The Profit First Podcast

Tasha Scott's business is on the brink of a critical decision, does she continue with what she has been doing for 14 years and keep the current business growing, or does she go after her new passion and purpose in life? Today, we discuss a specific strategy to navigate through the situation, where she comes up the most profitable and happiest!

Jonathan Pototschnik discusses the difference between working in the business vs. on the business and how to make the transition. Jonathan argues the importance of getting to working on the business but also the dip in income you will experience during the process and how to navigate through it. Learn how to gain financial freedom and time freedom, the perfect combination for profitability.

Vickie Musni explains how understanding the personalities of yourself, your employees, and the people you sell to can dramatically increase your profitability. In this episode you will discover how to quickly evaluate the personalities of people – even if it’s just over the phone – so that you can provide better service to them and skyrocket your profitability.

Kaman owns an amazon seller business where he sells different products from golf items to toys. His business is implementing Profit First and Mike Michalowicz gives Kaman a few strategies to increase profitability, also explaining that cutting costs can only get you so far; there’s only a little bit of cost cutting that can be done effectively before it hurts the business… but there’s an opportunity in Kaman’s case to become specialist. We also share a really unique strategy to start capturing emails of people who buy through the amazon platform.

Jason & Jodi Womack, Authors of Get Momentum: How To Start When You’re Stuck, join Mike Michalowicz and Chris Curran to talk about the importance of momentum in the workplace. Jason & Jodi discuss how having a business partner who is the polar opposite of you can be both your biggest strength and your Achilles heel, depending on how you choose to use both of your skills. They also challenge us to try the 30/30 rule: Work 30 mins/day on something that’s 30 days or more away. If you don’t have time to prioritize building profitability into your business now, what makes you think you’ll have time to do it later?

Jacqui Rosshandler discusses how she chose to innovate and find new products outside of her industry and what her “Aha!” moment was. We also touch on lessons learned in the process of how to launch a product-based business that gets into mainstream stores, AND how to do it profitably throughout. 

Greg Wittstock is the founder of Aquascape Inc. and turned a hobby $60 Million dollar company. Greg talks about the rise of his business, the challenges they faced, and how they ensure profitability today.

Business owner Greg Eisenbeis is now facing a fork in the road on what’s been making money for him up to this point, but his excitement has faded away… and now he’s looking to start a new business that can be a game-changing concept for the world. Greg has found an interesting question to ask himself to determine if he should take the risk of starting this new business or to stick to what’s already made money: 5 years from now when he sits down with his kids, will he be proud of what he’s doing and proud to be sharing it with them? Join Greg on his quest for starting a new business and the decisions he’s facing.

Welcome to this very special bonus episode of the Profit First Podcast! Mike Michalowicz gives you two bonus audios of his new book, SURGE (Separate, Unify, Rally, Gather, Expand) – one is the introduction to the book and another is the entire first chapter, all for free.

Dr. Zarik Boghossian shares his personal story of being born in Iran and moving to the US, the hardships he faced because of his accent, having no money and how he moved on to successfully develop a software that does the flight navigation for the international space station.

David Lauterstein runs a $3.2mil retail outlet called Nasty Pig – but that doesn’t mean he’s been profitable! David has implemented Profit First and experienced a turn in his business; we coach him through a couple tips on how to take his business to the next level. Sometimes, bigger questions get bigger answers – and that’s exactly what we guide David through.

Dr. Rob Garcia explains his life story of how he navigated out of an adverse upbringing and was able to make a extraordinary success of himself. Chock full of tips and strategies that are applicable to any entrepreneur of any level, regardless of your background.

Chris Curran, our rockstar engineer and Profit First Podcast producer about how some of these ideas came to him as he was producing the show… and how his own business has exploded as a result of implementing profit first and some other strategies! Gain some cool insights, plus hear us play a little song for the first time in studio – we didn’t rehearse (we apologize in advance) but we belted out “Here’s To Us” by Halestorm.

WARNING: this episode contains references to spiritual and biblical beliefs… and if that scares you off it’s unfortunate. Edwene Gaines talks about the concepts of her book, The Four Spiritual Laws of Prosperity: A Simple Guide to Unlimited Abundance. Whether you share these beliefs or not, the rules and guidance you will gain in the next 38 minutes are irreplaceable; Listen in, enjoy, and be prepared to awaken the knowledge you already have inside you to achieve another level of profitability!

Caitlin implemented Profit First and found that her business was not going the way that she anticipated… so she shut it down and decided to start up a brand new business. On this episode we coach Caitlin through a proper and quick shutdown of what’s not working, and explain how to ramp up a new business – and do it in a very successful way even you don’t have a penny to spend.

Denny Krahe joins us to talk about the importance of fitness when it comes to the profitability of  your business. We explore how you can implement fitness regardless of what your work schedule is… and the reason why you have no excuse! Plus Denny shares some cool tips and tools you can use to get healthy – at the end of the day it’s very clear that the more fit you are, the higher your energy is and the more profitable your business will be.

Mike Agugliaro shares how he started a small electrical contractor/plumber business and grew it into a massive home service company that now generates more than $32 million in revenue. The secrets to his success aren’t necessarily what you’d expect… a moment of exhaustion resulted in an explosion of growth. Additionally, Mike shares insights on how he started another business for coaching that plays into his passion. By being his authentic self it attracts customers that resonate with him, growing his coaching business into a wildly profitable one in only a few years.

Today, President of Stratford Financial Group, Jeffrey Ingalls, joins us to discuss the different insurance requirements businesses have, when you need it vs. when you don’t, and the key to doing it profitably. Many people in the past would go for the best insurance at the cheapest rate, or the most benefits at the cheapest rate… but that’s no longer the way to success. Jeff outlines a strategy to reduce your costs, yet meet your obligations AND come out profitable. Welcome to Episode 84 of the Profit First Podcast!

Michael O’Neal, host of the The Solopreneur Hour Podcast, shares the different sources and outlets he used to generate money for his show. Michael dives into his implementation of Profit First in his business – and how he’s experienced an immediate, new realization about his profitability. He also asks some great questions on how to take his profitability to the next level. Welcome to Episode 83 of the Profit First Podcast!

Success coach Jen Sincero unexpectedly takes Kristina through a coaching session on her passion in opera singing, sharing tips like “it’s normal for humans to be afraid of change, but we need to live into our fear to start to grow, expand and live the life of a badass.” One of the most powerful questions Jen asks is “if there was a gun put to your head… if your life depended on it, would you do it?” We have to realize, that our life DOES depend on this decision – you just have to give yourself permission to do what your heart desires. Welcome to Episode 82 of the Profit First Podcast!