Profit First Nation

By Danielle Mulvey and Mike Michalowicz

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Category: Entrepreneurship

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Subscribers: 31
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Episodes: 164

Description

Welcome to Profit First Nation, the podcast that helps you achieve permanent profitability in your business by taking action to implement Profit First right. Hosted by Danielle Mulvey, a Profit First expert, and Mike Michalowicz, the author of Profit First, this podcast is for the top 17% of entrepreneurs who have cash in the bank to correlate with their profitability. On the podcast, we dive into advanced Profit First strategies by sharing the honest and authentic ups and downs of being a business owner. Each episode provides information for entrepreneurs focused on taking the right steps and seeking appropriate advice from professionals in accounting, legal, tax, or other relevant areas. You’ll also hear transformational stories from business owners who have turned their businesses from cash eating monsters to money making machines with cash in the bank to correlate to their profitability by implementing the Profit First System. With a focus on intelligent entrepreneurship, Profit First Nation guides you on how to take ownership of your finances and leverage Profit First as a DIY cash management system to make your business permanently profitable. If you're a fan of Profit First and Mike Michalowicz, this is the podcast for you. Join a in on our community of successful entrepreneurs driven to be permanently profitable, with a grit and growth mindset that lets no obstacle stand in the way in pursuit of the three Ps: passion, profit, and play. https://www.profitfirstnation.com ABOUT THE HOSTS Danielle Mulvey: Danielle Mulvey is a former flight attendant-turned entrepreneur and the owner of multiple businesses doing $50-million in annual revenue. She is one of the exclusive, select group of Mastery-Certified Profit First Professionals in the world, and the go-to “HOW TO IMPLEMENT” workshop facilitator for Profit First and WSJ Journal Best Selling Author Mike Michalowicz following his keynote speeches. Danielle is currently running multiple businesses from start-ups to mature businesses with 10-year plus track records and revenues ranging from $1M to $40-million in annual revenues and is a certified numbers geek about Profit First, leveraging the DIY cash management system for small business to achieve maximum profitability. She has the ability to personally guide business owners to achieve maximum profitability in their business based on her 25-years experience of being an entrepreneur who has been there and done that. Additionally, Danielle authored the book The Rapid Read™ Guide to The 5-Star Employee Rating System™ and is currently collaborating with Wall Street Journal best-selling author Mike Michalowicz on his new book, to be released in Q1 2024, titled ALL IN: How Great Leaders Build Unstoppable Teams. https://www.daniellemulvey.com linkedin.com/in/danielle-mulvey-66a315 theallincompany.com profitfirstnation.com Mike Michalowicz: Mike Michalowicz is an entrepreneur and New York Times and Wall Strett Journal best-selling author of Profit First, The Pumpkin Plan, SURGE, Toilet Paper Entrepreneur, Clockwork, Fix This Next, and Get Different. BusinessWeek called Toilet Paper Entrepreneur a business cult classic. His books have been translated into 10 languages and Mike has had the privilege to speak on stages all over the world because of his passion to connect with entrepreneurs. As the founder of Profit First Professionals, he empowers accountants, bookkeepers, and business coaches with the tools and techniques to maximize client profitability, allowing them to uplevel from