1 Simple Solution to 10 Financial Problems in Your Business

There is a dirty little secret in the entrepreneurial world: you can have a business with great sales and topline revenue, and very little or no profit. Year after year, you can plow money back into the business to grow it, thinking that one day, it will pay off. But, sadly, for many entrepreneurs, one day never comes. That’s why, when Mike Michalowicz’s new book, Profit First, came out last week, I got so excited! Profit First will change how you manage the finances in your business…for the better. Profit First will make your business instantly profitable. Even better, when you implement Profit First for the long-term, it will solve so many of the problems that keep us business owners awake at night.

As many of you know, I implemented Profit First in my own business last year, and I’ve helped several of my clients implement it as well— with some exciting results. So I have been eagerly awaiting the release of Profit First to be able to share it with more business owners. Good news…it’s finally out!

It was great to finally get to read the book in its entirety. As I was reading, I thought of one client after another who could benefit from implementing Profit First in his or her business.  It occurred to me that there are at least 10 BIG questions and financial problems that Profit First can solve for business owners.

Here are the top 10 problems that Profit First can solve for you in your business:

Laying awake at night worrying about cash flow

Drowning in debt

Feeling overworked, yet uncertain if you can afford to hire

Difficulty meeting payroll as sales fluctuate, and questioning if you are overstaffed

The emotional roller coaster that comes from the peaks and valleys in cash flow from month to month

Putting everything you have back into the business. When does your business take care of you?

Questioning if you should sell equipment to free up cash

Not paying yourself enough and resenting your business for eating up all of your resources

Going year after year without taking a vacation

Getting hit with a huge tax bill after a good year and a significant increase in sales

If you find yourself laying awake at night worrying about any of these problems, I encourage you to pick up a copy of Profit First and start reading. The answers are there for you!

When should you start implementing Profit First? Now! It doesn’t matter how good or bad your current cash flow position is, you will benefit from Profit First. Profit First is all about implementing healthy cash management habits in your business. You start slowly.

If you want a preview of the first 5 chapters of Profit First, I’ve got those here as a special gift for you. Please share this with other business owners. Let’s put PROFIT back in business!

 

Small steps, taken consistently in the right direction, lead to BIG change.

 

SabrinaDr. Sabrina Schleicher recognizes that employee problems can be one of the biggest stumbling blocks for any business owner. With her background in psychology, and years of coaching small business owners to extraordinary results, Dr. Schleicher knows what it takes to find, keep and get exceptional performance out of your biggest investment-your employees. Access her comprehensive video training 5 Secrets to Exceptional Employee Performance (her gift to you!) at www.tapthepotential.com

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About The Author

Dr. Sabrina Starling, The Business Psychologist and international best-selling author of the How to Hire the Best series and The 4 Week Vacation™, is the founder of Tap the Potential and host of the Profit by Design podcast. At Tap the Potential, we work to free business owners from the constant demands of a growing business.

We believe work supports life, not the other way around. Clients in our Better Business, Better Life coaching program have more time for what matters most and more money in their bank account than they’ve ever had. Next, we send them off on a 4 Week Vacation™ to celebrate their hard-earned journey to take their life back!

Dr. Sabrina and her team at Tap the Potential are on a mission to change the story of entrepreneurship from one of long hours, grinding it out, to one of sustainably profitable businesses that support and enhance life. The Tap the Potential Solution™ and our Tap the Potential Family of Business Owners are disrupting small business as usual. We are on our way to making the Tap the Potential Solution™ the mainstream model for growing business.

By 2023, 150 Tap the Potential clients will have taken 4 Week Vacations. These are the trailblazers, role modeling what’s possible for entrepreneurs. In many entrepreneurial circles, it is becoming more and more common for one entrepreneur to ask another, “Have you taken a 4 Week Vacation™?” (as opposed to asking “How many employees do you have?” or “What is your annual revenue?”). Taking a fully unplugged 4 Week Vacation is rapidly becoming the recognized symbol of entrepreneurial success.

Never one to accept the status quo or back down from a challenge, Dr. Sabrina’s How to Hire the Best series grew from her desire to solve the toughest hiring challenges interfering with her clients’ growth and profitability. What sprang from her experience working with entrepreneurs in rural areas catapulted her into becoming the world’s leading expert in attracting top talent in small businesses—no matter what hiring challenges those businesses are facing—and earned Tap the Potential’s reputation as the go-to resource for entrepreneurs committed to creating Great Places to Work with thriving coaching cultures and highly engaged team members working from strengths.

As The Business Psychologist, and with her years of driving profit in small businesses, Dr. Sabrina knows what it takes to find, keep, and motivate exceptional performance out of your biggest investment—team members.