Has your dream farm turned into a cash-eating nightmare?
Tame that monster with Profit First, a simple cash flow management system outlined in the book "Profit First" by business author Mike Michalowicz.
Profit First uses bank accounts to form a dashboard so you can see your budget in real-time when you look at your bank balances - with No Mental Math!
It is like the tried & true envelope system to manage a household budget where you allocate your paycheck for your expenses into envelopes but is tweaked to work for any size business.
Simple, inexpensive, and time-tested.
Profit First leverages natural behavior of regular peeps in the world, like me, who have a tendency to spend money based on our bank balance
My farm was eating money like hungry pigs in a feeding frenzy. I had no capacity to do mental math in my head to track my budget nor did I have time to pull out a spreadsheet and work the numbers.
I tried a bunch of cash flow tools then I found Profit First. Would simply using bank accounts to create a cash flow dashboard for a business work as well as the tried & true envelope system for a household budget system?
It did and the impact on my business has been a game-changer.
May the Profits Be With You!