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Profit First

How to Manage your Cash Flow and Books when you’re Not Good with Numbers

By Cash Management, Profit First No Comments

You’ve probably felt it at times looking over your financial statements. “Um… I can read the numbers, but are they good or bad? What are they trying to tell me?” Then you’re told by financial experts to perform a deep analysis so you can run projections and create a budget. That’s a whole slew of more numbers and complicated calculations on top of still trying…

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What Should You Do When Allocating Cash to Different Bank Accounts?

By Cash Management, Profit First, Uncategorized No Comments

We Want You to have Clarity in Your Cash Flow. You want to have clarity in your cash flow so whether you’re allocating cash, wanting to reward your employees, or creating an expansion plan, you can make smarter more focused money decisions. Often times when running the Profit First for Microgym’s system (the best way to manage your cash flow each month), we get asked…

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Business Owners Should NOT be Living Paycheck to Paycheck

By Cash Management, Profit First No Comments

Do you own a successful business, but somehow find yourself living paycheck to paycheck?   You likely started your business in part to not be in that position. It’s stressful getting your modest paycheck, spending most of it on bills within a few days and then living off a few hundred bucks, if you’re lucky, for the next three weeks. Success then becomes not getting…

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