Stop Fighting Profit First: Implementation Tips & Alternatives – EP 030

The 2 Cents Business Podcast

The 2 Cents Business Podcast with Joyce M. Washington, CPA:

Money isn’t the easiest topic to talk about, especially when there’s misinformation and a bunch of jargon to contend with.

That’s why I created the 2 Cents Business Podcast to bust money myths and cover business money topics like budgeting, business planning, business growth, cloud bookkeeping, team building and profitability without all of the bookkeeping and accounting jargon.

Join me every Monday to dive into the money & metrics matters for business owners & entrepreneurs.

Profit First is still a thing. Although the concept is easy enough to grasp, for some CEOs, implementation can be elusive.

In this episode, I walk you through if the Profit First system is right for you and your business, as well as – what it is (and isn’t), how to implement it, who it works best for, does it actually work…some alternatives and recommendations.

If you’d like to get my eyes on your business and get a personalized implementation plan, grab some time on my calendar by going to thecommoncents.com/consult

Highlights of this episode:

02:15 What Profit First is
06:29 What it is not
09:00 How can it be implemented with ease?
10:45 Some questions to contemplate before implementing this type of system
13:55 Who does Profit First work best for?
14:48 Does this system actually work?
16:00 A few alternatives to Profit First and recommendations
18:45 What to skip for now and what to do instead
21:19 How can you customize to your habits and business needs
26:00 Should you use a system like Profit First at all…

RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

Thanks for listening. Don’t miss an episode – subscribe on: Anchor, iTunes, Spotify, Stitcher

Want to chat and hangout with me, Joyce? You can find me onFacebook,Instagram orTwitter…as @thecommoncents.

You can find all the links and additional show notes at: https://www.thecommoncents.com/podcast

030 – Stop Fighting Profit First: Implementation Tips & Alternatives

Profit First is still a thing. Although the concept is easy enough to grasp, for some CEOs, implementation can be elusive.

If you’d like to get my eyes on your business and get a personalized implementation plan, grab some time on my calendar by going to thecommoncents.com/consult

Mentioned in today’s episode:

Additional resources:

Remember, this is an open discussion. If you have a question that you’d like me to answer on an upcoming episode, send an email to [email protected].

If you’re hanging out on social media, you can find me on Facebook, Instagram or Twitter…as @thecommoncents.

Stop Fighting Profit First: Implementation Tips & Alternatives – EP 030

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