The Downside of “Profit First” for Small Business

It’s no secret that I LOVE the Profit First method. But there is a downside to “Profit First” that not enough of us are talking about.

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PROFIT FIRST BOOK:
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Profit First by Mike Michalowicz did for me just what it promised - it transformed my business from a cash-eating monster to a money maker. It helped me make sense of small business finances and small business budgeting. And it helped me increase profit.

In the short term. But it won’t teach you how to start a business, how to grow a business, or how to scale a business. In fact, it could hurt those things. Because it’s just going to teach you business budgeting with an eye on your profits.

Here’s what you need to know:

0:00 - Intro
0:25 - Profit First Accounting Overview
1:35 - The Upside of Profit First
4:17 - The Downside of Profit First
5:10 - The Solution


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I’m Tara Wagner, Breakthrough coach and lifelong entrepreneur. I help female entrepreneurs get their heads, their hearts, and their habits straightened out, so you can take back your time, make more money, and finally crush your goals, not your soul. Looking for mindset and business coaching?

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Everything I share here or through my website are for entertainment and inspirational purposes only. All advice should be undertaken at your own discretion, because you’re a smart cookie who can make your own decisions. Affiliate links may be included and are noted as such. By watching or subscribing you agree to use the common sense discretion outlined in painful detail here: xotara.us/disclaimer