We finish the START PHASE of implementation with Step #4 of your Profit First Implementation – determining your allocation rhythm and schedule your first allocation day as you continue to build your profit habit. Additionally, we have a Profit First Nation Inspiration interview with Rob Hughes of Hughes Integrated.

We finish the START PHASE of implementation with Step #4 of your Profit First Implementation – determining your allocation rhythm and schedule your first allocation day as you continue to build your profit habit. Additionally, we have a Profit First Nation Inspiration interview with Rob Hughes of Hughes Integrated.

Ep. 25: Establish Your Rhythm

It’s time for step #5 of implementing Profit First – completing your “Instant Assessment.” The good news is we walk you through it step-by-step and make it super simple when you use the Instant Assessment Calculator at www.ProfitFirstNation.com/resources. You just need to understand 5th grade math to complete it – so let’s gett-er done in an instant! (WARNING: This episode contains some “salty” language.)

It’s time for step #5 of implementing Profit First – completing your “Instant Assessment.” The good news is we walk you through it step-by-step and make it super simple when you use the Instant Assessment Calculator at <a href="http://www.ProfitFirstNation.com/resources" rel="nofollow" target="_blank">www.ProfitFirstNation.com/resources</a>. You just need to understand 5th grade math to complete it – so let’s gett-er done in an instant! (WARNING: This episode contains some “salty” language.)

Ep. 26: Instant Assessment Time

Let’s make sure your business is reversed engineer to finally pay you, your company’s most valuable employee, what you need to make to take care of you and your family. We walk you through step-by-step (5 EASY STEPS) on how to use our free Reverse Engineering Calculator to easily calculate what your real revenue needs to be, what your gross sales need to be, and how much you need to sell in a year, in a month, in a week and per day to hit your target owner’s pay salary. BONUS: We have a video at www.ProfitFirstNation.com/resources that walks you through the calculator, as well!

Let’s make sure your business is reversed engineer to finally pay you, your company’s most valuable employee, what you need to make to take care of you and your family. We walk you through step-by-step (5 EASY STEPS) on how to use our free Reverse Engineering Calculator to easily calculate what your real revenue needs to be, what your gross sales need to be, and how much you need to sell in a year, in a month, in a week and per day to hit your target owner’s pay salary. BONUS: We have a video at <a href="http://www.ProfitFirstNation.com/resources" rel="nofollow" target="_blank">www.ProfitFirstNation.com/resources</a> that walks you through the calculator, as well!

Ep. 27: Reverse Engineer Your Business

If you ever wondered how you go from your current allocation percentages to your target allocation percentages – this is the episode you have been waiting for! Based on your Profit First Instant Assessment completed in Episode 27 we are going to figure out how many quarters it will take to reach your target allocation percentages and we will map-out you allocation adjustments for each of the subsequent quarters to reach your target allocation percentages (aka TAPs). THE TRUE SECRET: Go slow with modest adjustments.

If you ever wondered how you go from your current allocation percentages to your target allocation percentages – this is the episode you have been waiting for! Based on your Profit First Instant Assessment completed in Episode 27 we are going to figure out how many quarters it will take to reach your target allocation percentages and we will map-out you allocation adjustments for each of the subsequent quarters to reach your target allocation percentages (aka TAPs). THE TRUE SECRET: Go slow with modest adjustments.

Ep. 28: Roll Back to Get Your Roll Out

My favorite days are Allocation Days! Oh what fun and how easy it is to plug your income account balance into the Allocation Calculator and watch money go to Profit –first! Allocation days also give you cash clarity regarding your company’s fiscal health. So let’s get to allocating!

My favorite days are Allocation Days! Oh what fun and how easy it is to plug your income account balance into the Allocation Calculator and watch money go to Profit –first! Allocation days also give you cash clarity regarding your company’s fiscal health. So let’s get to allocating!

Ep. 29: Allocate and Sweep

Since it is episode number 30 and an episode that ends in “ZERO,” we will stick to our tradition of answering questions on episodes that end in zero. Your Profit First Guide, Danielle Mulvey, also gets the tables turned on her when a husband and wife team came uber-prepared for a call and asked some really insightful questions that Danielle answers with her candor.

Since it is episode number 30 and an episode that ends in “ZERO,” we will stick to our tradition of answering questions on episodes that end in zero. Your Profit First Guide, Danielle Mulvey, also gets the tables turned on her when a husband and wife team came uber-prepared for a call and asked some really insightful questions that Danielle answers with her candor.

