030 - Stop Fighting Profit First: Implementation Tips & Alternatives

The 2 Cents Business Podcast

Profit First is still a thing. Although the concept is easy enough to grasp, for some CEOs, implementation can be elusive.

In this episode, I walk you through if the Profit First system is right for you and your business, as well as - what it is (and isn’t), how to implement it, who it works best for, does it actually work...some alternatives and recommendations.

If you’d like to get my eyes on your business and get a personalized implementation plan, grab some time on my calendar by going to thecommoncents.com/consult

Highlights of this episode:

• 02:15 What Profit First is
  
• 06:29 What it is not
  
• 09:00 How can it be implemented with ease?
  
• 10:45 Some questions to contemplate before implementing this type of system
  
• 13:55 Who does Profit First work best for?
  
• 14:48 Does this system actually work?
  
• 16:00 A few alternatives to Profit First and recommendations
  
• 18:45 What to skip for now and what to do instead
  
• 21:19 How can you customize to your habits and business needs
  
• 26:00 Should you use a system like Profit First at all…
  

RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

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Want to chat and hangout with me, Joyce? You can find me on Facebook, Instagram or Twitter…as @thecommoncents.

You can find all the links and additional show notes at: https://www.thecommoncents.com/podcast