Rocky Lalvani works as a chief profitability officer for small business owners, helping them transform their businesses from cash-eating monsters to money-making machines! The best part is that the owner is always paid what they should. Today, Rocky’s breaking down the key to managing your cash efficiently. It’s called profit first, and you’ll definitely want to hear about it!
If you find yourself fearful when it comes time to check your business’s numbers or frequently bogged down by expenses and taxes, you’re not alone. But there’s a way to make it a little easier on yourself. Profit-first management is about using multiple accounts to ensure your income is flowing to all the right places – and to ensure that you’re always getting paid!
In this episode, Rocky breaks down what profit first cash management is, why it works so well, and how you can implement it in your own business. You’ll be surprised how much more confident and financially secure you feel when you use this system – even when tax season rolls around!