Podcasts about read profit first

In this episode, Nat discusses the often taboo topic of money, and shares her new system for budgeting finances in both her business and personal life. Inspired by the Profit First method, Nat breaks down the importance of prioritizing profit to ensure long-term sustainability in your biz. She shares tips for making "out of sight, out of mind" work in your favour, and how to set aside expenses and taxes using the envelope method. If you're a new business owner, Nat recommends using the Profit First system as a roadmap for budgeting your finances. Tune in to learn how to make talking about money a more comfortable and fun experience. Read Profit First by Mike Michalowicz Ready to take your FAM Biz to the next level? Enrollment for FAM Biz School is open now! Find all my FAM Biz programs and free resources here. Read the blog post on Profit First.

Kaitlin and I reviewed these 21 Rules of Money last year on Episode 18. Richard decided to make a 2022 edition and address some of our current financial concerns and plans for the future following these rules.The 21 Rules of Money 1: 70/20/10 - Live on 70% of your income, invest 20% and give away 10%. 2: If you can't buy something with cash, don't buy it with credit (other than car or real estate). 3: Have six months of living expenses in cash but no more than that. 4: Don't waste money.5: Don't spend money based on emotion. 6: When investing your money, do your due diligence, then do it again. 7: Think four generations in the future before you spend or invest your money. Will it benefit my children's children? 8: Never carry a credit card balance unless it's at 0%. 9: Never have all your money in one account. (Read Profit First if you haven't) 10: Never have all your money in one investment (unless it's your first deal).11: Never spend more than you can truly afford. You have to know what you can afford. 12: Don't spend money solely to impress others, the Joneses are broke, you just don't know it. 13: Make sure the reward always outweighs the risk. 14: Treat your money as if you worked hard for it, even if you didn't. 15: Never work for the same dollar twice.16: Manage and adapt your budget monthly.17: Know your numbers (this is most people's biggest issue) 18: If it sounds too good to be true it is, trust me. 19: Inform yourself of how taxes work and pay accordingly, get a good CPA. 20: Never rely on just one source of income, the average millionaire has seven. 21: Spend your time earning money until you can spend your money earning time.

What is “profit?” If you think you know, you might be looking at it all wrong. It sounds out there, but Profit First by Mike Michalowicz makes a compelling case for a totally new outlook on profit. And after reading it, we can't see profit the same way ever again. Two applications for bodybuilding to […] The post MBA1813 Must Read: Profit First by Mike Michalowicz appeared first on The $100 MBA.

What is “profit?” If you think you know, you might be looking at it all wrong. It sounds out there, but Profit First by Mike Michalowicz makes a compelling case for a totally new outlook on profit. And after reading it, we can't see profit the same way ever again. In this Must-Read book review, […] The post MBA1813 Must Read: Profit First by Mike Michalowicz appeared first on The $100 MBA.

1: 70/20/10 - Live on 70% of your income, invest 20% and give away 10%. 2: If you can't buy something with cash, don't buy it with credit (other than a car or real estate). 3: Have six months of living expenses in cash but no more than that. 4: Don't waste money.5: Don't spend money based on emotion. 6: When investing your money, do your due diligence, then do it again. 7: Think four generations in the future before you spend or invest your money. Will it benefit my children's children? 8: Never carry a credit card balance unless it's at 0%. 9: Never have all your money in one account. (Read Profit First if you haven't) 10: Never have all your money in one investment (unless it's your first deal).11: Never spend more than you can truly afford. You have to know what you can afford. 12: Don't spend money solely to impress others, the Joneses are broke, you just don't know it. 13: Make sure the reward always outweighs the risk. 14: Treat your money as if you worked hard for it, even if you didn't. 15: Never work for the same dollar twice.16: Manage and adapt your budget monthly.17: Know your numbers (this is most people's biggest issue) 18: If it sounds too good to be true it is, trust me. 19: Inform yourself of how taxes work and pay accordingly, get a good CPA. 20: Never rely on just one source of income, the average millionaire has seven. 21: Spend your time earning money until you can spend your money earning time.

