by Shannon Simmons | Sep 26, 2023 | Owners Pay, Profit
One of the best things about using the Profit First system is profit distribution time. Being the owner of the company, you get to take a profit once a quarter and use it as you wish. But sometimes, we hear from clients that they’re not making enough profit, or that...
by Shannon Simmons | Sep 12, 2023 | Profit First
Running a wellness business—whether it’s a boutique gym, therapy practice, dance studio, karate school, or something else entirely—isn’t just about delivering top-notch services. It’s also about managing the financial health and back-end of your...
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 | Aug 29, 2023 | OpEx, Profit First
Bringing on new employees is an exciting part of business growth. But if you haven’t done it before, or even if you have, it may be daunting to think about taking on the added responsibility. Can you afford the expense of a new hire? How do you navigate the...
by Shannon Simmons | Aug 22, 2023 | Profit First
Running a wellness business involves a multitude of responsibilities, and maintaining financial health is among the most crucial. It’s the cornerstone of a thriving business. As the business owner, it’s up to you to develop strategies to enhance your cash flow...
