Profit First
course by:
Expert
Katie Crismale-Marshall
Discover how to take control of your finances with Profit First. This course will guide you step-by-step to ensure you're consistently paying yourself, building financial stability, and achieving real, sustainable profit in your business.
About this course
Profit First
As a tradie, you work your butt off every day. But are you actually making money?
We're not talking about revenue. We're talking about real, tangible profit – money you can take out of your business and spend on yourself, your family, or even reinvest back into a business without worrying about cash flow. If you're nodding your head, then it's time to implement Profit First. Profit First is a simple but revolutionary system that ensures you're paying yourself first, not last. By allocating a percentage of every invoice to profit from the get-go, you'll create a sustainable financial rhythm that guarantees consistent profitability.
In this course, we'll guide you through every step of the Profit First setup process, so you can: Consistently take home profit: No more feast or famine cycles – you'll have a steady income stream. Build a financial cushion: Create a safety net for unexpected expenses or lean times, so you can breathe easy. Invest in growth with confidence: Know exactly how much you can spend on your business without risking your cash flow. Finally, enjoy the fruits of your labour: Stop feeling like a slave to your business and start living the life you deserve. Ready to prioritise profit and build a business that truly serves you? Sign up to futurebuilder.co and enroll in "Profit First" today and start your journey towards financial freedom! My name is Katie Crismale-Marshall and I’m a Future Builder
WHAT You'll learn
In this course, we'll walk you step-by-step through setting up the Profit First system in your business.
Intro: Begin with an introduction to set the stage for implementing the Profit First system.
Open Bank Accounts: Learn how to set up dedicated bank accounts for effective financial management.
Allocations: Understand how to distribute your income effectively to align with Profit First principles.
Create Customised Reports in Xero: Gain clear financial insights by creating tailored reports.
Complete an Instant Assessment: Evaluate your current financial status and identify key areas for improvement.
Determine Your Real Revenue: Establish your true revenue by adjusting for essential business expenses.
Identify Current Allocated Percentages: Understand your current financial allocations and spending habits.
Set Target Allocated Percentages: Define optimal percentages for profitability and growth.
First Invoice Allocation Transaction: Execute your initial allocation transaction using the Profit First method.
Schedule Regular Allocations: Plan consistent allocation sessions to maintain financial control.
Set Up Quarterly Reviews: Establish periodic reviews to assess and adjust your strategy for continued success.
