Profit First is more than just a system—it’s a way of life. It’s about following routines and rhythms that lead to a more profitable business, aligned with your goals, and ultimately, the life you desire.

But what is Profit First, really?

Simply put, it’s a method of allocating money each week to different bank accounts, giving you clarity over your spending and upcoming expenses. It’s based on the old envelope system, where cash was set aside for future bills like groceries, insurance, and electricity. With modern banking and the ease of tapping your debit card everywhere, it’s harder to track what money is earmarked for what.

If you run your business from a single bank account, how do you ensure you’ll have enough cash for the next tax bill? Are you prepared to pay your insurance in full when it’s due in six months?

Running a profitable business isn’t just about showing a profit on the Profit and Loss statement—you want to see that cash in the bank. Profit First is all about setting aside your profits first and running your business on the remaining funds. Because if you can run your business on $100, you can probably run it on $99.

We recommend starting slowly with Profit First—open one bank account and set aside a small percentage. This will give you tangible proof that the system works. Once that’s in place, you can add another account. As a Profit First Professional, I help businesses set up their starting percentages and create a cash flow plan that smooths out the natural ebbs and flows of business.

If you’d like a complimentary chat about how Profit First can work for your business, book with me now:
https://app.acuityscheduling.com/schedule.php?owner=18230665&appointmentType=26579492

By Jodi Porteous, CPA & Profit First Professional Mastery Member