Have you read Profit First and wondered – what do you do with the profit?🤔
You are not alone! This is one of the most commonly asked questions around here.
First, let’s talk about the definition of profit. You might be familiar with this formula: Revenue – Expenses = Profit. In this model, profit is whatever is leftover (similar to an afterthought). Profit First flips this formula to: Revenue – intentional profit = expenses. Doesn’t that sound much better?!
Let me reassure you; it is absolutely possible to create a profitable business that provides you the amount of money you need to truly satisfy your desires in life. We all went into business because we CARE about something deeply. Perhaps you wanted personal autonomy, freedom of time, freedom of location, or the ability to impact the world around you in a positive way. That’s what this profit is for!
In this episode of Profit for Joy TV, we’re talking all about Profit Distributions!
- What they are
- Why you want them
- How to do it
- The importance of celebrating your profit
Head over to my Facebook page and meet the incredible Lindsey Nadler! Learn how her relationship with money evolved while getting clear on her numbers and revolutionizing her cash flow management!
We’d love to hear your thoughts!
- Subscribe to the YouTube channel to get notifications when new episodes are available!
- Leave a comment below to tell us what you’d like to be held accountable for!
- Discover the cash flow management software we recommend HERE.
Have a topic you’d like to hear some tips about? We’d love to hear from you! Click here to let us know!