How Does it Work?
The profit first method:
The goal of the Profit First Formula is to develop a system for building your business in a sustainable way that creates long term success. First you account for your profit, taxes and your own pay, and then what’s left over is what the company has to spend on everything else.
This sounds logical,
but does it work?
Our system isn’t a magical solution. It is process that when followed, allows you to breathe easier when it comes to the management of your:
- financial plan
- and taxes
We want you to grow your business
and realize a HEALTHY PROFIT.
Having proper records is the key to running an efficient, successful business.
We meet with you to create a personalized service that matches your needs and adds to YOUR bottom line
This isn’t ‘new math’.
It’s a way to think about your business from a different perspective. You seperate money into three areas: money for taxes, profit for your company and your own pay. What is remaining is used to cover the remaining business expenses.
The idea uses the Parkinson’s Principle. Work will exand to fit the time you have alloted for it. Expenses follow a similar formula. Your expenses will expand to match your revenue. That is why you remove the profit first.
Developing a Profit First formula is a calculation based on your current revenue. (It is not a random profit number manifested from your desire to buy a yacht.) Once you have your personal formula, we use a system the teaches you how to maximize your profit.
- IF YOU’RE TIRED OF ALWAYS WONDERING HOW YOUR GOING TO PAY YOUR NEXT TAX BILL,
- IF YOU WONDER IF YOU CAN AFFORD TO TAKE A VACATION WITH YOUR FAMILY
- IF YOU WONDER IF IT’S EVEN WORTH CONTINUING TO RUN YOUR BUSINESS
Give me a call. Let’s see if your business is positioned to maximize profit.