by Shannon Simmons | Feb 27, 2024 | Business Tips, Profit
There are a lot of different coaches out there. A sports coach, supporting athletic teams to bettering their game and winning championships. A personal coach, to guide you in creating a life you dream about. A profit coach, to help you develop a strategy to keep your...
by Shannon Simmons | Nov 21, 2023 | Profit
Most business owners start their business because they’re seeking out a kind of freedom, either time or financial or even the autonomy to be able to do business the way they want. I admit that all of these things make sense to me and I’m on board with them all. As the...
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 | 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 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 | Jul 25, 2023 | Business Tips, Profit
At some point or another, most of us have had a relationship with debt. That first credit card we got in college or the mortgage to buy our current home. Sometimes the debt is used for good; other times the debt wasn’t in our best interest. (Maybe some of those early...
