Profit First & Small Business Profitability
Take Your Profit Off the Top. Pay Yourself First. Finally.
About this course
Most small businesses run on the formula Sales minus Expenses equals Profit, which leaves profit as a leftover that never arrives. Profit First flips it to Sales minus Profit equals Expenses by taking profit and owner's pay off the top into separate accounts before a dollar is spent. This course installs the full system: the five foundational accounts, current and target allocation percentages, the Instant Assessment, the twice-monthly cash rhythm, quarterly profit distributions, and the debt-destroyer routine. Worked examples use real banks (Relay, Mercury, Found, Bluevine), real bookkeeping tools (QuickBooks, Xero, Wave), and real numbers so you can run the math on your own revenue today.
Curriculum
Module 1: Why Profit Has To Come First
- The Formula That Starves You: Sales Minus Expenses Equals ProfitPreview
- The Psychology of Bank Accounts and the Plate Method🔒
- Your Real Numbers: The Instant Assessment🔒
Module 2: Setting Up the Accounts and Percentages
- The Five Foundational Accounts and Where To Open Them🔒
- Reading the Target Allocation Percentage Tables🔒
- Building Your Personal Allocation Plan Without Breaking the Business🔒
Module 3: Running the Rhythm Day to Day
- The 10th and 25th Rhythm🔒
- Paying Bills, Payroll, and Yourself From the Right Accounts🔒
- Quarterly Profit Distributions That Actually Reach You🔒
Module 4: Profitability, Debt, and Staying Solvent
- The Debt Destroyer Routine🔒
- Plugging the Profit Leaks🔒
- Measuring Health: Solvency Ratios and the Quarterly Review🔒