PAY YOURSELF, SMASH DEBTS, AND GROW PROFITS USING PROFIT FIRST

By Emily Sinderberry –EJS Business Services

Profit First is a cutting-edge method of money management for businesses. You pay yourself first, which is a somewhat astonishing concept but should sound wonderful to any business owner.

Using the Profit First approach to money management you can make sure you pay yourself first, always have money available to pay GST and tax on-time, have money to cover expenses, all while growing a healthy profit!

Mike Michalowicz created the Profit First system of bank balance accounting and money management, which is still relatively new but is quickly gaining momentum and results. He outlines this system in his book, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine.