Over the past few months, we’ve walked through the key principles of Profit First. We've discussed why it works, how to implement it, and what it means for your business’s cash flow. Now it’s time to tie it all together.
The Big Picture
Profit First is a mindset shift. It's a behaviorally based system. It protects you from yourself. When you commit to paying yourself first, you’re prioritizing you, your family, your future and the health of your business. You’re telling your business that profit is a core goal, not an afterthought.
When implemented consistently, Profit First helps you:
- Stay disciplined with spending, because the money for profit, taxes, and owner’s pay is already out of reach.
- Build confidence knowing you have reserves set aside.
- Make better decisions because you have a clear picture of your true spendable cash.
Common Wins (and Roadblocks)
Clients who adopt Profit First often tell us they feel relief almost immediately. Seeing profit accumulate, even in a small percentage, brings peace of mind. But some hit snags along the way:
- Cash feels tight at first: That’s normal. You’re learning to run leaner.
- Percentages need tweaking: Your allocations aren’t set in stone. They adjust as you gain clarity on your numbers
- Consistency is key: The biggest results come when you stick with it every month, even when business gets busy.
Your Next Steps
If you’ve followed our series and you’re ready to start, here’s how to move forward:
- Open your accounts (Profit, Owner’s Pay, Tax, Operating Expenses).
- Decide on starting percentages - even 1% profit is a win.
- Schedule regular allocations - weekly, biweekly or monthly, whatever works for you.
- Review and adjust quarterly to keep improving your percentages.
Need help? This is where we come in. Our team works with businesses like yours to set up Profit First the right way, track progress, and fine-tune allocations as your business grows.
Final Word
Profit First isn’t about perfection, it’s about progress. Every step you take toward prioritizing profit gives you more control, more clarity, and more freedom.
If you’re ready to put Profit First into action, book a clarity call with our team and let’s make sure your business is set up to thrive.
