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...
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 28, 2023 | Profit, Profit First
Our favorite time of year happens four times: at the end of each quarter. If you’re following Profit First, this is when you, as the business owner, get to take half of what’s built up in your profit account as a distribution (a bonus, if you will) to yourself. That’s...
by Shannon Simmons | Oct 25, 2022 | Profit, Taxes
Do you know how profitable your gym is? To be clear, the profitability of your gym isn’t the revenue you’re bringing in or even your net income, after expenses. One of the biggest mistakes we see business owners make is over-simplifying the profit in their business....
by Guest Post | Feb 8, 2022 | Profit
This is a guest blog post from Howard Polansky of Cash Flow Coach. Raising your prices is not about greed. It’s also not about inflation, though it does help offset the rising cost of pretty much everything these days. The true reason to raise prices is two-fold....
