by Shannon Simmons | Dec 27, 2023 | Profit First
The surest way to ensure you have the cash you need for the expenses in your business is by implementing Profit First. It creates the guardrails you need to stop spending what’s in your bank account and start holding some aside for things like owner’s pay, taxes,...
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 | Aug 3, 2021 | Profit First
So you’ve implemented Profit First in your business and are on your way to establishing smarter expense spending habits, financial security, and peace of mind. You’ve determined the target allocation percentages for your five bank accounts—and you’re maintaining the...
