The 5 Critical Jobs of Profit Every Small Business Owner MUST Know

Videos mentioned:
Saving for Taxes: An Essential Guide for Your Business:    • Saving for Taxes: an Essential Guide for y...  
Owner's Distributions for Taxes:    • Owners Distributions for Taxes  
How to Pay Estimated Taxes:    • How to pay estimated quarterly taxes to th...  

Profit is more than a line on a P&L. It has five essential jobs that determine whether a business can grow, stay stable, and navigate cash demands without stress. This breakdown explains how profit covers taxes, owner distributions, debt repayments, reinvestment, and long-term savings.

Understanding these jobs transforms the way service-based businesses make decisions, plan cash flow, and build financial resilience. Watch to learn how profit fuels sustainability—not just payouts.

In this video you will find:
0:00 – Intro: What Is Profit Really For? 0:55 – The 5 Jobs of Profit Explained 1:44 – #1: Covering Your Taxes
2:07 – #2: Cover Any Owner's Distributions
3:35 – #3: Repaying Business Debt 5:22 – #4: Reinvesting Into Your Business
6:35 – #5: Building Up Business Savings
7:14 – Key Takeaways & Strategic Flexibility with Profit
8:10 – Final Thoughts

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🌐 About Clara CFO Group:
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Learn more at https://claracfo.com

⚖️ Disclaimer:
This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.