Does Profit First work?

Profit First works very well as it changes your mindset and teaches you about how your finances work. Profit is the priority and not an “after thought” after covering expenses, meaning you’ll budget your expenses more carefully.

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Can you help me set up a Profit First system so I don’t touch money I shouldn’t?

Yes the Profit First system is designed to deter you from touching money you shouldn’t, that’s why we recommend that you use two (2) different banks. By using two (2) different banks the money isn’t accessible immediately, deterring you from touching it. It will still take discipline and in time you will learn that you can only afford to spend money if it’s available in the expenses account.

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Can you help me set up Profit First in my business?

Yes as a Profit First Professional absolutely I can assist with setting up Profit First in your business and making it work for you and your business structure. Every business is different so working with a Profit First Professional can ensure the system is setup to work for your business type.

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How can I work with you as a Profit First Professional and what do you actually do?

Profit First Professionals are your business partners. We help you implement and maintain profit first. We will be able to assist you to improve your cashflow and offer strategic advice to grow your business. First of all we will analyze your numbers, prepare a profit assessment for your business and help you implement profit first in your business. On an on-going basis Profit First Professionals will keep you accountable, we will be able to work with you on any changes or issues in your business and as a business partner, we are available to bounce ideas off and guide you to a profitable and sustainable business.

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Why if my accountant or bookkeeper doesn’t like the system?

If your accountant or bookkeeper is not familiar with Profit First they may question the number of accounts you have for your business. You might need to educate them on the benefits of Profit First and what you are trying to achieve by using this system. We can also be your accountant or bookkeper or able to recommend someone who is on board with Profit First.

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