Most business owners allow their profit to be the amount of money left over at the end of the year. Which means we have no intentional control of it.
But you can control your profit - you just need to have a plan. So I invited my friend and profit guru Michele Williams from Scarlet Thread Consulting and Profit is a Choice podcast.
Here are the Highlights:
The reason I asked Michele to join me on this episode is to help us go deeper on a topic I discussed in episode #38 on what you need to do in your first few years of business to set yourself up for success.
One of the three “musts” was to master your finances. And I gave a good overview – using my conversation with Andy my podcast editor – on what it means to master your finances. But time didn’t allow me to go deeper and I wanted you to hear it from an expert. Enter Michele Williams.
As a certified Profit First professional, Michele strives to help creative business owners focus on the financial health and profitability of their companies. She believes that each choice is a step towards or away from profitability. Those who work with her understand the correlation between each decision and their own profitability.
Michele breaks down profit into a relatable topic so it doesn't have to overwhelm you.