by Eric Johnson | Jul 26, 2022 | Profit First
There can be a lot of confusion around who should be on your business money team and their roles (including your role as the business owner). But without a solid team, you may feel confused about your finances–which is never a good feeling. No matter how long...
by Shannon Simmons | May 10, 2022 | Profit First
As the days grow warmer and people start taking vacations, wellness businesses often take a hit. Therapy slows down and people opt for outdoor workouts instead of the gym. Hopefully you’re prepared for the financial slowdown that comes with seeing fewer clients. That...
by Eric Johnson | Dec 21, 2021 | Business Tips, Profit, Profit First, Taxes
Everyone likes being profitable, yet no one likes paying taxes. So, how can we reduce taxes without reducing net profit? Retirement Contributions Making contributions to your qualified retirement plan (SEP/SIMPLE IRA; Solo 401-K; etc) through your business can reduce...
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 | Dec 7, 2021 | Business Tips, Profit, Profit First
If you’re trying to increase your business profits (and who isn’t?), you might think the sure-fire way to do that is simply to raise your prices. If your customers pay more, you’ll make more. Right? Not necessarily. Well, if you’re using the Profit First method,...
by Shannon Simmons | Nov 16, 2021 | Business Tips, Profit First
I know this is no surprise to you, but the holidays come around every year. Just like your birthday and your anniversary. You have plenty of time to plan ahead for saving up to buy gifts and for taking time off. But every year, it seems like it sneaks up on you....
