by Shannon Simmons | Sep 5, 2023 | Profit, Profit First
Do you ever wonder where all your revenue goes each month? You’re not alone. If you run out of money, your business will go under and be among the 85% of businesses that fail in the first five years. It’s not a lack of revenue that’s the issue, which is helpful...
by Shannon Simmons | Jul 25, 2023 | Business Tips, Profit
At some point or another, most of us have had a relationship with debt. That first credit card we got in college or the mortgage to buy our current home. Sometimes the debt is used for good; other times the debt wasn’t in our best interest. (Maybe some of those early...
by Shannon Simmons | Jul 4, 2023 | Owners Pay, Profit, Profit First
If you’re a Profit First business, you get to take profit distributions four times a year. It’s exciting to see the fruits of your efforts and be able to boost your income as the business owner. It’s honestly the best thing about Profit First, that you’re not limited...
by Shannon Simmons | Mar 28, 2023 | Profit, Profit First
Our favorite time of year happens four times: at the end of each quarter. If you’re following Profit First, this is when you, as the business owner, get to take half of what’s built up in your profit account as a distribution (a bonus, if you will) to yourself. That’s...
by Shannon Simmons | Jan 24, 2023 | Business Tips, Profit
There are a lot of different coaches out there. A sports coach, supporting athletic teams to bettering their game and winning championships. A personal coach, to guide you in creating a life you dream about. A business coach, to help you develop a strategy to keep...
by Shannon Simmons | Nov 29, 2022 | Profit
Most business owners start their business because they’re seeking out a kind of freedom, either time or financial or even the autonomy to be able to do business the way they want. I admit that all of these things make sense to me and I’m on board with them all. As the...
