Kasey Anton, the author of Profit First for Restaurants and founder of Spark Business Consulting, shares her thoughts with Mike shedding light on why some restaurants fail. Kasey has valuable advice on transforming your restaurant into a lucrative venture. Kasey will discuss the cost of a menu item, labor costs and the vital role culture plays in business success. Her book is available now, and the workbook is coming out shortly. Get a copy and see how profitable your restaurant can be. IN THIS ...
Jun 29, 2023•17 min•Season 1Ep. 127
Kasey Anton, the author of Profit First for Restaurants and founder of Spark Business Consulting, shares her thoughts with Danielle about analyzing your business's profitability. Her bottom line is to return to the basics. Reviewing your original business plan or bank statements can be an eye-opener on why your business thrives or is in trouble. Kasey will talk about her book, which is out today, and she also has some ingenious marketing ideas you won’t want to miss. IN THIS EPISODE: [01:59] Kas...
Jun 27, 2023•31 min•Season 1Ep. 127
Danielle reveals her brilliant insight that has the potential to enhance your bottom line. Many clients desire a comprehensive project solution. Have you considered expanding your services to simplify the process for your client? Try integrating "Done For You Services" into your offerings. Clients are willing to pay more for a job fully complete. Danielle gives you an example of just how easy this can be. IN THIS EPISODE: [00:25] Danielle talks about designing the programming around the next boo...
Jun 20, 2023•23 min•Season 1Ep. 126
In today's episode, Billie Anne Grigg, a distinguished Chief Profit First Profession Guide, joins Danielle as they address listeners' questions about Profit First. Together, they delve into properly categorizing expenses and ensuring they are allocated to the appropriate accounts. Additionally, they tackle the often daunting prospect of raising prices. While this may seem intimidating for small business owners, they emphasize that it presents a unique opportunity to emulate the strategies employ...
Jun 19, 2023•22 min•Season 1Ep. 125
Danielle will be presenting an episode on the effective recruitment of five-star employees. Managing payroll is a significant expenditure, making it crucial to avoid errors in this vital aspect of your business. Hiring the right employee doesn't have to be a guessing game. There are established structures and principles that can assist you in selecting the ideal candidate for any position. Additionally, Danielle offers a complimentary download for a brief four-minute exercise that serves as a li...
Jun 17, 2023•26 min•Season 1Ep. 124
Join us as we hear from Jeff Wickersham, an accomplished author, coach, and podcast host, who generously shares his firsthand encounter with the Profit First system. Jeff enthusiastically describes it as a "Game Changer" for his businesses, highlighting a surprising realization that a venture he believed profitable was experiencing financial losses. Additionally, Jeff introduces us to his podcast, the Morning Fire for Entrepreneurs, where he dives into the power of mindset and the transformative...
Jun 16, 2023•29 min•Season 1Ep. 123
In today's discussion, our primary focus is on the Business Hierarchy of Needs, specifically highlighting the Impact Level. Previous podcasts have already explored the Sales Level, Profit Level, and Order Level, all of which are accessible for you to listen to. Now, we focus on the Impact Level, where Danielle will delve into five distinct sub-topics within this domain. These areas are essential and directly influence your business, employees, and the community. Don’t overlook this crucial aspec...
Jun 15, 2023•21 min•Season 1Ep. 122
In today's episode, Danielle is joined by Jake A. Carlson, who shares his journey with Profit First and provides information about his Modern Leadership podcast. Jake delves into the practical implementation of the Profit First account system in his businesses, even going beyond the standard required accounts. He presents fascinating examples of the system for profitability and cautions against common pitfalls. Additionally, Jake reveals his five leadership superpowers and offers a complimentary...
Jun 14, 2023•30 min•Season 1Ep. 121
Today is a dedicated episode for questions and answers, where Danielle addresses the most commonly asked questions in depth. Profit First's guiding principle is "When in doubt, add an account." Therefore, we will discuss essential accounts that every business should have and additional accounts for specific scenarios. We will also tackle inquiries related to actual revenue, compensation for owners, distributions, and how to allocate these funds. Moreover, you will gain insights into evaluating a...
Jun 13, 2023•24 min•Season 1Ep. 120
In the latest episode of Profit First Nation, Danielle unveils the Five-Star Retention Strategy and emphasizes the importance of wholeheartedly adopting this approach for any thriving entrepreneur. Throughout the episode, she will provide a comprehensive breakdown of each strategy, revealing the top three desires of employees. As a business owner who has effectively established your company, it is crucial to shift your attention towards nurturing your workforce. Get ready with a pen and be prepa...
Jun 12, 2023•30 min•Season 1Ep. 119
In this episode, we welcome back renowned business author and speaker Mike Michalowicz as we discuss crucial financial strategies for businesses. We explore how to make a transformation like moving from one business bank account to five, we also delve into the power of the Pareto Principle when it comes to managing your customer roster and maximizing profitability. Plus, we offer expert advice on how much to keep in your financial vault account for OpEx, and where and how to open your five core ...
Jul 29, 2022•29 min•Season 1Ep. 118
In this episode, we explore the powerful concept of abundance mindset and how it can help you unlock infinite opportunities for profitability. Our expert guest breaks down a checklist to help you get the right framework in place to achieve your financial goals. Plus, don't miss our special bonus resource - the Reverse Engineer Calculator Based on Owner’s Pay, available exclusively at www.ReverseEngineerCalculator.com . Tune in now and learn how to cultivate a mindset of abundance to maximize you...
