Ever wonder why it feels like the more your business grows, the harder it is to hold onto cash? You’re selling more, working harder, moving product — and yet the bank balance still feels like it’s never where it should be. That’s [ read more...]
Maybe you’ve even opened a few bank accounts and tried to follow the Profit First system. You’re building the business, checking the boxes… yet you can’t quite shake that nagging question: “Why do I still feel broke?” Episode 2 addresses the gap [ read more...]
We’ve talked about why Profit First works for ecommerce — thanks to Parkinson’s Law — and how flipping the formula to Sales minus Profit equals Expenses puts you back in control. Episode 3 is about the mechanism that makes it all work: [ read more...]
In Episode 3 of the Profit First Basics Series, I talked about how separating your cash into multiple bank accounts gives you true visibility. Episode 4 takes it a step further: how to actually start. The answer is simple: open two new [ read more...]
I spent two weeks last month in northwest Washington state with my daughter. As we explored the area, I noticed that wildflowers appeared only in very specific places — certain soil, certain light, certain moisture. Working harder wouldn’t make them grow in [ read more...]
In Episode 5 of the Profit First Basics Series, we talk about the Profit Account as a built-in reward system. Over the past few episodes, I’ve talked about the importance of moving money intentionally — taking control of your cash by creating [ read more...]