One of the biggest problems business owners face is not understanding what their numbers are telling them about the health of their business.
And it’s no wonder! 🤦🏻♀️
Financial service providers have historically presented business owners with three different computer generated reports each month but minimal instruction on how to interpret them or advice on what they need and how to use them.
Even if you do understand your profit and loss, balance sheet, and cash flow statements, these are historical reports.
You are basically trying to move your business forward while gazing in the rearview mirror…not a wise strategy when the road ahead of your business is full of twists and turns.
Another problem with the way providers have traditionally approached financial reporting is that the reports don’t focus on a solution for the number one problem most businesses have: A lack of profitability and effective cash flow management.
Profit First is a behavior-based cash management system that works with your existing habits instead of forcing you to form new ones
It makes saving money more fun than spending it!
Most importantly, when implemented properly Profit First not only guarantees your business’s profitability, it also ensures you are compensated fairly and that you never have to worry about making your tax payments again.
The Profit First concept is documented in the bestselling book Profit First: Transform Your Business From a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz, and the methodology has been implemented by more than 600,000 businesses worldwide.
Would you like to learn more about how this system can benefit you and your business?