Welcome to Podcast Episode 3: Taking Your Business Finances to the Next Level.
Today we’re going to be talking about the book called Profit First. This episode is going to be full of business finance tips just for professional organizers! And if you have never run a business before, you’re definitely going to want to take notes on this one.
What I Talk About:
(00:00) – Introduction to this episode
(00:51) – Recommended reading material: Profit First by Mike Michalowicz
(04:18) – How to ensure your business is profitable
(06:21) – The four “envelopes” you should for your money
(11:09) – Outlining your ideal financial targets of your business
(17:02) – Know if business insurance is important for you
(19:40) – A practical breakdown of the Profit First model
(25:07) – What you should stop doing if you don’t have the capacity
(27:32) – Episode Wrap-Up
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