by Shannon Simmons | Oct 10, 2023 | Business Tips, Income, OpEx, Profit, Profit First, Sales
Did your business promote a Black Friday deal this year? If so, now’s the time to set up a Drip account within your Profit First system—before you spend the revenue that you made. What’s a Drip account? It’s an account you create to help you manage the cash flow when...
by Shannon Simmons | Dec 14, 2021 | Business Tips, Income, Profit First, Sales
You’ve determined that it’s time to raise your prices. How do you communicate this to your clients and customers?First of all, don’t make it sound like you’re breaking bad news. Raising prices is a natural and recurring step in the life of a service-based business....
by Shannon Simmons | Jun 2, 2021 | Income, Owners Pay
You are committed to the success of your business. Your business’s health and wellness allow you to live a full life, make your mark on the world, and help support the lives of your clients and team. You spend so much time taking care of the things and people who keep...
by Shannon Simmons | Apr 13, 2021 | Income, Profit First
As I write this, the latest round of COVID-19 related stimulus checks are starting to hit bank accounts. People and businesses are hurting, and some relief is welcome. My purpose here is not to debate the merits, the methods, or the size and scope of the bill that...
by Shannon Simmons | Mar 9, 2021 | Income, Profit
There is a lot of thought/opinion/advice when it comes to diversification and creating different revenue streams within a particular business model. The “don’t put your eggs all in one basket” theory. And it sounds good. If one “stream”...
by Eric Johnson | Feb 23, 2021 | Income, Profit First
I started my business as a tax preparer before I started serving as a Profit First Professional. One of the major issues of my business was the uneven revenue throughout the year. From January to April, revenues were strong, so I paid myself a lot–and...
