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 Shannon Simmons | Mar 30, 2021 | Profit First
If you’re like most people, you have a healthy dose of procrastination in you. You have a project you need to finish, maybe something you don’t want to do, and you put off getting it done until the very last minute. Let’s say it’s your taxes. Maybe you’re not as...
by Eric Johnson | Mar 23, 2021 | Taxes
One of the beautiful things about the Profit First model is always having enough in reserves to pay your taxes. But what happens when tax time rolls around and there’s simply not enough cash to pay all of the taxes? Get Clear On Your Numbers First, you need to know:...
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...
by Shannon Simmons | Dec 1, 2020 | Income
As a gym owner or someone working in the health and wellness industry, you know that revenue fluctuates throughout the year. During the fall and the holidays, clients aren’t as responsive or working out as much–either because they’re busy with work and family or...