Jul 26, 2022•21 min•Season 1Ep. 117
He discusses how he transformed his business from one that was struggling to make ends meet to a permanently profitable one. By following the Profit First framework, Joe is now able to work on his business instead of being a slave to the grind.
Jul 02, 2022•27 min•Season 1Ep. 116
In this episode, Danielle Mulvey and Chief Profit First Professional Guide, Billie Anne Grigg, dive into the world of credit leverage and how it can be used to earn points and rewards while staying financially responsible. They also discuss the pitfalls of going credit crazy and offer tips and strategies for mastering credit leverage with Profit First. Make sure to check out www.SecondHalfStrong.com for exclusive live programming to boost your profitability with 1:1 Coaching, Strategic Advisory ...
Jul 01, 2022•22 min•Season 1Ep. 115
Learn how to consistently build your dream team using The 5-Star Employee Rating System(TM), a powerful talent evaluation system. With a 90% hiring success rate, this system is essential for attracting and retaining 5-Star Employees. In addition to The 5-Star Employee Rating System(TM), discover four other secrets that are simple to implement with the right intention. Unlock the secret to building a winning team today!
Jun 16, 2022•21 min•Season 1Ep. 114
Plus, listen closely and count how many times Felicia mentions her amazing Mastery-Certified Profit First Professional, Venus Michael! Don't miss this inspiring episode on achieving financial success in your business.
Jun 11, 2022•30 min•Season 1Ep. 113
Join us as we explore the secrets to mastering the power of planning and achieving your goals. Don't miss this episode on taking control of your life and achieving success.
Jun 02, 2022•25 min•Season 1Ep. 112
Rejoice! NorthOne, the bank that embraces Profit First, is here to automate your Profit First allocations. Join co-founder and CEO, Eytan Bensoussan, as he walks us through how to use NorthOne's sub-account envelopes to streamline your Profit First system. With NorthOne, you can open your account from the comfort of your own home in no time at all. And as a bonus, Profit First Nation listeners can get a $50 bonus when they open their NorthOne account using the link provided. Don't miss this epis...
May 27, 2022•27 min•Season 1Ep. 111
Join us as we dive into the finer details of Advance Profit First applications. Discover how to calculate Real Revenue when COGS (Materials) and/or Subcontractor costs account for 25% or more of your total sales. Plus, as a bonus resource, learn how to complete the Reverse Engineer Calculator based on Owner's Pay to get your business on an accelerated path to profitability. We also answer more of your burning questions about Profit First. Don't miss this episode on taking your Profit First syste...
May 20, 2022•22 min•Season 1Ep. 110
Learn how to tweak your job postings, woo candidates, and go all in on your recruitment efforts to repel 1, 2, and 3-Star Duds. Remember, settling for less than 5-Star Employees can kill your profitability.
May 19, 2022•26 min•Season 1Ep. 109
Discover the secrets to their success and learn how you can apply their strategies to your own business. Don't miss this episode filled with real-life stories of triumph and inspiration.
May 10, 2022•25 min•Season 1Ep. 108
Discover the secrets to developing a healthy money mindset and learn how to apply practical principles to your financial planning. From managing your cash flow to cultivating a mindset of abundance, Wendi shares her expert insights and strategies for success.
May 09, 2022•29 min•Season 1Ep. 107
From Minimum Wasted Effort to Role Alignment to Linchpin Redundancy and more, discover the secrets to optimizing your Order level and moving up the Business Hierarchy of Needs. Plus, we challenge you with 17 specific opportunities to fine-tune your Order level and achieve optimal performance.
Apr 21, 2022•25 min•Season 1Ep. 106
Apr 15, 2022•25 min•Season 1Ep. 105
Learn how Tracy applied Profit First principles to achieve financial success and create a business that supports her dreams and passions. Don't miss this uplifting and informative episode filled with practical tips and insights for building your dream team and achieving your entrepreneurial goals.
Apr 08, 2022•30 min•Season 1Ep. 104
Mar 31, 2022•20 min•Season 1Ep. 103
They acquired a laundromat thinking they were fulfilling Hastin’s childhood dream of owning a laundromat, but the struggle was more the tale of a nightmare. They were bleeding cash, and expenses just seemed to increase month over month. After reading Fix This Next and Profit First, Taylor and Hastin took the Fix This Next Assessment and connected with Danielle. Taylor attributes their turnaround in less than a year to MAGIC, but it really was just their commitment to doing Profit First RIGHT....
Mar 25, 2022•29 min•Season 1Ep. 102
Mar 17, 2022•23 min•Season 1Ep. 101
Celebrate our 100th episode with us as we serve up an "FAQ Buffet" covering a wide range of topics important to entrepreneurs. From handling reservation deposits to paying personal liabilities like child support, we'll answer your burning questions and offer insights and strategies for success. Plus, don't miss our special invitation to a live webinar event on Thursday, March 24th at 1pm PT / 4pm ET. Tune in and join the feast!
Mar 10, 2022•24 min•Season 1Ep. 100
Your employees can make or break your business, so why settle for average or worse? Join us as we show you how to go ALL IN on recruiting, hiring, and retaining 5-Star Employees and build your Dream Team. We'll guide you through the process of avoiding the seven most common hiring mistakes and give you the tools you need to succeed. Don't miss out on this essential episode for any entrepreneur looking to take their business to the next level.
Mar 03, 2022•27 min•Season 1Ep. 99