being one of the 83% of small businesses operating check-to-check and struggling to be profitabably to becoming one of the 17% of thriving and highly valuable businesses with cash in the bank to correlate to profitability. Mike also co-founded the business growth consultancy, Provendus Group, and has successfully founded, built, and sold two technology service-based companies. He is passionate about sharing his experiences and advice with entrepreneurs and sits on formal and informal advisory boards while maintaining relationships with angel and early-stage investors. linkedin.com/in/mikemichalowicz MikeMichalowicz.com ProfitFirstProfessionals.com mikemichalowicz.com/books/ MikeMichalowicz

Episode Date
Ep. 152- Play for Monopoly Control
Dec 26, 2023
Ep. 151 - Relish Your Ownership
Dec 19, 2023
Ep. 150 - Q&A Quiz Edition
Dec 12, 2023
Ep. 149 - ALL IN: Power Skills with Kelly Ruta
Dec 05, 2023
Ep. 148- Q&A: Instant Assessments with Mike Michalowicz
Nov 28, 2023
Ep. 147- Switzerland Structure
Nov 21, 2023
Ep. 146- Danielle’s Modus Operandi
Nov 14, 2023
Ep. 145- Total Revenue Minus Materials, Subs & More
Nov 07, 2023
Ep. 144- Fixing the Errors of Mishires
Oct 31, 2023
Ep. 143- Your Price Controls Your Profit
Oct 24, 2023
Ep. 142- Don’t Be the Hub
Oct 17, 2023
Ep. 141 -Seas the Day and Take Your Vitamin See
Oct 10, 2023
Ep. 140- Doing Profit First Right vs Ish: Question & Answers
Oct 03, 2023
Ep. 139- Resume Red Flags Too Costly to Ignore
Sep 26, 2023
Ep. 138- Profitable Insights with Mike Michalowicz
Sep 19, 2023
Ep. 137- The 8 Steps to Productize Your Service to Create a New Revenue Stream
Sep 12, 2023
Ep. 136- Renee’s Profit First Journey
Sep 05, 2023
Ep. 135- Unlocking Cash Flow Secrets: AI's Impact on Bookkeeping and the Power of Sharing the Pie
Aug 29, 2023
Ep. 134 - How and Why to Let Employees Go
Aug 22, 2023
Ep. 133 Bonus - Motherhood, Apple Pie and All That Happy Horseshit
Aug 10, 2023
Ep. 133 - Mastering Inventory for E-Commerce Success: Expert Tips from Certified Profit First Professional Cyndi Thomason,
Aug 08, 2023
Ep. 132 - Boost Your Business's Value and Maximize Profit: 4 Strategies to Amplify Profitability
Aug 01, 2023
Ep. 131 - Unlocking Intentional Growth: 6 Steps for Increased Profitability and Deliberate Expansion
Jul 25, 2023
Ep. 130 - Mastering Profit First: A Comprehensive Guide to Allocating Funds for Financial Success
Jul 18, 2023
Ep. 129 - How to Leverage Indeed Job posts to Attract THE BEST Applicants
Jul 11, 2023
Ep. 128 - Profit First Secrets Revealed: Mastering Initial Expenses and Achieving Profitability from Day One with Mike Michalowicz
Jul 04, 2023
Bonus Episode - Transform Your Restaurant into a Profitable Venture: Insights from Kasey Anton, Author of Profit First for Restaurants
Jun 29, 2023
Ep. 127 - Profitability Unleashed: Unveiling Kasey Anton's Insights on Analyzing Your Business and Igniting Marketing Ingenuity
Jun 27, 2023
Ep. 126 - Boost Your Profits: The Power of Done For You Services Unveiled by Danielle
Jun 20, 2023
Ep. 125: Mastering Profit First: Expert Advice on Expense Categorization, Price Increases, and Inflation Preparedness
Jun 19, 2023
Ep 124 : Recruiting Five-Star Employees: A Guide to Error-Free Payroll Management and Effective Hiring Strategies
Jun 17, 2023
Ep. 123: Unleashing the Power of Profit First: Jeff Wickersham's Journey to Financial Transformation and Mindset Mastery
Jun 16, 2023
Ep. 122: The Impact Level Unveiled: Exploring the Essential Pillars of Business Success
Jun 15, 2023
Ep. 121: Supercharge Your Business with Profit First: Insights from Jake A. Carlson's Modern Leadership Journey!
Jun 14, 2023
Ep. 120: Profit First Q&A Extravaganza: Essential Accounts, Revenue Breakdowns, and Business Evaluations Unveiled
Jun 13, 2023
Ep. 119: Unlocking Employee Loyalty: The Five-Star Retention Strategy Revealed!
