Mike Michalowicz explains how to set up the Profit First cash-flow system by opening a dedicated bank account in 15 minutes. He recommends Relay, a banking platform that automates allocations for thousands of users, and offers a $50 credit through banklikemike.com.
If you're a small business owner, the very first move is get your butt to the bank, like, immediately. Ironically, it's the hardest step and requires, you know, 15 minutes of effort. Maybe you're gonna drive there in person. Maybe I can do it online. Almost all banks now are online, literally 15 minutes or less. They say, when's the best time to plant a tree? And you know, the answer is 40 years ago. When's the second best time? Today with profit first. If you didn't implement profit first 40 years ago, you gotta get started today if it is designed to work with your bank. So you got to get to your bank and set these accounts. Now I'll give you the ultimate hack. And this is Low Pro. But the best bank for this, hands down, is Relay. We use them as our bank. They designed their banking system. They're a app that sits on top of bank, so it's called a banking platform. They designed their banking platform from day one to support Profit First. There are tens of thousands, I think, even beyond that now, of users of Prop first using Relay because it automates this process. It makes it so much more efficient, so easy to do. Now here's my pluggy part. We have a link we have called banklikemike.com the promo does change, but right now I think they're funding your account $50. So here's the ironic, ironic thing. If you go to banklikemike.com and set up a bank account with Relay, you get 50 profit instantly right to your account.
