February 12, 2020

When To Implement Profit First in a New Startup

Profit First Methodology
Ronald B. Allen

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.

Real Revenue and How It Is Used

Profit First Methodology

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Profit First Methodology

Reserving High Percentages for the Tax Account Even When Taxes Are Already Taken Out

Profit First Methodology