HOW PROFIT FIRST CAN TRANSFORM YOUR BUSINESS!

Profit First isn’t an accounting system—it’s a cash management system designed to help you take control of your money, eliminate debt, and finally pay yourself what you deserve.

In this video, I’ll break down how it works and why it’s a proven method for building a profitable, sustainable business.

The Profit First Approach

SALES - EXPENSES = PROFIT

The GAAP (Generally Accepted Accounting Principles) formula for determining a business’s financials is Sales – Expenses = Profit. It is simple, logical and clear. Unfortunately, it’s a lie. The formula, while logically accurate, does not account for human behaviour. In the GAAP formula your share is a left over, a final consideration, something that is hopefully a nice surprise at the end of the year. Alas, the business and you continue on your cheque to cheque survival.

SALES - PROFIT = EXPENSES

With our method, you flip the formula to Sales – Profit = Expenses. Logically the math is the same, but from the standpoint of the entrepreneur’s behaviour it is radically different. With this method, you take a predetermined percentage from every sale first, and only the remainder is available for expenses. This means more money in your pocket from the moment you change.

You don’t have to be a math whiz or accountant to make this work—just follow the system and watch your profits grow.

WHY JKM STRATEGIES?

Download a Preview of the Profit First Book

I had the pleasure of working with Janet on implementing the Profit First system for our business. It was a truly a positive experience. Janet is highly responsive, committed, and an excellent communicator. I highly recommend connecting with Janet.

Pino Adessa ● The Staffing Alternative

Janet is an incredible professional who is fully invested in helping you with the growth of your company. She is knowledgeable and very personable. I am very happy working with Janet and I highly recommend her company.

Eduardo Ventura ● Class Act Studios

Janet takes a highly emotional topic and approaches it with respect, empathy, and compassion.
She calmed me down, helped me establish a system for my cash flow, and better prepared me for upcoming conversations around money.
I would highly recommend JKM Strategies for small businesses, especially for health and fitness professionals like myself.