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.
Ready to take control of your cash flow? Your Profit Team helps ecommerce owners forecast cash, plan inventory, and keep more profit with the Profit First method.