Jun 12, 2023
Ep 118: Maximizing Business Profitability: Expert Tips from Mike Michalowicz on the Power of the Pareto Principle and Transformations in Banking
Jul 29, 2022
Ep. 117: Maximizing Profitability: A Checklist for an Abundant Mindset and Infinite Opportunities
Jul 26, 2022
Ep. 116: Joe Wellbourn's Authentic Profit First Journey: From False Start to Permanently Profitable Business Owner with Carbon Marine
Jul 02, 2022
Ep. 115: Mastering Credit Leverage with Profit First: Tips and Strategies
Jul 01, 2022
Ep. 114: Unlocking the Secret to Building Your Dream Team with a 90% Hiring Success Rate
Jun 16, 2022
Ep. 113: From Radiology Tech to Luxury Photographer: Felicia Reed's Profit First Journey to Success
Jun 11, 2022
Ep. 112: Mastering the Power of Planning for a Strong Second Half of 2022
Jun 02, 2022
Ep. 111: Automate Your Profit First Allocations with NorthOne - The Bank that Embraces Profit First!
May 27, 2022
Ep. 110: Mastering Advance Profit First Applications: Calculating Real Revenue and Reverse Engineering for Accelerated Profitability
May 20, 2022
Ep. 109: Attracting 5-Star Candidates: Game-Changing Recruitment Strategies for Your Business
May 19, 2022
Ep. 108: From Struggling to Successful: Entrepreneurs Share Their Journeys with Mike Michalowicz
May 10, 2022
Ep. 107: Money Mindset and Practical Principles with CPA and Mastery-Certified Profit First Professional, Wendi Hall
May 09, 2022
Ep. 106: Fixing Your Business at the Order Level: 5 Key Strategies for Success
Apr 21, 2022
Ep. 105: Advanced Profit First Strategies: Expert Insights from Billie Anne Grigg, Profit First Professional’s Chief Profit Guide
Apr 15, 2022
Ep. 104: From Accountant to Part-Time Mermaid: Tracy Jepson's Journey to Building Her Dream Team and Opening a Scuba Shop
Apr 08, 2022
Ep. 104: Dream Team Made Her A Mermaid
Apr 08, 2022
Ep. 103: Discover the Power of AI and an Irresistible Offer for Business Growth with Mark Coudray
Mar 31, 2022
Ep. 102: How Fix This Next and Profit First Saved a Failing Laundromat
Mar 25, 2022
Ep. 101: Unlocking Business Success: The Five Stages That Drive Profit
Mar 17, 2022
Ep. 100: Profit First FAQ Buffet: Answering Common Questions for Entrepreneurs
Mar 10, 2022
Ep. 99: Building Your Dream Team: How to Avoid the Seven Most Common Hiring Mistakes
Mar 03, 2022
Ep. 98: Ask Mike Anything: Tax Accounts, Non-Profits, and Hobby Businesses
Feb 25, 2022
Ep. 97: The Business Multiplier: Coudray’s Law for Profitable Growth
Feb 18, 2022
Ep. 96: Profit First Done Right: Clearing Up Misconceptions and Naysayers
Feb 10, 2022
Ep. 95: Profit First for Larger Businesses: Managing Expenses for Permanent Profitability
Feb 03, 2022
Ep. 94: 17 Fixes for Achieving Profit Level Permanently: Lessons from "Fix This Next
Jan 30, 2022
Ep. 93: Never Budget Again: A Radical Approach to Business Finance with Wendy Barlin
Jan 20, 2022
Ep. 92: From Debt to Profit: One Entrepreneur's Journey with Profit First
Jan 14, 2022
Ep. 91: Overcoming Stymies: 6 Common Obstacles to Doing Profit First Right
Jan 07, 2022
Ep. 90: Banking and Payroll for Profit First Businesses: Your Burning Questions Answered
Dec 30, 2021
