Profit first system for business success

Episode 233 January 13, 2025 00:35:49
Profit first system for business success
Entrepreneurship by Design w/ Dr. C
Profit first system for business success

Jan 13 2025 | 00:35:49

/

Hosted By

Dr. Caroline Iscovitz

Show Notes

In this episode, we dive into the powerful Profit First methodology with Rocky Lalvani, Chief Profitability Adviser for business owners. Rocky shares how shifting the traditional accounting formula of Sales - Expenses = Profit to Sales to Sales - Profit = Expenses transforms businesses by putting profit first. A certified Profit First Professional, Rocky helps entrepreneurs implement this system to ensure they get paid and prioritize profitability- without sacrificing people or values. 

Rocky's story is one of resilience and inspiration. As the child of immigrants who came to the U.S. with nothing, he learned the value of hard work and determination early on. Despite facing personal loss and challenges. Rocky achieved financial and life success and now empowers others to achieve their dreams faster.

What You'll Learn in This Episode

Why the Profit First formula works and how it ensures profitability.

How to align your business values to prioritize people over money.

Rocky's journey from humble beginnings to financial success.

The importance of mindset in building a profitable and sustainable business.

Actionable steps to implement the Profit First systems in your business.

Key Takeaways

Profitability starts with mindset: Profit isn't the leftover- make it the priority!

People Over Profit: Long-term success comes from balancing financial goals with relationships.

Start Small, Think Big: You can begin applying Profit First principles in small, manageable steps.

Inspiration from Rocky's Journey: Learn how overcoming adversity can fuel your entrepreneurial success.

Tune in now!

Whether you're struggling to pay yourself as a business owner or looking for strategies to make your business more sustainable, this episode is packed with wisdom and actionable advice. Don't miss it!

Connect with Rocky:

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Facebook

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