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 | 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 21, 2023 | Owners Pay, Profit First
Three months can fly by—especially in your business. It’s that time again for your Quarterly Financial Routine. You do have a quarterly financial routine, right? If you do, awesome! If you don’t, you’re in luck. We’ve compiled our top three tasks that should be a part...
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 6, 2021 | Owners Pay, Profit First
You did it. You put profit first in your business. You’ve been able to pay yourself and successfully grow your business. Your sales are increasing, but so are your expenses. But how do you know when the time is right to adjust your owner’s pay percentage? The...
by Shannon Simmons | Jun 18, 2020 | Fix This Next, Owners Pay, Sales
What are your company’s sales goals?You have some, right? Ok, I am going to go out on a limb here and say you do have a sales goal for your business. If you don’t, no problem. I am going to explain to you how to set sales goals that make sense.For those of...
