The Downside of “Profit First” for Small Business

It’s no secret that I LOVE the Profit First method. But there is a downside to “Profit First” that not enough of us are talking about.

FREE CLASS: How to Use a Holistic Approach to Create a Profitable Biz Without Burning Yourself Out
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PROFIT FIRST BOOK:
https://amzn.to/3x1YPV5

Profit First by Mike Michalowicz did for me just what it promised - it transformed my business from a cash-eating monster to a money maker. It helped me make sense of small business finances and small business budgeting. And it helped me increase profit.

In the short term. But it won’t teach you how to start a business, how to grow a business, or how to scale a business. In fact, it could hurt those things. Because it’s just going to teach you business budgeting with an eye on your profits.

Here’s what you need to know:

0:00 - Intro
0:25 - Profit First Accounting Overview
1:35 - The Upside of Profit First
4:17 - The Downside of Profit First
5:10 - The Solution
// MORE INSPIRATION

4 REASONS TO SWITCH TO CLICKUP:
https://youtu.be/gQ0udfV_8oE
Learn more: https://clickup.com/?fp_ref=xky5h

7 BEST BOOKS ON HABITS:
https://youtu.be/SrtilEQOnc8

7 MONEY MINDSET BOOKS:
https://youtu.be/MQAA_SNh3tE

7 MONEY LESSONS I WISH I LEARNED SOONER:
https://youtu.be/kVYetkDgC_E

7 HABITS THAT MAKE MORE MONEY:
https://youtu.be/jV6UShhQFRQ

CHARGE WHAT YOU’RE WORTH IS BAD ADVICE:
https://youtu.be/pwhSmv7rg9k

REVENUE VS PROFIT: WEIRD TRICK:
https://youtu.be/4e3pn55f3xY

ARE YOUR FINANCIAL GOALS TOO BIG?
https://youtu.be/kLSG-IAtKrk

HOW TO START A BIZ IN 10 HRS/WEEK:
https://www.youtube.com/watch?v=Rfu-N9a5neg

SMALL BIZ FINANCES MADE EASY:
https://www.youtube.com/watch?v=a3fI5LJwV-Q

BEFORE YOU START A BUSINESS, ANSWER THESE:
https://www.youtube.com/watch?v=QacRzq8udb4
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Want to learn more about how to use aromatherapy to impact your limbic system (mindset, emotions, and thoughts)? Or to increase the impact of your affirmations, journaling, or personal development work? Check out these links below:

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// ABOUT ME

I’m Tara Wagner, Breakthrough coach and lifelong entrepreneur. I help female entrepreneurs get their heads, their hearts, and their habits straightened out, so you can take back your time, make more money, and finally crush your goals, not your soul. Looking for mindset and business coaching?

LEARN MORE: https://xotara.us/bbinnercircle
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Everything I share here or through my website are for entertainment and inspirational purposes only. All advice should be undertaken at your own discretion, because you’re a smart cookie who can make your own decisions. Affiliate links may be included and are noted as such. By watching or subscribing you agree to use the common sense discretion outlined in painful detail here: xotara.us/disclaimer

Видео The Downside of “Profit First” for Small Business канала Tara Wagner Coaching