Profit First

Stop bank balance accounting and become financially fit. We want to empower you to have the life you dreamed of when you started your business.

You are working so hard but your business seems to be running from deposit to deposit and you\'re constantly watching the bank account hoping there will be enough money come in in the next few days to meet payroll or pay some bills. Then you have your income taxes done and your CPA tells you that you\'ve made a profit and you owe the tax man!! Wait...what?

Being profitable is a good thing, having to pay the tax man is not a bad thing, but not having the money to pay your taxes, or the CPA, is a problem. What about paying yourself? You are the best employee your business has!!

Did your Grandma use a cash flow system otherwise known as the envelope system? When the money came in it would be divided amongst the envelopes...rent, utilities, food, incidentals. Those were the days before debit cards and etransfer. With Profit First we use a vamped up version of this system, utilizing bank accounts instead of envelopes. We allocate monies to different accounts... profit, taxes, owner\'s compensation, operating expenses etc.