Profit First Online Course Now Live!

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. 

• 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

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

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

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

"I really enjoyed Mick's presentation. He has a great way of explaining things and answering questions that makes me understand and motivates me to change the way I do things."
 

"Structured well, easy to follow....  didn't have to leave home."

"Great topic that was very timely and needed in my practice." 

"Both the handouts and the practice X-Cel document really helped me follow the presentation. One of the best presentation that I have seen. Thank you, Mick for being so thorough!!!" 

"Having read the book previously I had questions that truly prohibited me from implementing. Having the opportunity to ask someone questions was amazing. I love having your contact information to be able clarify further in the future." 

"Being able to do it in the comforts of my home, I thought the presenter did a good job covering the material and seemed truly excited about it."

"I really appreciate that the course not only taught me about the concept and how it can help my business, but also gave me the tools (supplemental spreadsheets) that make it easy to implement in my practice." 

"Well explained and organized format. You are a great instructor." 

"This is my second time taking it and I completely missed the "Eradicating Your Expenses" part last time. I don't recall it what-so-ever. The whole thing makes much more sense this time. Let me know when you have it again, I'll hopefully have implemented more and could retain more yet!"

"I liked that there were real life examples of how to run the numbers. I was confused about why owner's comp and the operating expenses accounts were separated and how to run payroll, but everything was explained in detail and made a lot of sense. I was also confused about why we should have separate profit and tax accounts plus profit hold and tax hold accounts and now I understand why. I have been slowly implementing Profit First into my practice and this course provided the clarity I needed to completely run my practice 100% with this strategy. I also loved that the excel spreadsheets were provided. That was a huge help and I've already been crunching the numbers and adding my own categories to the spreadsheets. This course provided clarity and made me feel excited that there is a sure fire way to get out of debt and stop worrying about finances. It takes discipline, but I can see how and why Profit First will work for me in the long run. Thank you, Dr. Kling for doing this seminar."