📅 Series Kickoff: Profit First Foundations
It’s time to flip the script.
We’re launching this blog series to introduce you to a method that’s transforming how business owners like you think about money. It’s called Profit First, and at CFO Accounting Services, we don’t just believe in it—we use it.
💡 What is Profit First?
Profit First is a cash management system created by entrepreneur and author Mike Michalowicz. Unlike traditional accounting, which follows the formula:
Sales – Expenses = Profit
Profit First flips that around:
Sales – Profit = Expenses
It’s a mindset shift that prioritizes your profit first—literally. By setting aside profit before paying expenses, you create a healthy, sustainable business that pays you what you deserve.
🚀 Why We Love It (And Why You Will Too)
- Clarity: No more guessing if you can afford to pay yourself.
- Control: Know exactly where your money is going—weekly, monthly, yearly.
- Confidence: Build a profitable business without burnout or “feast or famine” cash flow.
- Customization: It works whether you’re a solopreneur, a contractor, or a growing team.
We help clients implement Profit First by creating a system of separate accounts, cash flow rhythm, and strategic planning. You’ll no longer wait for the “leftovers” to see profit. It’ll be baked into your business model.
🛠️ What You Can Expect from This Series
Over the next several blog posts, we’ll break it all down:
- How to set up your Profit First accounts
- What percentages make sense for your business
- Tips to stay consistent (even when it’s tough)
- Common mistakes and how to avoid them
- Real success stories from businesses we’ve helped
📞 Ready to Take Action?
Want to stop wondering where the money went—and start planning where it’s going?
Stay tuned as we guide you through the steps. And if you’re ready to get started now, reach out to schedule a Profit First consultation with our team. We’ll walk you through how to build profitability into every dollar that flows through your business.
Because your business should work for you—not the other way around.
