Profit First
It’s your business. Your PROFIT should come FIRST.
I serve entrepreneurs and small business owners to grow their businesses profitably. Traditionally accounting and bookkeeping services are transactional — do the books, prepare the taxes, etc. Numbers in, numbers out, and you pay a fee. But what about profit? What if at the end of the day, by working with your financial manager or bookkeeper you actually fattened your wallet? My firm does just that.
We use the PROFIT FIRST method of cash management.
We are certified in the Profit First, a method developed and documented by business author Mike Michalowicz. We have direct hands-on experience increasing the profits for multiple businesses, and have access to profit specialists throughout the globe. What this means is we have the strategies to make your business more profitable than it has ever been before. And we are ready to do it for you starting now.
What is PROFIT FIRST?
“Profit First is an exclusive community of accountants, bookkeeping and business coaches who are certified in the Profit First methodology to help their clients build highly profitable business. A Profit First Professional is someone who is known as a strategic, trusted advisor and an integral part of their client’s business success. As a member you will leverage the most recognized profit brand in the world.” ProfitFirstProfessionals.com
And, we give results instantly. Our process of maximizing your profits takes effect literally by your next deposit. There is no stretched, long, consultative process or recommendation report that will sit on your shelf. We simply implement a few changes in your cash management, and you are increasing your profitability from day one.
Profit First Professional Endorsement
About the Book
Profit First is a method developed and documented by business author Mike Michalowicz. Nearly immediately after its introduction, Profit First became the most popular book of all time on how to systematically grow profit in any business. Profit First became a TED Talk, had an entire segment on MSNBC, was written about in Forbes, and was featured in Accounting Today all in the same week.
Our Core Values:
- Collaborative: Working with our clients on unique solutions.
- Innovative: Utilizing the latest technology and tools.
- Comprehensive: Providing encompassing services that go beyond basic tax prep or CPA offerings.
- Proactive: Working with clients on an ongoing basis and throughout the year to plan, prepare, and create.
- Fun: MAking tax preparation and financials a positive experience, as opposed to mundane or a nuisance.
- Inspirational: Opening the door and showcasing ways for business to grow and look forward.
- Creative: Coming up with unique and tailored solutions for each business. As creative as the industries you serve.
- Organized: Staying on top of deadlines, projects, and nitty-gritty details.
Our Why
It’s the people. It’s the owners of these businesses who care about their clients the same way we care about our clients. It’s the fact that our clients love what they do as much as we love what we do. It’s that our clients are striving to do more, create more, and serve more because that’s what we want to do.
How it works
Profit First works by applying Parkinson’s Law( behavioral psychology). This theory presumes that we learn to spend less on expenses and resources, when we reduce the money available for them. The Generally Accepted Accounting Principles (GAAP) of profit equal revenue minus expenses is turned around by the Profit First method.
Pay 1st
Profit Allocation
A savings account to accumulate profits.
Pay 2nd
Owner’s Wage
An account allocated for payment of your salary.
Pay 3rd
Taxes
An account used for payment of taxes.
Pay 4th
Operating Expenses
An account used for payment of day-to-day operating expenses.