HIGHLIGHTS What does it mean to be a Soul-Sourced Entrepreneur or to have a Soul-Sourced Business? How is it different from the typical way of having a business? What is the benefit of living life in a spirit of creativity vs. reactivity? Christine shares stories about what has helped her personally and to teach others about how we reconnect to the power of our presence. What is the relationship between women, money and power? How working with coaches has taught Christine that “we lose our power because we believe our thoughts and our emotions” What does the “I’m IN” stand for at Uplevel You™? Christine talks about coming back to center - rooting into our authenticity and continuing to ask “What do I really want?” as we navigate transitions in our lives and in business. “Imperfect Action” & “Embrace the Funk” - breaking out of old patterns and moving forward through mistakes, shame and self-doubt Christine talks about her favorite coaching tools - the Enneagram and the Kolbe A™ Index RESOURCES MENTIONED IN THIS EPISODE Read Christine’s book - “The Soul-Sourced Entrepreneur: An Unconventional Success Plan for the Highly Creative, Secretly Sensitive, and Wildly Ambitious” - https://soulsourcedbook.net/soul-sourced-book/ Listen to Christine’s podcast, “The Soul-Sourced Business” - https://christinekane.com/podcast/ Learn more about Christine’s “Uplevel Your Life Program” - https://uplevelyourlife.com/ Read “Profit First,” by Mike Michalowicz - https://mikemichalowicz.com/profit-first/ Learn more about the Enneagram - https://www.enneagraminstitute.com/ Learn more about the Kolbe A™ Index - https://www.kolbe.com/ Connect with Christine:  WEBSITE | FACEBOOK | LINKEDIN

On this episode of the Built to Scale eCommerce Show, we cover one of the most important areas of business: investment and profitability. In order to fully understand these concepts, it is vital that you monitor your finances. Making educated decisions requires you to comprehend and know your numbers. Today, we will give you recommendations on what to do, how to do it, and what to focus on to increase your eCommerce business' profits. On this episode: Why monitoring your financials is extremely important. Read “Profit First” by Mike Michalowicz. The financial perception of an accountant versus the perception of the entrepreneur. Recommendations on how to best manage financials as an eCommerce business. The benefits of tracking daily profit as opposed to monthly profit.  Numbers, data, and KPIs that should be tracked frequently. Types of variable fees and fixed fees and how these play into the calculations. How calculating operational profits benefits the business owner. Covering fixed fees and what's left afterwards. Apps in Shopify that can be helpful in monitoring finances. Custom fees and costs are entered manually. A formula that allows day-to-day profit to be tracked. Ad spend and ROAS (return on advertising spend) on various platforms. A sophisticated process which clients are usually interested in. Practical planning and theoretical planning. Where and how to adjust ad spend if needed. Learn more to change your financial mindset and benefit.  --- Apply for a Discovery Call With Us: ➤ www.adkings.agency/intro - Want us personally to help to grow your eCommerce business to 8 or even 9-figures? Then check out our Boutique eCommerce Specialized Facebook Ads & Omni-channel Funnels Growth Agency - AdKings. --- Our Other Resources: www.adkings.agency/memos - Exclusive AdKings Memos Newsletter. Our best case studies, real test results, and bi-weekly actionable insights on what is working RIGHT NOW for our clients in their journey to 8 & 9-figures. Curated for business owners, CEO's, CMO's and delivered straight to your inbox. Must join if you love our content on the podcast! www.adkings.agency/community - Free eCommerce Community With 2000+ Members. Would love to chat, ask us some questions, or maybe even help us decide the next podcast topic? Join our free Facebook community of over 2000+ other eCom Entrepreneurs, CEO's, CMO's, and marketers. www.adkings.agency/careers - Are you living and breathing everything marketing & FB advertising? Extremely ambitious in driving tremendous results, love challenges, and want to help manage a portfolio of 7 & 8-figure eCommerce clients? Apply now.

