Profit First Basics Series Episode 4

In Episode 3 of the Profit First Basics Series, I talked about how separating your cash into multiple bank accounts gives you clarity—no more mental math, no more guessing what’s safe to spend.

Now in Episode 4, I want to help you put that into action.

You probably already have a business checking account.

That's a great start.

Now it’s time to create two more accounts: one for Profit and one for Inventory.

These are the first steps toward creating a cash system that works with your ecommerce reality—not against it.

I'm going to show you:

• Why starting small with just a few accounts is more effective than going all-in at once

• How to treat your inventory spending like its own line item, not a bottomless pit

• A simple way to start moving money based on your Cost of Goods Sold—even if your numbers aren’t perfect yet

This isn’t about perfection.

It’s about movement.

Think of it as a beach entry—you’re wading in from the shallow end, not diving straight into the deep.

Watch Episode 4 of the Profit First Basics Series now

If you don't have a bank that works well with Profit First's need for multiple accounts, I highly recommend looking into Relay Banking Platform.

I use this service myself for both Your Profit Team and bookskeep, and it provides such an easy experience.

Whatever your situation, just understand that you don’t need the perfect system to begin here.

You just need to start moving the money.

If you need some extra help, reach out and let us know today.

Cyndi