Ep. 89: Ignite Your Marketing Overnight: The Power of "Different" with Justin Wise
Dec 23, 2021
Ep. 88: Reading Mike Michalowicz's Inbox
Dec 17, 2021
BONUS EPISODE: Mental Health Group Practices: 5 Key Dashboard Metrics for Permanent Profitability
Dec 17, 2021
Ep. 87: 5 Steps to Get Your Financial Game Together with Angie Noll
Dec 10, 2021
Ep. 86: Business Continuity Planning: 6 Best Practices to Ensure Operations in Any Circumstances
Dec 03, 2021
Ep. 85: Profit First Implementation: Common Sticking Points and How to Overcome Them
Nov 25, 2021
Ep. 84: Simple Sales Strategies for a Profitable Year Ahead
Nov 18, 2021
Ep. 83: The Power of Sales State: How to Maximize Your Performance and Drive Sales
Nov 11, 2021
Ep. 82: From Workshop to Bank: Setting a Record with Profit First Account Setup in 38 Minutes
Nov 04, 2021
Ep. 81: Breaking Free from the Survival Trap: How to Build a Solid Sales Foundation for Business Growth
Oct 28, 2021
Ep. 80: Profit First Q&A: Cost of Goods Sold, Debt-Servicing, and Personal Finances
Oct 21, 2021
Ep. 79: Profit = Runway = Efficiency
Oct 14, 2021
Ep. 79: Profit = Runway = Efficiency
Oct 14, 2021
Ep. 79: Profit = Runway = Efficiency
Oct 14, 2021
Ep. 79: Profit = Runway = Efficiency
Oct 14, 2021
Ep. 79: Profit = Runway = Efficiency
Oct 14, 2021
Ep. 79: Maximizing Profitability through Probability and Efficient Action
Oct 14, 2021
Ep. 78: The Secret to Maximizing Profitability: Understanding Your Return on Payroll
Oct 07, 2021
Ep. 77: Pumpkin Plan Your Way to Finding Your Business Sweet Spot
Sep 30, 2021
Ep. 76: Protect Your Business from Embezzlement with These 5 Low-Tech Tips
Sep 28, 2021
Ep. 75: Demystifying Profit First Terminology with Billie Anne Grigg
Sep 16, 2021
Ep. 74: Opt-In for Our Bootcamp and Learn How to Objectively Rate Your Employees
Sep 09, 2021
Ep. 73: Maximize Your Pricing for Profitability: The Link Between Pricing and Margin
Sep 02, 2021
Ep. 72: When, Why & How to Work with a Consultant: Insights for Business Owners
Aug 26, 2021
Ep. 71: Fixing Your Profit Level: 22 Assessment Questions You Need to Ask
Aug 19, 2021
Ep. 70: Mastering Profit First: Your Burning Questions Answered
Aug 12, 2021
Ep. 69: Oops, I Did It Again: The ALL IN Company
Aug 05, 2021
Ep. 68: Intercept Your Behavioral Paths to Achieve Financial Freedom
Jul 29, 2021
Ep. 67: The Thin Line Between Success and Failure for Small Business Owners
Jul 22, 2021
Ep. 66: Reverse Engineering Your Business Success: How Leveraging Sales Transactions Can Make a Big Impact
Jul 15, 2021
Ep. 65: Leveraging DRIP Accounts for Unearned Revenue and Seasonal Income: Tips from a Profit First Professional
Jul 08, 2021
Ep. 64: From Numbers Phobia to Financial Rockstar: Inside the Transformation Journey of Charisma Boutique
Jul 01, 2021
Ep. 63: Flipping the Script on Your Money Mindset: Tips from a Certified Life and Money Coach
Jun 24, 2021
Ep.62: Profit First Journey and Marketing Tips from Entrepreneur Brian Sly
Jun 17, 2021
Ep. 61: The Straight and Narrow Path to Permanent Profitability: 7 Keys to Doing Profit First Right
Jun 10, 2021
Ep. 60: Profit First Q&A: PPP Loan Forgiveness, Multiple Equity Owners, and Existing Cash on Hand
