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 accounts today. One for Profit. One for Inventory. You don’t need to set up the full system perfectly before you begin. Start with those two. Transfer a small percentage into each on your next disbursement. Even 1% into profit and 25% into inventory is progress. Perfection is the enemy of starting. Start small. Adjust as you go. The system will teach you what it needs.