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Purposeful Profit

Profit is NOT a dirty word!
Profit is necessary in order to run a sustainable and solvent business.
Without Profit, there are no funds to re-invest or to pay key stakeholders in your Business (this means you!)
So what, exactly, is Profit First?

Profit First focuses on cash profit and the way cash flows through your business rather than focussing on sales and ‘accounting’ profits.

Profit First works so well because you don’t have to think too hard to manage your cash flow and profitability once you have your system up and running.

The beautiful thing about Profit First is it’s not implementing massive change overnight, but building better money management strategies and organisation around your money habits over time which lead to lasting results.

Profit First is about ensuring your business is providing you with the financial resources required to live your desired lifestyle.
This is Purposeful Profit.

Sprout implemented the Profit First System in January 2020 and after reviewing its success, (Read the Blog here), underwent 12 months training to become a Certified Profit First Professional; proudly the first in the Albury Wodonga region.

Being a Certified Profit First Professional ensures that Sprout has the backing and support of its Profit First family, and its founder, Mike Michalowicz.  Access to new tools and concepts as they arise and a wealth of knowledge and support from fellow Profit First Professionals.

Curious? Enter your details below to download the Profit First core chapters and dive right in!
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Let’s talk Profit on Purpose

Sprout is all about supporting creative entrepreneurs in the alternative health & wellness space in building Intentional, Fulfilling and Profitable businesses that allows them to live a life they love. A life by Design.

In order to be intentional in how you build your business, you need to know that your finances are in order and are able to support you in your general day to day operations, in addition to future growth and development.

This is why Sprout is such an advocate for the Profit First methodology.  The system is built for the growth of intentional and profitable businesses.  It works with you to build solid money management habits that ensure all funds coming into your bank account are given a purpose – this includes paying you profits.

A word from Mike Michalowicz – Author of Profit First.
You heard it from Mike!

Sprout has undergone the necessary training and guidance required to become a Certified Profit First Professional.  It is an honour to help Mike in his war against entrepreneurial poverty by serving our Australian small business market and our absolute pleasure to support our local community here in Albury Wodonga.

What’s Next?
It is always a good time to implement better money management strategies in your business.  Whether you are transitioning from Employee to Entrepreneur or are an established small business owner, Profit First can be rolled out at any stage – sooner rather than later so YOU start reaping the rewards of having an intentional, profit driven business.

The Assessment

Begin with an overall review of your finances to determine where your business currently sits on the wellness scale and implement a rollout plan to make lasting changes over a 12 - 18 month period.

The Profit First Assessment takes you through:
*Historic review of your last 2 years financial data to provide a baseline
and identify trends and habits within your business
* Categorisation of Profit, Owners Comp, Tax and OPEX
*Determination of your Current Allocation Percentages (CAP's)
* Review and determination of your Target Allocation Percentages (TAP's)
* Roll out plan to increase CAP's to TAP's over a 1-2 year period
* Review and analysis of financial data to pinpoint area's of concern
* Provision of a written report with findings and suggested areas to review.

Roll Out Support

Following your Profit First Assessment and the generation of your Roll Out Plan; monthly accountability packages are available to hold your hand throughout the implementation phase and beyond.

Accountability Packages Include:
* Monthly Review Sessions (90 minutes each)
* Weekly Nudge Emails (to help keep you accountable)
* 15min Check In calls to walk you through your first 4 distributions
* Allocations Calculator for quick and easy number crunching
* Unlimited Email Support with 24 business hour turnaround
* Debt Assessment and Elimination plans

Packages and pricing vary depending on individual requirements

Because it all starts with us