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A case study in implementing Profit First with Eric Wilkinson
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We've met many contractors who were interested in Profit First but struggled to actually implement it. This week, we're talking to Eric Wilkinson, a construction contractor who uses Profit First to gain cash flow clarity, address seasonality, and keep his business healthy. He also address some of the challenges he met when first implementing the system and how he overcame them.
Topics we cover in this episode include:
- Implementing Profit First while starting a new company
- Getting started and tracking your allocations
- When Profit First isn't working for your business
- How much money should I keep in reserve?
- Advice for contractors getting started with Profit First
LINKS
Visit the episode page at https://CarpenterCPAs.com/casestudy for more details and a transcript of the show.
Contact Eric:
Eric Wilkinson | https://www.sandhillglass.com/
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Chapters
1. Profit First Case Study with special guest Eric Wilkinson (00:00:00)
2. Getting started with Profit First while starting a new company (00:01:55)
3. Getting started and tracking your allocations (00:07:19)
4. When Profit First isn't working for your business (00:15:47)
5. How much money should I keep in reserve? (00:16:41)
6. Advice for contractors getting started with Profit First (00:19:14)
167 episodes
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