Profit First Live Web Course - Sept. 11, 2020

Profit First is a  unique, pay yourself first cash flow management system which allows you to work with your existing habits of running your practice. There are no complicated  accounting methods to learn, just a simple, common sense approach to managing your money. 

September 11, 2020

9am - 12 pm PST / 12pm - 3pm EST

• How to improve your practice profitability... immediately
• The Profit First strategy and why it works
• The four core principles of Profit First
• How to set up your business bank accounts (so you know what's really going on with your cash flow) 
• How to properly allocate for profit, owner's compensation, taxes and operating expenses
• How much to pay yourself...and how to get a raise!
• How to ensure there's always money to pay your taxes
• How to eradicate unnecessary expenses in your practice
• A customized Profit First plan for your practice...and so much more.

• All Course Materials Including Downloadable Course Workbook
• The Instant Assessment Tool - Where To Start
• A Profit First One-Year Profit Plan
• Profit First Allocation Calculator
• The Execution Checklist
• A customized Profit First plan for your practice

9:00am      Welcome and Introduction

9:05am      Part 1: Introduction to Profit First

• The State of America/ Small Business Survival
• The Cash Flow Pinch
• Choosing Profit
• Bank Balance Accounting
• Reengineering the GAAP Equation
• The Four Core Principles of Profit First
• Creating Your Accounts
• Making Allocations
• No Temptation Accounts
• Creating A Rhythm
• Putting It All Together

9:50am     Break

10:00am   Part 2: Putting Profit First Into Action

• Performing The Instant Assessment
• Determining TAPs
• Determining CAPs
• Making Allocations
• Naming Your Accounts
• Quarterly Distributions Of Hold Accounts
• Creating A Debt Snowball
• Eradicating Your Expenses 
• Dealing With Loss Aversion

10:50am    Break

11:00am    Part 3: Utilizing the Profit First Tools

• The Profit First Course Handout
• The Profit First Action Plan
• Profit First Spreadsheet Tools
• The Execution Checklist
• The Instant Assessment
• CAP/TAP Profit Plan
• Allocation Calculator
• Eradicating Expenses Guide

11:30am    Q&A: Where To Start

12:00pm    Course Conclusion