Roughly 50% of businesses fail within the first 5 years. Those are the lucky ones! The majority of the businesses that survive are racking up debt, and their leaders are perpetually stressed. Most entrepreneurs are living a financial nightmare. This happens because of one thing: most do not understand profitability. Profit must be baked into your business. Every day, every transaction, every moment. Profit is not an end-of-year event, Profit is a habit.
Profit First is a cash management tool that consistently tells you the truth about the health of your business. It’s a system that tells you what you can spend and what you MUST keep in your business.
What you will learn:
∙ Understand why some accounting practices, distorts your view of profit
∙ See how human behavior can work against you in your business’ profitability
∙ Do an instant assessment on your business and know the TRUTH!
∙ Know how much profit the business SHOULD be making.
∙ Finally get a number on how much your business should spend.
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