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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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Can You Write Off a Car for Business?

By Tax Deductions, Taxes, Uncategorized No Comments

If done properly, yes! You can most certainly write off a car for business. If you didn’t already know this, the IRS sucks! The average small business owner can expect to pay about 19% in taxes. That’s just your business and doesn’t even include your personal income taxes. Uncle Sam is greedy and will tax everything from your groceries to your property. And while we…

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Better Financial Decisions by Understanding Your Financials

By Blog, Uncategorized No Comments

Let’s Get Organized Before you can make financial decisions, you have to understand your finances. Making smart decisions is about working with as much helpful information as you can. And making a choice to be profitable starts with making smart decisions. So let’s take a deep dive into understanding financials.   Tool and Tricks Follow along on this video with me as I teach you…

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How To Forecast Cash Flow For 90 Days

By Uncategorized No Comments

Let’s talk about forecasting cash flow   One of the struggles our gym owner friends have is forecasting their cash flow.   When the pandemic happened we created a 13-week cash flow tool which can be really valuable. If you would like a copy of this template we are discussing today, just shoot us a message and we will send it over.   In the…

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Profit First Rhythm Days

By Uncategorized No Comments

I want to respond to a challenge that was mentioned in my Profit First For Microgyms Facebook Community. The topic – setting aside time to manage cash flow and implement profit first rhythm days.   First of all, I want to call a bit of BS about not having the time.   I don’t think you are struggling with setting aside time, I think you…

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How Do I Pay Myself: Advice For Gym Owners

By Uncategorized No Comments

We have been surveying all of you and collecting that data and that is the inspiration behind the tips that we share with you. Here’s an interesting one for you today.   Too Many Of Your Are Not Paying Yourself…   I wanted to discuss a particular response that we got recently because honestly, the goal of every microgym owner SHOULD BE to pay themselves….

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