Jun 03, 2021
SPECIAL BONUS Episode: Employee Retention Tax Credits: What You Need to Know for Your Business
May 28, 2021
Ep. 59: Taking Profit First to Advanced Levels: More Than 10 Additional Accounts You Need to Add
May 27, 2021
Ep.: 58: Diving Into Mike's Inbox: Business Debt, Owner's Comp, and More Profit First Questions Answered
May 20, 2021
Ep. 57: Staying on Track with Profit First: A Refresher on the Core Principles and Locked In Lifestyle
May 13, 2021
Ep. 56: Maximizing Profits with Simple Numbers: An Interview with Author Greg Crabtree
May 06, 2021
Ep. 55: Mastering Profit First: Understanding Cash Management vs. Accounting Systems with Billie Anne Grigg
Apr 29, 2021
Ep. 54: Maximizing Profitability with Quarterly Expense Reviews: Insights from Danielle Mulvey
Apr 22, 2021
Ep. 53: Investing for Success: Michelle Campbell's Profit First Journey
Apr 15, 2021
Ep. 52: Maximizing Financial Freedom: Integrating Profit First and Dave Ramsey's Baby Steps
Apr 08, 2021
Ep. 51: The Magic of Profit First: Two Entrepreneurs Share Their Success Story
Apr 01, 2021
Ep. 50: Answering Your Profit First Questions: Profit Distributions, Tax Distributions, and Reverse Engineering
Mar 25, 2021
Ep. 49: The Revenue Pipeline Generating Formula for Profitable Business Growth
Mar 18, 2021
Ep. 48: The Power of "Take" Over "Make" for Financial Freedom
Mar 11, 2021
Ep. 47: From Struggling Business Owner to Profitable Entrepreneur: One Man's Journey
Mar 04, 2021
Ep. 46: Dan Miller's 10 Rich Characteristics for Success in Life and Business
Feb 25, 2021
Ep. 45: Advanced Profit First Strategies for Managing Owner's Pay and Profit Distributions
Feb 18, 2021
Ep. 44: How to Hire and Retain A-Players: The Four WOWs Strategy
Feb 11, 2021
Ep. 43: Topgrading: How to Rate Candidates on RED Key Competencies
Feb 04, 2021
Ep. 42: Topgrading: The Four Pillars to Recruiting and Hiring A-Players
Jan 28, 2021
Ep. 41: Leveraging Baseline Selling to Hit Your 2021 Sales Goals
Jan 21, 2021
Ep. 40: Dispersing Profit: Rules for Keeping vs. Retained Earnings
Jan 14, 2021
Ep. 39: Making 2021 Your Most Profitable Year Ever with Profit First
Jan 07, 2021
Ep. 38: Start Your Day Right: Make 2021 Your Best Year Ever with Miracle Mornings
Dec 31, 2020
Ep 37: Fix This Sh!t NOW: Heighten Your Commitment and Accountability as an Entrepreneur
Dec 24, 2020
Ep. 36: Profit First Implementation Step 12: Adjust Your Allocation Percentages
Dec 17, 2020
Ep. 35: Interview with Billy Ann, Chief Guide at Profit First Professionals
Dec 10, 2020
Ep 34: Maximizing Profit First: Celebrating with Profit Distribution at the End of Each Quarter
Dec 03, 2020
Ep. 33: Maximizing Profitability: Simplifying the Expense Cutting Process
Nov 26, 2020
Ep. 32: Maximizing Profit Margin: Strategies for Pricing Your Products or Services - Expert Insight
Nov 19, 2020
Ep. 31: Understanding the Difference Between Mark-up and Margin: Key Metrics for Business Profitability
Nov 12, 2020
Ep. 30: Q&A Session: Profit First Guide Danielle Mulvey Answers Insightful Business Questions
Nov 05, 2020
Ep. 29: Maximizing Profit Through Allocation: Discover the Power of Profit First Allocation Days - Expert Insights
