Most business owners pay themselves last, which leaves them broke even when revenue is strong. The Profit First system flips this by splitting incoming money into separate accounts for owner pay, taxes, profit, and expenses right away, forcing the business to operate on what's left.
If your business is making money, why does your bank account look like this? Because you're paying everybody else first and checking what's left for you. That's backwards. There's a better way to think about your money. It's called Profit First. It's a simple system where you pay yourself, the business owner, first, and it fixes your cash flow problems almost immediately. Think about a tube of toothpaste. When it's full, you use way more than you need. When it's almost empty, somehow you make it work. Your bank account is the same. Profit First splits your money into separate bank accounts the second it comes in. One for your pay, taxes, profit, income, and expenses. You get paid first, then the business runs on what's left. You may have to trim some things, but just like the toothpaste, you'll make it work. Comment profit below and we'll send you our free 7-step Profit First setup guide so you can take control of your finances and finally start paying yourself first.
