How do I know what I can afford? I want to hire an assistant but can I afford that? I want to expand my services to another County but can I afford that? Have I set aside enough cash to cover my taxes?
THESE are the questions I was faced with both for myself as a business owner as well as for my clients. Good questions! It would seem to me that to guess could be dangerous and expensive. We can do projections, excel worksheets and business plans but all seem faulty and rely on many assumptions.
Rather, by luck, I found the booke Profit First by Mike Michalowicz. This booke gets down to basics on business cash flow. It is like the old fashioned envelope system that our grandparents used to pay bills before credit cards and electronic payments. Profit First makes sense! It allows the use of credit cards and is flexible and easy to implement. This book and the Profit First system changed my life. This system has changed my clients lives.
So if you are looking for a smart but simple way to manage your cash and answer the age old question – what can I afford? THEN you need to implement Profit First. TODAY!
Step 1 – read the book or listen to the audito book.
Step 2 – reach out to me to help you implement. There are short cuts and tips and tricks I can teach you to make sure that the system works for you. Each business is a little different so we like to make changes for you and your needs.
Step 3 – peace. You will always know what you can afford and sleep well at night knowing that you always have enough cash set aside for taxes.
AND for those of you who are NOT YET 50% profitable in your service business, I have a one on one INTENSIVE day program that will get you there. Money back guarantee! Reach out to me and we can schedule this ONE DAY that will forever change the path of your business and your personal wealth. From frustration to clarity. Guaranteed.