Oct 29, 2020
Ep. 28: Mapping Out Your Profit First Journey: Tips for Reaching Target Allocation Percentages - Expert Insights
Oct 22, 2020
Ep. 27: Reverse Engineering Your Business: 5 Easy Steps to Calculate Your Real Revenue Needs - Expert Guide
Oct 15, 2020
Ep. 26: Completing Your Instant Assessment: Step-by-Step Guide to Implementing Profit First - Expert Tips
Oct 08, 2020
Ep. 25: Step #4 of Profit First Implementation: Determining Your Allocation Rhythm and Schedule - Expert Tips
Oct 01, 2020
Ep. 24: Step #3 of Profit First Implementation: The Inconvenient Bank - Expert Tips
Sep 24, 2020
Ep. 23: Step #2 of Profit First Implementation: Building Your Profit Habit - Expert Tips
Sep 17, 2020
Ep. 22: Start Phase of Implementing Profit First: Tips for Getting Your Butt to the Bank - Expert Advice
Sep 10, 2020
Ep. 21: Profit First 101: The Journey of Transformation and 12 Steps to Permanent Profitability
Sep 03, 2020
Ep. 20: Profit First FAQs: Answers to Your Burning Questions to Achieve Permanent Profitability
Aug 27, 2020
Ep. 19: Exploring Entrepreneurial Trauma and Debunking Common Myths with Profit First Nation's Krystel Stacey
Aug 20, 2020
Ep. 18: Safeguarding Your Company Against Embezzlement: Why You Must Act Now
Aug 13, 2020
Ep. 17: Why You Shouldn't Abdicate Your Business Financials: Tips for Working with Bookkeepers and Accountants
Aug 06, 2020
BONUS: Going Deeper into Bookkeeping: Insights from Moxie Bookkeeping's Ean Price Murphy
Jul 31, 2020
Ep. 16: Beware of Wolves in Sheep's Clothing: How to Hire A-Player Bookkeepers for Your Business
Jul 30, 2020
Ep. 15: Using Profit First with Credit Cards: Best Practices for Managing Cash Flow without Becoming Insidious
Jul 23, 2020
Ep. 14: Achieving Predictable Cash Flow: Using the Borrower-Lender Matrix and Emotional Intelligence to Improve Your Finances
Jul 16, 2020
Ep. 13: Doing Profit First Right: Easy Steps to Achieving Permanent Profitability in Your Business
Jul 09, 2020
Ep. 12: Crisis Management: Navigating the Five Stages of Business Crisis During COVID
Jul 02, 2020
Ep. 11: Recession Response: Strategies for Thriving in Challenging Times
Jun 25, 2020
Ep. 10:Top 17% or 83%: Which Type of Entrepreneur Are You?
Jun 18, 2020
Ep. 9: Turning Operating Expenses into Profit Opportunities: Recap of the Expense Challenge
Jun 11, 2020
Ep. 8: Finding Profit Opportunities in Your Marketing Spend: Expense Challenge Week 3
Jun 04, 2020
Ep. 7: Unlocking Profit Opportunities: Expense Challenge Continues with Profit First Nation Inspiration
May 28, 2020
Ep. 6: Cutting 10% of Your Operating Expenses: The Profit First Challenge
May 21, 2020
BONUS: Profit First for Microgyms: A Conversation with Author John Briggs
May 20, 2020
Ep. 5: Exploring Rhythm Alternatives and Staying on Track with Profit First ft. Dr. Leslie Cisar
May 14, 2020
Ep. 4: Mastering the Critical Step in Implementing Profit First for Business Owners
May 07, 2020
Ep. 3: The Power of Going Slow in Implementing Profit First
Apr 30, 2020
Ep. 2: Mastering the First Three Steps of Profit First Implementation
Apr 20, 2020
Ep. 1: The Inception Episode
Apr 20, 2020