Small-business owners often skip vacations because they can't find the cash. The Profit First system solves this by creating a dedicated vacation account where you deposit a portion of revenue weekly or twice monthly, letting you build a fund without hurting operations.
How can I save for a much-needed vacation? Look, there's 2 reasons why business owners don't typically take vacations. One, they're too busy, there's not enough time. And number 2, they don't have the cash to do it. So next week I'm going to talk about the time component. So subscribe please so that you don't miss that. But today, when it comes to the cash component, look, if you haven't heard about it yet from us, Profit First is a cash flow management system that we believe in that's a game changer. One of the elements you can add to the Profit First system is setting up An account specifically to save money for vacation. So the way that works is I'm going to have money come in and once a week or twice a month, I'm going to transfer money into this vacation account. Therefore, over time, I'm going to be able to accrue a big balance, but in the short run, it doesn't hurt my business. I can still manage it. So that's how you save money for vacation. Remember, profit is a choice. Have the courage and wisdom to choose it.
