Profit shouldn’t be what’s left over. It should be what you decide comes first.
This episode is your permission slip to celebrate even the tiniest profit, because tiny adds up fast when it’s backed by consistency and intention. Today, Katie gets real about Profit Distribution Day, starting with just $112 and the mindset shifts that made it meaningful for her. She walks you through how to treat that 1% like the powerhouse it is, what NOT to do with your profit, and how this quarterly ritual can reshape your entire relationship with money.
Whether you’re just starting Profit First or you’ve been ghosting your profit account for a while, this is your nudge to take action and start small, but start strong.
In this episode of Profit First for Tradies, you’ll learn the following:
- What Profit Distribution Day is (00:01)
- Why 1% matters more than you think (00:27)
- What to do with the money, how to split it, and why it shouldn’t go back into your business (02:49)
- Profit First as a mindset, discipline, and celebration (07:00)
- The Vault account explained (08:27)
- Why you need a proactive accountant in your corner (09:36)
Ready to celebrate your first profit, even if it’s just $20 and a cupcake? This episode proves small wins are worth more than you think.
Take the first step. Make it a habit.
QUOTES
“Start with 1% of all income coming into your business, and put that into your profit account each and every time you have income coming in. Now if you have income coming into your business multiple times a week, choose a day, tally up what’s come in, and move 1% aside. If you don’t feel like you know that you’ve got enough in there for anything important (like me, I had $112), please still do the transfer. It’s really important to get into that habit.” – Katie Crismale-Marshall
“We don’t have a magic wand, but having a clear goal in place for those profit distributions make it easier to stick to, make it easier for us to get our mindset right around our business, and make it easier for us to make a difference in our business sooner.” – Katie Crismale-Marshall
RESOURCES
Profit First by Mike Michalowicz
CONNECT WITH KATIE CRISMALE-MARSHALL