One of the ideas behind Profit First is borrowed from a fitness expert who spoke about how unhealthy the whole “clean your plate club” philosophy is. In fact, in his book Mike Michalowicz asks himself, “If I reduce the ‘plate size’ of my business’s operating...
This parodied line from the classic movie, The Treasure of Sierra Madre, is reminiscent of talking to small business owners about taking credit cards. They frequently talk about how they don’t want to “give someone” 3% of their money “for nothing”. Their customers...
For those not familiar with the Profit First plan, you should know that the first step towards small business profitability is having a Profit Assessment done by a certified Profit First Professional. This is a thorough review of your books, performed by a...
In business, as in the rest of our lives, it is always best to Keep It Simple S….(whatever adjective starting with S you’d like to use). In reading a book by Justin Harrison called Get Off the Bench, I came across some very interesting and helpful...
