Colleen Hilton's business had two locations, $10,000 in monthly expenses, and left her $2,500 personal income when profitable. After adopting the Profit First system, she saw a 300% year-over-year increase in both revenue and profit.
Can you give me the day before, the day after you discovered Profit First? Leading up to this point where you started reading the book, what was the business like?
Right before I read Profit First, we had 2 locations. We were probably carrying about $10,000 a month in hard expenses but also payroll for probably about 6 employees at that point. So quite a bit. Again, I was taking home $2,500 a month if we made any money that month. Since implementing your system, year over year, we have seen a 300% increase in revenues and profits.
Okay. So that's amazing. I'm just going to presume you're taking more than $2,500 home now because— Yes. Okay.
Yes. Now I get a salary and I get owner's distributions based on profits. I'm stable in my own personal life, which lets me be more stable as the CEO of my own company, and the ripple effect is— it, yeah, it's just exponential.