Ep. 30: Q&A

Tragically, most people use the terms mark-up and margin interchangeably – like they are one in the same?!?!? We will explain the difference and the values in these two critical metrics. Cliff’s Note Summary: Increasing margin is one of only two ways to improve your profitability. (FYI: Mark-up uses cost as it’s divisor and margin leverages price as it’s divisor.)

Tragically, most people use the terms mark-up and margin interchangeably – like they are one in the same?!?!? We will explain the difference and the values in these two critical metrics. Cliff’s Note Summary: Increasing margin is one of only two ways to improve your profitability. (FYI: Mark-up uses cost as it’s divisor and margin leverages price as it’s divisor.)

Ep. 31: Mark Up vs. Margin

Margin is where the value comes to life. Most businesses undervalue themselves and leaving margin on the table. Set your prices to correlate to the value of what you offer by leveraging Mike’s “Double-Double-Half” formula. Or be the Ferrari in the Ford versus Ferrari scenario and really maximize your margin. And take a lesson from Starbuck’s playbook, too, by regularly increasing your prices even when gross margin is up and COGS are down.

Margin is where the value comes to life. Most businesses undervalue themselves and leaving margin on the table. Set your prices to correlate to the value of what you offer by leveraging Mike’s “Double-Double-Half” formula. Or be the Ferrari in the Ford versus Ferrari scenario and really maximize your margin. And take a lesson from Starbuck’s playbook, too, by regularly increasing your prices even when gross margin is up and COGS are down.

Ep. 32: Double-Double-Half

It’s Step #10 in your Profit First Implementation and a key iterative process that will forever and always impact your profitability. Learn how to make it easy and fun to cut your expenses to increase your profitability. Check out our episode resource with the checklist at https://www.profitfirstnation.com/sign-up

It’s Step #10 in your Profit First Implementation and a key iterative process that will forever and always impact your profitability. Learn how to make it easy and fun to cut your expenses to increase your profitability. Check out our episode resource with the checklist at <a href="https://www.profitfirstnation.com/sign-up" rel="nofollow" target="_blank">https://www.profitfirstnation.com/sign-up</a>

Ep. 33: Cut to Increase

Ep 34: Celebrate!

A podcast for the top 17% of entrepreneurs.

Ep. 35: The Buck Stops with You

Congratulations with this episode you should be done with your Profit First implementation. That was easy and now your are well down the path of permanent profitability!

Congratulations with this episode you should be done with your Profit First implementation. That was easy and now your are well down the path of permanent profitability!

Ep. 36: Easy as Pie

Let’s “Fix This Sh!t NOW,” my entrepreneurial friends. It’s commitment vs want and the secret is you have to commit to it if you expect to achieve it. Let’s heighten your level of commitment and accountability. Are you an entrepreneur who is, A) Frustrated? B) Stressed? C) Uncertain? D) Disappointed? E) Burned Out? F) Overwhelmed G) All of the Above? Well, then let’s “Fix This Sh!t Now!” BONUS: We dive into Mike’s emails from committed readers of Profit First to reveal what it takes to be successful when it comes to using Profit First as your cash management system.

Let’s “Fix This Sh!t NOW,” my entrepreneurial friends. It’s commitment vs want and the secret is you have to commit to it if you expect to achieve it. Let’s heighten your level of commitment and accountability. Are you an entrepreneur who is, A) Frustrated? B) Stressed? C) Uncertain? D) Disappointed? E) Burned Out? F) Overwhelmed G) All of the Above? Well, then let’s “Fix This Sh!t Now!” BONUS: We dive into Mike’s emails from committed readers of Profit First to reveal what it takes to be successful when it comes to using Profit First as your cash management system.

Ep 37: Let’s “Fix This Sh!t NOW”

To get the biggest Return on YOU, make every morning of 2021 a Miracle Morning and then spend one hour sprinting ON your business to make 2021 your BEST YEAR EVER!!!! When you start your day right, you get your week right. When you get your weeks right, you get your year right -- so let's take control of our destiny in 2021 by starting each day off right so you get the biggest Return on YOU. You work too hard and risk too much being an entrepreneur to let others hijack your time and energy. Get your copy of The Miracle Morning: https://www.amazon.com/Miracle-Morning-Not-So-Obvious-Guaranteed-Transform/dp/0979019710 and check out the recently released documentary: https://miraclemorning.com/movie/  (Danielle's twist on SAVERS is the last "S" is SPRINT ON YOUR BUSINESS vs. Scribe)

