PROFIT FIRST BLOGS

How A Profit First Business Coach Can Increase Your Business Profitability

If you are looking for advice on how to grow your business then working with a business coach makes perfect sense. They are often seen as experienced entrepreneurs who can help guide business owners to meet their goals for sustainable growth. They also provide a great sounding board for difficult or risky decisions. However, a […]
What A Profit First Accountant Does

What A Profit First Accountant Does

Engaging an accountant to help manage your taxes and compliance work will give you more clarity and confidence when it comes to the financial stability of your business. The difference between a regular accountant and a Profit First Accountant is that the latter is certified in the Profit First methodology, meaning they proactively help you […]
How Profit First Bookkeepers Boost Business Profitability

How Profit First Bookkeepers Boost Business Profitability

Outsourcing the management of your money and books to an expert makes sense not only for the financial health of your business, but it is also going to save you time. When you work with a Profit First Bookkeeper you are engaging a certified Profit First Professional who can help you achieve financial stability and […]
angus morrison

Meet Angus Morrison from Morrison ABS

Angus Morrison is a qualified Chartered Accountant, Registered Tax Agent and Certified Profit First Professional. His business, Morrison ABS is based in Mentone, Victoria, but he works with a range of clients all around Australia.
How does Profit First work with an overdraft?

How does Profit First work with an overdraft?

Please note: The approach outlined below is applicable to the majority of businesses and industries that are currently using overdraft as a cash flow buffer. However, Farming and Agribusiness overdrafts are treated slightly differently to the approach presented in this article. Please consult with a Certified Profit First Professional for expert guidance for your industry, […]
apply-profit-first-to-my-business

How do I apply Profit First to my business?

So you may have read the book, or a few blogs, or attended one of our webinars… and you’re ready to give this whole Profit First thing a crack. But you’re wondering, “how do I apply Profit first to my business?” Where do you start? How do you apply Profit First to YOUR business? Firstly […]
sustainable-and-profitable

The 4 Essentials That Make a Business Sustainable and Profitable

SMEs (small to medium enterprises) are vital to the Australian economy. They contribute to 57% of Australia’s GDP (gross domestic product). And as we know, going into business has a very high failure rate. In fact, over 50% of Australian SMEs have only been in business for 10 years or less. Further to this, only […]
profit first

Is Profit First right for your business? Here’s how to tell

If you’re a small business owner, you already know the ugly figure that haunts new businesses: two to three years. That’s how long it takes the average new business to start seeing a profit. It makes sense: running a business is expensive. Nearly every new business is founded already in debt, and it takes a […]
debt-repayments

How Much Are Debt Repayments Really Costing Your Business?

Quick question: how much money does your small business spend on debt repayments every month? Is that number higher than you’d like it to be? You’re not alone. Unless you’re independently wealthy or have the backing of an angel investor, your small business probably needed a loan to get off of the ground. On top […]
Najma Khan

Meet Najma Khan from La Trobe Bookkeeping

Craig Minter is a husband and a father, who loves to travel and loves soccer. Craig started CD Mints Consulting about 6 years ago, he decided to take a step out of a professional career to create a lifestyle for his family.
Craig Minter

Meet Craig Minter from CD Mints Consulting

Craig Minter is a husband and a father, who loves to travel and loves soccer. Craig started CD Mints Consulting about 6 years ago, he decided to take a step out of a professional career to create a lifestyle for his family.
Tracy Sellers

Meet Tracy Sellers from Ironbark Industries Bookkeeping

Tracy has been a bookkeeper for nearly 20 years and is the owner of Ironbark Industries Bookkeeping. She began using Profit First about 12 months ago. She immediately saw the benefits of using Profit First and 6 months later decided to become a Profit First Professional so that she could share these same benefits for business success with her clients.
Caroline Smith

Meet Caroline Smith from Jackadder Business Consulting

Caroline Smith started her business Jackadder Business Consulting to help businesses improve how they ran their business and their processes. She soon realised that the number one area most people needed assistance was with finances. So she became a BAS agent and began offering bookkeeping services. She realised that when you offer bookkeeping services people are asking about how they can grow their business and how can they become more profitable.
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