The CEO and Owner of Shaw's covenant, Justin Shaw, graces us with game-changing strategies that can help you craft a focused business plan and begin monetizing your creativity. Hear how he successfully built a luxury fashion brand with no formal training in the fashion industry. Clickable Links:Follow Justin Shaw and Shaw's Covenant on Instagram and Facebook. Visit his website to book an appointment and learn more about his brand. Read Profit First by Mike Michalowicz (Highly recommended by Justin)JOIN the Artgists creative community on Instagram and Facebook.Visit our website to learn more about us!

We love exploring the different avenues at the intersection of being a professional coach and business owner. We know that being confident and competent in our skills helps us meet the needs of our clients, but being a successful business owner requires financial strength. If your business can use some financial fortification, then today’s show is for you! Daniel Blue is the CEO of Quest Education, a firm that helps entrepreneurs obtain capital for their companies. He has over ten years’ experience educating small business owners, and he has a knack for helping individuals get creative with their finances. Daniel joins us today to talk about the many considerations in setting up your business and how to use your assets to continue to grow and bring new offerings to your clients. We’ll also discuss creative ways to secure funding for high-end coaching programs that can help your clients reach their goals. Show Highlights: ●    The #1 thing entrepreneurs need to understand is how taxes are different from being a W-2 employee ●    Lessons learned the hard way: ○    You need a business bank account that is separate from your personal account ○    You need capital to scale and grow your business, either through a bank loan, credit card, or creative use of a retirement account ●    The tax advantage of protection through your EIN as an LLC ●    How your coaching clients can afford your high-end programs through a retirement account like a Solo 401K, which is IRS approved, with no penalties or taxes) ●    As a business owner, you should outsource your bookkeeping so you can make use of your P & L statement ●    Tips for finding a good CPA: ○    Read Profit First ○    Avoid cookie-cutter companies ○    Find a CPA who specializes in working with entrepreneurs ●    How Quest Education helps their 1000 clients find and access capital for their businesses ●    Daniel’s tips: ○    If you are a solopreneur, look to delegate and outsource so that you can spend your time on your highest producing activity ○    If you have employees, then focus on the culture to share your vision and empower your team Resources: Your Quest (https://www.yourquest.com/) Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz (https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4)

The book Profit First is by Michael Michalowicz is a great book that I used to transform my business money management at the start of the year. I recommend it to everyone. It will change the way you view your business finances, and it will help you keep your business healthy. Listen to this episode to hear about why this book is the key to transforming your business "from a cash-eating monster to a money-making machine!" Show notes: https://defythestatusquo.com/2019/06/24/why-you-should-read-profit-first/ --- Send in a voice message: https://anchor.fm/defiant-business-podcast/message

Cyndi Thomason is a Certified Master Profit First Professional, and the founder and president of bookskeep, a virtual company that provides bookkeeping and Profit First consulting services to ecommerce clients all over the world. Cyndi also just released a new book, Profit First for Ecommerce Sellers: Transform Your Ecommerce Business from a Cash-Eating Monster to a Money-Making Machine.   So far, we’ve talked a lot about the technology behind our stores and how to optimize our store pages on the show. But today, Cyndi is going to teach us how to make our businesses more profitable using Profit First, a cash flow methodology that we also use here at Electric Eye.   We discuss Parkinson's law and Primacy Effect, and how they impact our money habits; the challenge of managing cash flow in a business with inventory, especially when you try to scale; and a quick-start approach you can use to make sense of cash flow.   To learn more, visit: https://electriceye.io/podcast   Resources: Learn more at https://www.bookskeep.com/ Read: Profit First for Ecommerce Sellers: Transform Your Ecommerce Business from a Cash-Eating Monster to a Money-Making Machine Facebook: https://www.facebook.com/bookskeep/ LinkedIn: https://www.linkedin.com/company/bookskeep/ Profit First Friendly Banks: https://info.bookskeep.com/blog/profit-first-friendly-banks Start a Simplr free trial: simplr.ai/honest Are you a maker, crafter, or small manufacturer on Shopify? Get easier production scheduling & inventory management with Katana. You can try it free for 14 days. By using the promo code “HONEST” you'll get 30% off your first 3 months of paid subscription! Sign up at Katana’s website here: www.katanamrp.com. Honest eCommerce is produced by Crate Media

