• 💸 Profit First: Does Your Business Need A Money Management System?

  • Feb 16 2022
  • Length: 28 mins
  • Podcast

💸 Profit First: Does Your Business Need A Money Management System?

  • Summary

  • ➔ Are you one of those entrepreneurs who feels like you're swimming in a constant state of financial uncertainty?

    Do you feel like you could be doing more with your money if only you had a better system for managing it?

    Are you tired of feeling like your business is at the mercy of your finances? If so, then do we have the episode for you!

    In today's episode, we discuss the benefits & considerations of implementing the popular money management system Profit Frist into your business.

    Tune in to learn how to take control of your finances and start making more money!



    BEERS FROM THIS EPISODE


    Mike: Ale Asylum Demento IPA

    Madison: Lazy Magnolia Cream Stout 


    TODAY ON BARBELLS, BEERS, & BENJAMINS:


    We unpack…


    • What Profit First is and what it’s not
    • Our experiences with using it in the past (find out if we still do)
    • Tips for getting started if you determine Profit Frist is a good fit for your business


    TOPICS


    • 1:42 - Beer Talk 
    • 5:10 - What Is Profit First?
    • 13:48 - Consensus 
    • 15:59 - What Dave Ramsey Thinks…
    • 25:31 - What We Think
    • 27:13 - What’s Coming Next Week. . . 



    WORDS OF WISDOM



    • “It sounds gimmicky to me. There’s no amount of moving money around through bank accounts that makes money grow. And by the way, I don’t think you should put profit first. You need to put your customer first wisely, thereby creating profit.” - Dave Ramsey 
    • "What it teaches you is really the value ultimately." - Madison Allen



    RESOURCE LIST



    • Profit First by Mike Michalowicz
    • Mike Michalowicz’s Profit Frist Ted Talk
    • Dave Ramsey’s Take
    • Scammer Payback



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    See you next week, cheers! - Mike & Madison Allen


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