Without Profit, there are no funds to re-invest or to pay key stakeholders in your Business (this means you!)
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.
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.
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.
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.