To truly conquer your cashflow, proper planning is everything. A large, surprise expense can trigger cashflow distress and seriously undermine the long-term stability of your business. In this article we’re going to look at Capital Expense Accounts and Large Expenses...

In my experience one of the most difficulty cashflow management issues businesses run into is maintaining Inventory levels. Often, funds are required to be paid to your supplier(s) well in advance of your inventory arriving ready for sale. If you then on-sell that...

In the previous banking article we looked at the core accounts all business owners should use when first implementing Profit First in their Australian business. It's time to start exploring some of the more detailed, advanced banking concepts that business owners may...

There has been a lot of discussion this past week in the Profit First world in response to some recent articles that imply the system is detrimental to business growth. As a Profit First Professional who has spent the last two years talking to business owners about...

Profit First is all about establishing rhythms around the way we handle money. These patterns, when repeated regularly, become habits. Good money management habits are the end goal!. In this week’s article we’re covering the cash transfers from your income account to...