In the first video, we went over the basics of what the Profit First system is. This video goes over how to implement Profit First in your own business.
To do this, you’ll need to set up five bank accounts to help manage your spending and your transactions. Though this sounds complicated, the payoff in peace of mind and improved profit will be worth it.
Once implemented, Profit First is easy to keep track of. Watch the video for more information on the implementation process.