In this episode, we answer your burning questions about Profit First, including the difference between owner's pay and profit, and the use of multiple accounts for multiple entities. We emphasize the importance of taking small steps and doing Profit First right.   We also discuss the tradition of answering questions on episodes ending in "ZEROs" and invite listeners to submit their own questions to hello@profitfirstnation.com.   Join us as we peel back more layers of Profit First and provide greater clarity on its implementation.

In this episode, we delve into Dan Miller's 10 Rich Characteristics for success in life and business. From creativity to resilience, these characteristics are essential for achieving your goals and living a fulfilling life.   Join us as we brainstorm practical ways to develop and strengthen each characteristic, sharing insights and strategies for personal and professional growth. Whether you're an entrepreneur, a creative professional, or simply looking to live your best life, this episode offers valuable advice and inspiration for achieving success on your own terms.   Tune in for a countdown of the 10 Rich Characteristics and actionable tips for building them into your daily life.

In this episode, we answer questions our listeners ask about implementing the Profit First System for their business. We discuss the rule of thumb for dispersing profits and retaining earnings, as well as using a vault account for long-term savings. We also provide clarity on which debt to prioritize when using the snowball system for both personal and business debt. Tune in to learn more about optimizing your profit and debt management.

Billy Ann, the Chief Guide at Profit First Professionals, shares her journey of becoming involved with Profit First and how she grew into her role as Chief Guide. She explains that while bookkeepers and accountants can provide clients with spreadsheets and cash flow forecasts, they cannot make the moves and decisions a business owner has to make. Business owners must own the financials of their company and ensure their profitability, even if they are working with the best professional bookkeeper, accountant, or coach. She advises business owners to be more involved in their financials and use them as a guidepost and steering wheel for their business.

In this episode, our experts guide you through Step #2 of implementing Profit First - building your profit habit. Discover how to start allocating 1% of every deposit to your profit account and develop the muscle to make your business fiscally fit.   With expert tips and tricks for making your profit habit a success, our experts provide actionable advice for building your financial stability and taking control of your business finances. Tune in now to discover how to take the next step towards financial success with Profit First.

In this special bonus episode, we are joined by Ean Price Murphy, founder of Moxie Bookkeeping Mentoring and Consulting, for a deeper dive into the world of bookkeeping. As Mastery-Certified Profit First Professionals, Ean and our host share a passion for helping business owners take control of their finances.   Join us as we explore important topics like red flags to watch out for, in-house vs. outsourcing bookkeeping, and more. Whether you're new to entrepreneurship or a seasoned pro, you won't want to miss this valuable conversation.

In this special bonus episode, we dive into Profit First for Microgyms with author John Briggs. As a CPA, CEO of Incite Tax, and owner of a microgym himself, John shares his insights and real-life experiences implementing Profit First in the microgym industry.