Happy Sunday! Welcome back to SUNDAYS & BUSINESS. This week features Moshe Bochner PFP and CEO at Cofinance Team with three valuable insights on The Power of the Profit First Method.
Profit is not an event, it's a habit.
Profit isn't just luck; it's a skill we develop, like a habit. I always stress the importance of focusing on profits, not just sales. Developing smart money habits is crucial as well as always thinking of ways to make the business more profitable.
Sales - Profit = Expenses
Typically, businesses prioritize covering expenses before considering anything as profit. A smarter approach is to allocate profit first and then use the remaining funds for expenses. This way, profit becomes the main focus, ensuring your business is always generating profit!
Managing money needs a strategy.
Making money is one thing, but the real challenge lies in using it wisely. A great way to manage your money is through the Profit First Method, which has been tested on thousands of companies, ensuring careful spending of your funds.
We hope you found this week’s episode insightful and helpful.
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Have a successful week ahead!
