In Profit First Basics Episode 8, we tackle one of the biggest profit killers: money leaks. These are the expenses that quietly drain your business without you noticing — subscriptions you forgot about, tools you stopped using, services that outlived their purpose.
The Cut, Reduce, Keep method is simple. Go through every expense and ask: can I cut this entirely? If not, can I reduce it? If not, keep it — but justify it. Most businesses find 10-20% of their operating expenses fall into the cut or reduce category. That’s profit hiding in plain sight, waiting to be reclaimed.
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.
