How to Use Profit First in Your Small Business | 35

Ready to finally make your business work for YOU instead of the other way around?

In this episode, I’m breaking down the Profit First method and showing you exactly how to adapt it for your online business.

After 26 years in banking and running my own online business, I’ve learned a thing or two about managing money – and I’m sharing my practical, easy-to-implement system that will help you consistently pay yourself first (without the guilt!).

Get ready to transform your relationship with your business finances and start building real profit every month.

Here’s a breakdown of the episode:

[00:32] The Profit First Method

[03:43] Step-by-Step Implementation

[05:27] Setting Up Your System with YNAB

[07:02] Determining Your Percentages

[09:29] Regular Allocations and Adjustments

[11:41] Overcoming Challenges

[12:49] Benefits and Success Stories

[13:31] Immediate Next Steps

Resources mentioned:

This page contains affiliate links, which means I receive a small commission if you make a purchase using this link. For more information, see my full disclaimer here.

• Profit First by Mike Michalowicz
• YNAB app (You Need a Budget)
• The Organized Business Toolbox is my monthly membership for solo entrepreneurs who want to feel in control and take imperfect action to move their businesses forward.

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Related episodes:

• How to Set Financial Goals for Your Small Business
• 7 Easy Steps to Set Up a Financial Management System
• How to Make Smart Financial Decisions for Your Business