Sean and Chris review Profit First by Mike Michalowicz and explore our main takeaways from this book. This book is mainly about businesses paying themselves first. Tune in to hear if you should Read or Not! As always Get Big! Profit First: https://amzn.to/2DyZFir --- Support this podcast: https://anchor.fm/bare-reviews/support

2018 has been wrapped up and we hope it was a solid growth year for everyone. As the new year begins, it's great to list out your goals for 2019. We create a list of 8 potential ideas you can use to craft your own list. 1. Raise Prices. As business owners, we undervalue what we offer. It's natural to think that someone won't pay our asking price so we undercut. As printers, we do this to get more business out of the gate. It's dangerous to the industry as a whole and doesn't accurately reflect the value provided. Instead of a race to the bottom, let's race to the top. Shoot to increase your prices by 10-15%. If you provide enough value, you'll be surprised what people are willing to pay for your services. 2. Delegate. You started the business, but it's to be on top of the business. Focus on extracting yourself out of the business. If you take a week off, your training, systems, and processes should continue to work as if you were there. If they don't, it's time to dive back in and create better, repeatable systems. 3. Pay Yourself. To create a sustainable business, you need to take a fair salary. Shops of all sizes skip payroll to make ends meet especially during slow periods. This isn't a sustainable business. Get to a point where this doesn't have to happen. Read Profit First: (https://profitfirstbook.com/) by Mike Michalowicz to help you execute a plan do this. 4. Fire Non-Performers. If you have an employee that doesn't follow protocol, is absent or just a poor cultural fit, it's time to move on. Clean out the employees holding your company back and create a superstar team. Stop giving excuses. I guarantee you'll wish you did it sooner. 5. Operations Manager. Day to day operations is where many shop owners get swamped. Hiring an operations manager to take this off your plate will greatly help you to delegate. Imagine a day where the tasks you set to complete actually get done in an 8hr period. Sounds exciting, doesn't it? You may have to wait until you can reach $2-3M in revenue, profitably, and that's okay. Keep an eye out for a great fit early. This will be someone you can rely on when you're not at the shop. 6. Visit Your Customers. Take an hour every month to visit a customer of yours. Show up at their office with a small gift and ask them to show you around. They'll be unbelievably thankful you spent time with them and you build a great rapport. Remember, each shirt, trophy, sign, and hat has a story behind it. Tapping into that story will help build a deeper relationship and increase sales. 7. Go to a Tradeshow. There are incredible tradeshows in our industry including ISS, NBM, SGIA, and DAX. Be sure to take the time to visit one. The network gained, relationships built and knowledge learned will be worth the time & money. Make this an annual event and bring your star players from the shop. 8. New Sales Channel. The world of marketing is changing. You're able to tap into customers worldwide in 15min and measure conversion rates. Setup your website funnel to handle inbound leads. It should look something like: Website/Audience Specific Landing Page Submit Contact Form Sales Rep Phone Call Drive sales through this funnel using AdRoll (retargeting), LinkedIn messaging, shop open-houses, community events, small business committees, and Facebook ads. Pick one and grow it! Best of luck in 2019 and let's all grow together!

