Our firm is one of the select few, nationwide, that have received a certification in Profit First. What does this mean for you? We will guide you with the methods to greatly increase the profitability of your business.
Of course, we will manage your accounting, and help you with your books - but any accountant | bookkeeper can do that. We also provide the most important financial factor - maximizing your profits.
As they say, the proof is in the pudding. Email (or call) us for a profit maximizer session.
We’ll assess where you stand now, and give you actions that you can immediately use to grow your profits. We are confident you will be so impressed by what we can do for you, you will want to work with us going forward.
THE PROFIT FIRST FORMULA
The GAAP (Generally Accepted Accounting Principles) formula for determining a business’s profit is Sales – Expenses = Profit. It is simple, logical and clear. But the formula, while logically accurate, does not account for human behavior. In the GAAP formula profit is a left over, a final consideration, something that is hopefully a nice surprise at the end of the year. Alas, the profit is rarely there and the business continues on its check to check survival.
Sales – Expenses = Profit
Sales – Profit = Expenses
With Profit First you to flip the formula to Sales – Profit = Expenses. Logically the math is the same, but from the stand point of the entrepreneur’s behavior it is radically different. With Profit First, you take a predetermined percentage of profit from every sale first, and only the remainder is available for expenses.