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.
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Intro: Begin with an introduction to set the stage for implementing the Profit First system.
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Open Bank Accounts: Learn how to set up dedicated bank accounts for effective financial management.
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Allocations: Understand how to distribute your income effectively to align with Profit First principles.
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Create Customised Reports in Xero: Gain clear financial insights by creating tailored reports.
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Complete an Instant Assessment: Evaluate your current financial status and identify key areas for improvement.
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Determine Your Real Revenue: Establish your true revenue by adjusting for essential business expenses.
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Identify Current Allocated Percentages: Understand your current financial allocations and spending habits.
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Set Target Allocated Percentages: Define optimal percentages for profitability and growth.
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First Invoice Allocation Transaction: Execute your initial allocation transaction using the Profit First method.
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Schedule Regular Allocations: Plan consistent allocation sessions to maintain financial control.
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Set Up Quarterly Reviews: Establish periodic reviews to assess and adjust your strategy for continued success.
Expert
Katie Crismale-Marshall
Co-creator of Future Builders / Profit First for Tradies
Katie, a certified Profit First Coach with a profound understanding of the challenges faced by Tradies, is your dedicated partner in navigating the complexities of running a successful business. Drawing from her personal background in a Tradie family and a network of Tradie friends, Katie offers empathetic and tailored support to address financial hurdles head-on. As the author of "Profit First for Tradies," Katie has distilled her expertise into a comprehensive guide aimed at eliminating cash flow problems and fostering enduring profitability for business owners. With a focus on simplicity and effectiveness, Katie empowers Tradies to take control of their finances using the proven Profit First Method. In addition to her coaching credentials, Katie is a Xero specialist and seasoned small business strategist, equipped with the tools and insights to optimize operations and maximize efficiency. Her ultimate goal is to alleviate the burdens that often accompany business ownership, allowing Tradies to reclaim their time and focus on what truly matters. Katie is committed to providing unwavering support and guidance as you embark on your journey towards financial stability and success. With her expertise and genuine passion for helping Tradies thrive, she looks forward to assisting you in implementing Profit First for Tradies and unlocking the full potential of your business.
Co-Creator
