Traditionally, Profit is the bottom line on one of the financial reports your Accountant hands you at the end of the Financial year – known as a Profit & Loss or Income Statement.
The one that tells you essentially how much of your business income is left over after all your business expenses for the year are deducted.
If you’ve spent more than you’ve made, that’s considered a Loss and a negative figure will grace the bottom of your Financial Statement (not really what we’re hoping to achieve here)
When you do see a Profit at the baseline of those reports, it’s often not what you see in your bank accounts nor can you see where or how you have paid yourself these funds as personal income.
Sprout takes you through the Profit First process in order to fix this common entrepreneurial problem.