by Shannon Simmons | Jan 30, 2020 | Profit First
I have to give all of the props to one of my current clients, we’ll call her Jane. On August 24, 2014, Jane e-mailed me the PDF of the first 5 chapters of a book called Profit First by Mike Michalowicz and said, “I would like to implement Profit First process in my...
by Shannon Simmons | Jan 23, 2020 | Profit First
In his book, The Rebel Rules: Daring to Be Yourself in Business, author Chip Conley describes what investors look for in a management team when considering providing startup money to new businesses. He says your management team should consist of a “brain trust that...
by Shannon Simmons | Jan 23, 2020 | Profit First
I was frustrated, feeling like I was letting down my clients until I implemented Profit First in my fitness business. We’d have a meeting with a client and we’d go over the Profit & Loss line-by-line; I thought they got it and we made good decisions...
by Shannon Simmons | Jan 16, 2020 | Profit First
If there is a period of time between when your customers receive your goods or services and when they pay for them, then several things are true: • You have a balance in Accounts Receivable on your balance sheet that represents how much customers owe you• You have an...
by Shannon Simmons | Jan 9, 2020 | Profit First
January is a busy time of year for business owners and especially Fitness Business owners. With many new members trying to find their way to a better lifestyle, your studios and gyms are hopping. In the midst of all the chaos, the accounting world insists on reminding...
