed through to earn his title of a certified Profit Answer Professional. With his master's in business, Rocky wants to share not only his financial freedom with the world, but also the health, time, and spirituality that comes with this freedom.

Your host, Dan Moyle, speaks with Rocky Lalvani of Profit Comes First on why you need focus for your finances. Now if you got something out of one of our interviews, would you share this episode on social media? Just do a quick screenshot with your phone and text it to a friend or post it on your favorite social network. If you do that, tag us #LeverageToScale. What do you win? We're going to promote you and your business to ALL of our social media fans totally free. Next, if you thought this was a valuable use of your time, please support the show and give us a thumbs up, or a rating and review. We promise to read it all and take action.

Rocky Lalvani, Profit First Professional, helps small business owners by removing the anxiety and fear of dealing with the numbers in the business.  Most business owners never look at their financial statements. The average accountant prepares the taxes and the bookkeeper enters information into the accounting system. Neither of them is focused on creating profit in the business. Without a focus on profitability, you most likely will end up with financial struggles.  “What gets measured gets done.”. Learn more at http://profitcomesfirst.com/   Learn more about your ad choices. Visit megaphone.fm/adchoices