The Profit First Podcast

Can a business give back to the community and actually be more profitable as a result. On this episode with Denise Blasevick of the S3 agency explains how they implemented a new service called SFree where they are giving their services away for free.  Sure enough the business is experiencing all the elements that bring profitability: greater employee retention, more enthusiasm about the business, word-of-mouth referrals, and new business is starting to flow in, all because they started to give away some services for free.

What if you're fearful of implementing Profit First? You're so close to doing it, but just can't do it. On this episode with Scott Mulvaney, an entrepreneur of three different business offerings, who's almost on the brink of implementing Profit First, but has been sitting there for a long time.  Mike works one-on-one with Scott on getting him started and making sure his businesses are permanently profitable from today forward.

We follow the remarkable journey of a small business owner of a Brazilian jiu jiutsu academy who was on the verge of giving up after 24 months of an average income of a $100 a month, it was clear he was going to fold the business.  By chance he discovered Profit First while exercising with a friend and within 11 months he experienced growth that has resulted in a personal income of over $7000/month, plus profit, plus money reserved for taxes.

What if your business got ripped off and substantial amounts of money were taken away and you didn't even know.  Robert Hartline went 3 years and had $300,000 stolen from his business and he didn't even know. Until one day just by chance he discovered that he had an employee working for him that he didn't even recognize, it wasn't an employee and that uncovered an embezzlement that had been going on for 3 years. In this episode learn how Robert was able to get law enforcement involved, save his company, recover the money, and send a bad person away.

Jeff McMenamy talks about implementing Profit First in his business and the surprises it brought to him.  He has actually grown his business faster as a result of profitability.  He has been able to accomplish a life dream of his of setting up a garage and an apartment at his cabin house and many more things.

Believe it or not there is a hustle to chill ratio. Ariane Trelaun explains that hustling all the time is not the right solution. It's talked about, but perhaps there's something that can drive even more profitability and it's this awareness of your profit to chill ratio. Discover the 5 elements that can make it a reality for you and achieve profitability by chilling.

Ed “Skip” McLaughlin walks us through the ten commandments of profit and explains how these 10 critical components of profit guide you to identify weaknesses in your business that can be fixed, opportunities that can be improved upon and even be a filter for not profitable business to get back on track... starting now.

You can generate tremendous profits in short periods by leveraging celebrities. Sarah Shaw walks us through a method of connecting with the right celebrities that compliment our product and get our product or service in front of them and leverage that relationship to build our brand and generate the highest levels of profitability.

Jason Spencer shares how your entertainment business or your business as an event professional can be more profitable by using Profit First. Jason explains where entertainment businesses unintentionally waste money and compromise their profits and gives some specific steps to making your business more profitable.

Tess Wicks explains how Profit First can be applied to start-up businesses. A lot of businesses start up and believe they have to put all of their money back into the business until one day it can be profitable.

Mark Hunter explains, from his experience, how top-talent can drive profitability in the business, can make the business itself grow faster than ever, all while having employees who are thrilled to work for an organization and are compensated at the top of the market for the work that they do.

A top-performing employee can perform, according to Dr. Sabrina Starling, 900-1200% better than a warm body and as a result you need fewer employees, you need to offer fewer benefits, reducing your overall payroll costs substantially and you have fewer mistakes so you have greater efficiency. Higher the best employees and you have the best profitability you'll ever experience.

Stanley Genadek argues that there is one marketing platform that actually pays you to market your business. The platform is YouTube.  Stanley outlines the basics to building your YouTube platform for subscribers, for exposure and even to the level that you will make money while advertising for your business.

Elizabeth Barry talks about the power of personal brand development through storytelling.  Stories about your business can and should evolve over time to keep your audience always engaged.  As Elizabeth says, if you can’t tell it you can’t sell it. That’s how important storytelling is and there is no question that storytelling is a main driver of profit.

Sally Hogshead talks about how to make your personal brand fascinating, so fascinating that it will drive the highest level of profits to your business. You are about to find out why people pay for not what you do, but for who you are. Plus hundreds of other tips shared by the fascinating author.

Constance Moonzwe talks about that moment where everything in your life changes and your life’s future and your business’ future changes in a second, how do you navigate that. Constance shares that her husband passed away in a car accident in 2014 and the next the next morning she was the owner of a business and had to deliver services to her clients.  She was able to do that and turn her business from a struggling business to a $6 million+ success and is still growing.  She shares her secrets to growing a profitable business even when your life changes on a dime.

Nick Gianoullis explains how fun in your office drives profitability.  Simple techniques to make your business be a fun place to work, have employees come in excited to be there and drive profit the whole time.

Susan Lassiter-Lyons talks about how to raise money for your real-estate business and why those big banks may, in fact, not be the best choice. She explains alternatives such as local banks, private investors and some other sources. She also guides us on how to make your real estate business by adding tack-on-benefits. You don’t make money just through rental income; there’s other things you can do through property.

Ariel Hyatt talks about how to run a profitable crowdfunding campaign. Ariel is the author of a book called a Crowdstart:The Ultimate Guide to a Powerful and Profitable Crowdfunding Campaign and shares the necessary elements in creating a campaign that will bring revenue and profit to the business.  The big hint is that you need to prepare for the campaign well in advance.  The campaign is just the icing on top. Discover all the elements necessary to have your successful and profitable campaign.

AJ Harper explorse how to write a book that will be profitable because it has impact on your readers.  You are not about to discover the 20-minute method for how to write a book. Instead you are about to discover the method to writing a book that has permanent impact and will bring permanent profits to you.