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EIDL- How You NEED To Prove You Used EIDL Funds Appropriately

By Blog
Well, Now comes the "not-so-fun" part...How to prove you used the EIDL funds appropriately   With so many loans being funded and business owners relying on them, we want to make sure you're using them correctly.   We want to help you have a perfect paper trail in place, as you probably will need to PROVE your usage of the loan amount.   This video...
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Accurate And Consistent Bookkeeping

By Blog, Profit First
Do you struggle with accurate and consistent bookkeeping? Today’s tip is really 2 tips in one, but it all has to do with keeping a healthy bookkeeping system.   At the core of it all, it comes down to BEING accurate and consistent. This means that when we have a transaction, we record that transaction the same way EVERY TIME.    For example, let’s say...
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Understanding Your Gym’s ARM

By Blog, Profit First
Today I want to help you understand an interesting metric known as the “Average Revenue Per Member”, or ARM for short. This is a very important metric because you really want to see it trending UPWARD as your business grows. We talk more about it in my book Profit First For Microgyms, but today, I am going to give you a short overview...   As...
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What Percentage Do I Allocate For_____?🤔

By Blog, Profit First
“John, what percentage do I allocate for________?” This is often a question I receive from my clients. So today, I thought we would talk about it, directly.    In a lot of our Profit First tip videos, we talk about allocating income and putting it into different accounts, so it is no surprise that a question we get a lot is “What percentage of the...
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Paycheck Protection Program (PPP) Application-WALKTHROUGH

By Blog, Profit First
Ready to fill out the Payroll Protection Application with 100 % Confidence?   With all the chaos going down with the SBA Loan application and the plethora of "experts" trying to weigh in on this topic, PLEASE don't listen to the Non-experts who have no business stepping into the space. I will be bringing information directly to you from RELIABLE SOURCES to help you navigate...
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