Profit First is a pay yourself first cash flow methodology which ensures that the owner is compensated, that the company has cash reserves to pay taxes, and that the company generates profit that can be used to celebrate the success of the company or to pay down any debt.
View Resources
Mike is the entrepreneur behind three multimillion dollar companies and is the author of Profit First, The Pumpkin Plan and what BusinessWeek deemed the entrepreneurs cult classic, The Toilet Paper Entrepreneur. He is a former small business columnist for The Wall Street Journal, speaks internationally on entrepreneurial topics, and is the creator of the Profit First method. Mike is an active adviser on Profit First to our firm.
Read More on WikipediaVirtual Office Solutions is certified by Profit First Professionals to teach and implement Profit First strategies to businesses. Profit First Professionals is an organization of accountants, bookkeepers and coaches who are dedicated to eradicating entrepreneurial poverty through the Profit First system.
Grab your free download of the first 2 chapters of the book Profit First by Mike Michalowicz, an assessment to see how your business compares to other profitable businesses, a Profit First Overview with action items, and a bank account cheat sheet.
View Resources