www.matthoaglin.com (http://www.matthoaglin.com) www.allisonragsdalephotography.com (http://www.allisonragsdalephotography.com) @allisonragsdale   In this episode Matt Hoaglin talks about how running paid instagram, Facebook and Snapchat ads is making a huge difference in his business.  Tune in to learn how he is converting these ads into paying customers. Here is a free video on what he is doing:  https://get.matthoaglin.com/get-clients-now-video/   Matt also talks about how he is seeing some photographers go back to a 9-5 job and why that is good and bad for you.   Resources:   Dave Ramsey Financial Peace University (https://www.daveramsey.com/fpu)   Books to Read: Profit First:   http://a.co/d/7sj5fEq (http://a.co/d/7sj5fEq) Book yourself Solid:   http://a.co/d/5ojewWv (http://a.co/d/5ojewWv) Never eat alone:   http://a.co/d/1K3CUtH (http://a.co/d/1K3CUtH)   Online Resources DigitalMarketer.com Digit App:   http://a.co/d/1K3CUtH (http://a.co/d/1K3CUtH) (#) TRANSCRIPTION: Transcription was done by Temi.com which means it’s an AI generated transcript. The transcript may contain spelling, grammar and other errors, and is not a substitute for watching the video. Intro: [00:00] Welcome to from nothing to profit, a photographer’s podcast with Matt and Kia, where each week they talk to photographers about what is working in their business now so you can swipe those ideas and grow your business faster. Okay. Welcome back everyone. Kia: [00:17] Two from nothing to profit. This is Kia Bondurant and I’m going to be interviewing my cohost, Matt Hoaglin today. Hi Matt. How are you? Very good. So I, uh, we already recorded my interview and I didn’t know if I would like this as much, but I think I like being the boss better. I’m like, Ooh, now I’m in charge, so I get to talk about you. Matt: [00:42] That’s, that’s perfect. You can be in charge of whatever you want, like we talked about in your interview. I can outsource everything to you. Kia: [00:51] That’s funny. No. So I’m Matt, you and your wife Allison Ragsdale, photography and drink. Oh, Colorado. And that supports both of you and allison. Uh, even though she’s not on this, we’ll talk about her. She’s fantastic. She never wanted to do anything besides be a photographer. So she started out being a photographer from the very beginning. Is that right? Matt: [01:13] Right from the very beginning she went to college and got her degree in photography and we started the business like the week she got out of college Kia: [01:19] and so you’re more like me. You actually, we both have education degrees, although yours is a high school math and you managed a camera store and now you run the marketing and the operations of your photography studio. Matt: [01:33] Yeah, exactly. So Alice and I actually met at that camera store, her part time job when she was so cool. Was that the camera store? So we met there and started dating and then eventually moved to Durango and got married and built. Built a business and stuff together. But yeah, so I taught high school math for awhile, which was really awesome. But I’m really glad I stopped doing that at the same time. Yeah. Now I just run like, like you said, operations and marketing for our business. So make sure that the phone rings in the calendar, gets booked so that she can go out and photograph. Kia: [02:01] Yeah. And you’re able to build your life around what you love to do. Matt: [02:05] So one of my passions, just total side note, one of my passions is fly fishing and so what I love about the business that we’ve built as I’m a I, I fly fish at least one day a week if not more. That’s awesome because I can do it on a random Wednesday when there’s nobody else on the river and Support this podcast

  EPISODE 163 of The Local Small Business Coach Podcast Today’s Tip - How Do You Pay Yourself First?   In today’s episode: Have You Read Profit First by Mike Michalowicz? You Should! Want to take home more money each month? Of course, you do! If you are like most folks, you end up with what is left over after paying the bills, taxes, etc. What if you paid yourself first? What if there was a way to rearrange the typical formula and ensure you are making what you need? Is it easy? No, but is it worth it? Yes! Let’s talk about how you go about changing up what you do now, to get to a place of paying yourself first! Thanks for listening! Tammy GET THE PROFIT FIRST BOOK ~~~~ The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in take home pay. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams. HELPFUL LINKS Join the Badass Local Small Business Owners Facebook Group! Website/Training Materials: LocalSmallBusinessCoach.com Become a Founding Member of Our Upcoming Membership Site – Click for More Info Get your free Business Health Check PDF at LocalSmallBusinessCoach.com/businesshealthcheck Our Training Materials for Local Small Business Owners: Training Center Have an Idea for a Show or Have a Question? Email me at tammy@LocalSmallBusinessCoach.com Starting a Local Small Business Website:  StartALocalSmallBusiness.com Get Your FREE eBook - 8 Steps to Increasing Your Profits in Your Local Small Business Follow Me on Twitter @tadams4u   AFFILIATE LINKS Build a Website with BlueHost Get a FREE Audiobook! Take your Business Books on the Road with You!   CLICK to GET YOUR FREE AUDIOBOOK My Recommended Bookkeeping Program for Local Small Business Owners: Freshbooks Link     WHO THIS PODCAST IS FOR: local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams ~~~