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When To Implement Profit First in a New Startup

September 7, 2018

When Should I Implement Profit First In My New Business?

If you have just started a business and are contemplating if and when you should implement Profit First, the answer is Immediately!!

In fact, the sooner you start with Profit First the sooner you will master financial discipline and force your business to run efficiently. No matter how new or established your business is, you should not wait to implement Profit First!

This is also the answer to the question “Can I implement the Profit First system before my business is profitable?”

Always start right away! By implementing the system, you will force profitability, not wait for it. Start at a low percentage for profit….Maybe 1% but get started NOW!!

What are you waiting for! Create your habit of financial discipline today and watch the success of your business and your profits begin to rise!

If you have questions or want help implementing Profit First into your business, schedule now or give us a call at (816) 394-6818.

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Profit First Strategies helps business owners experience profit.

Profit First Strategies

Profit First is a system that helps you produce profits in your business the first month and always. Using this approach to running a small business you can make profit a habit and not a remote possibility. The Profit First approach starts by rewriting the usual bookkeeping formula so that profit is taken and put in the bank with every bookkeeping cycle. The system follows through by instilling discipline in your budgeting and cash flow management. Read our articles to learn the basics of Profit First and Profit First Strategies that you can use this approach to make you business more successful and your business life more efficient and easier.
Profit First helps you experience profit.

Ronald B. Allen
CEO, Profit First Professional, Fix This Next Founding Advisor
Principle of an accounting firm that’s committed to educating business owners on their financial health, providing a trans-formative strategy and helping them experience their profit!