PROFIT FIRST! Steps to Increase Profitability with The Green Executive

In this week's episode, we have Sahra Linnemann from The Green Executive discusses the concept of profit first and how it can help contractors in the green industry manage their cash flow and increase profitability.

The profit first approach involves taking profit out of income first and then operating with what's remaining.

Sahra explains the mechanics of profit first, including setting up different accounts for profit, owner's pay, taxes, and operations.

Takeaways

• The profit first approach involves taking profit out of income first and then operating with what's remaining.
• Proper bookkeeping and tracking expenses are crucial for making informed business decisions.
• Regularly review profit and loss reports to assess the financial health of the business and make necessary adjustments.

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