To get the biggest Return on YOU, make every morning of 2021 a Miracle Morning and then spend one hour sprinting ON your business to make 2021 your BEST YEAR EVER!!!! When you start your day right, you get your week right. When you get your weeks right, you get your year right -- so let's take control of our destiny in 2021 by starting each day off right so you get the biggest Return on YOU. You work too hard and risk too much being an entrepreneur to let others hijack your time and energy. Get your copy of The Miracle Morning: <a href="https://www.amazon.com/Miracle-Morning-Not-So-Obvious-Guaranteed-Transform/dp/0979019710" rel="noopener noreferrer nofollow" target="_blank">https://www.amazon.com/Miracle-Morning-Not-So-Obvious-Guaranteed-Transform/dp/0979019710</a> and check out the recently released documentary: <a href="https://miraclemorning.com/movie/" rel="noopener noreferrer nofollow" target="_blank">https://miraclemorning.com/movie/</a>  (Danielle's twist on SAVERS is the last "S" is SPRINT ON YOUR BUSINESS vs. Scribe)

Ep. 38: Miracle Morning in 2021

A super episode meant to prime you to make 2021 your most profitable year ever! We talk about how Jabba the Hutt is eating your profitability in the form of operating expenses and we cover the core points of Profit First to make sure you are on the path to permanent profitability. This is a perfect episode to share with your entrepreneurial friends who have no clue about how to leverage Profit First as a do-it-yourself cash management system for their businesses.

A super episode meant to prime you to make 2021 your most profitable year ever! We talk about how Jabba the Hutt is eating your profitability in the form of operating expenses and we cover the core points of Profit First to make sure you are on the path to permanent profitability. This is a perfect episode to share with your entrepreneurial friends who have no clue about how to leverage Profit First as a do-it-yourself cash management system for their businesses.

Ep. 39: Profit First Primer

Ep. 40: Another Round of Q&A

Let’s stack the deck in your favor to hit your 2021 sales goals by leveraging Dave Kurlan’s Baseline Selling. It’s a great visual pipeline and what I have been using for about 15 years to hit our numbers. Of course, the real secret is REVERSE ENGINEERING so you are keeping your bases loaded (Pun intended, of course!).

Let’s stack the deck in your favor to hit your 2021 sales goals by leveraging Dave Kurlan’s Baseline Selling. It’s a great visual pipeline and what I have been using for about 15 years to hit our numbers. Of course, the real secret is REVERSE ENGINEERING so you are keeping your bases loaded (Pun intended, of course!).

Ep. 41: Baseline Selling

Once you have three or more employees, chances are your biggest expense is payroll and so you cannot  let B and C players suck your profits dry. We talk Topgrading and the four pillars to recruiting and hiring A-players who represent the top 10% of available talent.

Once you have three or more employees, chances are your biggest expense is payroll and so you cannot  let B and C players suck your profits dry. We talk Topgrading and the four pillars to recruiting and hiring A-players who represent the top 10% of available talent.

Ep. 42: A-Players Drive Profitability

We continue on the topic of Topgrading and how to rate a candidate on the RED key competencies — those competencies that are almost impossible to change. Check out the resource section on ProfitFirstNation.com to download the editable RED Key Competency Questions so that you are ready to hire your next more profitable A-player versus hiring a profit-sucking B, or worse, C-player.

We continue on the topic of Topgrading and how to rate a candidate on the RED key competencies — those competencies that are almost impossible to change. Check out the resource section on <a href="http://profitfirstnation.com/" rel="noopener noreferrer nofollow" target="_blank">ProfitFirstNation.com</a> to download the editable RED Key Competency Questions so that you are ready to hire your next more profitable A-player versus hiring a profit-sucking B, or worse, C-player.

Ep. 43: Be Weary of the Red

Before you make your next A-player hire, go the extra mile and show them that you are serious about recruiting, hiring and retaining the best A-players for your organization. Do what every other employer is too “lazy” to do. Follow these “Four WOWs” to get the 4X return on your new A-player hire as you build a team of A-players that will run circles around your competitors.

Before you make your next A-player hire, go the extra mile and show them that you are serious about recruiting, hiring and retaining the best A-players for your organization. Do what every other employer is too “lazy” to do. Follow these “Four WOWs” to get the 4X return on your new A-player hire as you build a team of A-players that will run circles around your competitors.

Ep. 44: WOW Your A-Player Candidates

Subscribed and will listen to every episode for the stories and authenticity. Special thanks to Brandon of Grandma’s Wealth Wisdom for sharing this podcast with me. One constructive criticism: please stop talking about Mr. Ramsey - he gets enough free advertising.

glad my partner told me to listen

I love how this podcast comes from the perspective of someone using Profit First and not just a lecturer. She really seems to have become an expert by doing.

Great New Podcast

Profit First Nation

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