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#14 - Putting Profit First
Manage episode 399569323 series 3479072
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Profitability is one of the indicators of a healthy business. Although business owners aspire to have healthy profit margins, it can be challenging to achieve them. This episode’s guest Rocky Lalvani serves as Chief Profitability Officer to small and midsize businesses. He presents philosophy and tactics that help small businesses improve their profitability.
This episode includes:
- The Origin and Philosophy of the Profit First System
- How to Implement Profit First
- Building an Appropriate Cash Reserve
- Don't Spend $1 to Save 30 Cents of Taxes
- Ways to Improve Profitability
- Is Banking a Hassle with Profit First?
Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.
Thanks for listening!
Host Cal Wilder can be reached at:
cal@empoweringhealthybusiness.com
https://www.linkedin.com/in/calvinwilder/
Chapters
1. #14 - Putting Profit First (00:00:00)
2. Rocky's Background (00:00:48)
3. The Origin and Philosophy of the Profit First System (00:03:46)
4. Implementing Profit First (00:09:33)
5. Building a Cash Reserve (00:21:21)
6. Don't Spend $1 to Save 30 Cents of Taxes (00:30:01)
7. Ways to Improve Profitability (00:34:40)
8. Is Banking a Hassle with Profit First? (00:43:39)
23 episodes
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