If you ever have the slightest intention to sell your business, understanding its value is crucial. Strategic pre-planning for the sale can enhance your value builder score so you sell at a premium multiple of earnings. In today's discussion, Danielle delves into one of the eight key drivers to improve profitability: monopoly control. Following tha…

In this episode of Profit First Nation, Danielle discusses the importance of relishing your ownership and maintaining a balance between personal and business finances. She emphasizes the need to take ownership of key areas in your business to ensure long-term success. These key areas include owning your day, owning your numbers, owning Profit First…

Episodes ending in 0 are Q & A sessions designed to help entrepreneurs operating their businesses in the zone of permanent profitability continue to thrive. Danielle is excited to host a quiz edition to test your Profit First IQ. There are no scores today, but the correct answers to these questions determine your prowess to do Profit First right to…

In this ALL IN edition of Profit First Nation, Danielle welcomes Kelly Sullivan Ruta, a clinical psychotherapist turned coach, focused on building an unstoppable team by cultivating emotional agility. Kelly shares insights into the concept of the Ultimate Inner Operating System, emphasizing the importance of skills like emotional agility and emotio…

In this episode, Danielle is joined by Mike Michalowicz, the author of Profit First, as they tackle questions from Mike's email inbox regarding doing your Instant Assessment. In addition to highlighting the importance of adhering to established profit percentages as a business grows, they provide additional guidance to another business owner to use…

In this episode of Profit First Nation, Danielle discusses the importance of the "Switzerland Structure" in your business. The Switzerland Structure is about avoiding over-dependence on a single customer, employee, or vendor to ensure the long-term success and profitability of your business. Danielle emphasizes the need for diversification, custome…

In this episode of Profit First Nation, host Danielle Mulvey reveals her seven key principles that she consistently applies to her business operations. She shares personal anecdotes and practical examples to illustrate her modus operandi. Danielle underscores the value of these principles in her own journey as an entrepreneur and how they have cont…

We welcome back the ever-popular Billie Anne Grigg, Profit First Professional’s Chief Profit Guide. Together, Danielle and Billie Anne dive into the intriguing world of "above the line" expenses within the Profit First framework. The episode covers above-the-line expenses, such as materials, subcontractor costs, pass-through expenses, franchise fee…

How often have you hired someone only to discover they were a “Mis-Hire.” Today’s episode of Profit First Nation is about hiring mistakes that could have been avoided. Danielle gives examples of failed hirings and the points the interviewer overlooked on the candidate’s resume or in the interview. Don’t miss these red flags when you conduct your ne…

Join Danielle in this episode as she unlocks the secrets of pricing for business success! From pricing's impact to the pitfalls of arbitrary pricing, this episode is your golden ticket to wealth-building, with the five principles for pricing triumph. Ensure you seize the opportunity to connect with Profit First Nation for continuous support, as you…

How can you significantly increase your business’ value? In the latest Profit First Nation episode, Danielle shines a spotlight on the pivotal strategy of steering clear of the central hub role. Exploring the adverse effects on business valuation when entrepreneurs find themselves at the epicenter for their employees, customers, and suppliers. Dani…

A well-structured schedule is essential to achieve permanent profitability in your business. In this episode, Danielle gives a picture-perfect, ideal schedule of successfully managing her time across her multiple companies, and her team members. Once you have mastered the ideal schedule, she unveils eight sure-fire tips to enhance the Vitamin SEE w…

Danielle delves into dissecting 10 misconceptions or fallacies surrounding Profit First. This cash management strategy isn't intended to function autonomously; instead, it's meant to be applied meticulously, adhering to its principles. Fragmented utilization is not its intended approach. In this episode, Danielle outlines ten instances of business …

Danielle may hit a nerve or two in this episode when she highlights the RED FLAGS you cannot ignore when it comes to making 5-Star Employee Hires. For most businesses, PAYROLL is your biggest expense and can be a significant drain on your profitability when you make a hiring mistake. When your payroll is full of average, ho-hum, or worse employees …

Mike Michalowicz shares the microphone with Danielle and responds to questions from listeners just like yourself. Listen in to understand his innovative, time-tested approaches to successfully managing a business in the zone of permanent profitability. Furthermore, Mike delves into the importance of enlisting a Profit First-Certified Accountant, Bo…

Danielle delves into a comprehensive process comprising eight steps for transforming your service or product into a marketable offering. These steps are universally applicable to a wide array of services or products. By implementing these steps in your business, you'll gain clarity and direction and, most importantly, establish a fresh source of re…

In this episode, we dive into Renee Moore's Profit First journey at Canine Craze Performance Center. Discover how she revamped her business by restructuring classes, introducing a membership model, and doubling consulting fees. Renee's story highlights the power of embracing change, pushing boundaries, and committing to Profit First principles for …

Billie Anne Grigg, the Chief Strategic Guide for Profit First Professionals and Danielle delve into cash flow and explore the role of AI in the context of bookkeeping.. Lastly, they shift their focus to the concept of a "piece of the pie." This seemingly unrelated notion is profoundly relevant to businesses. The discussion underscores how companies…

Host Danielle Mulvey shares critical information on your bottom line! How do we increase profitability? In one or both of two ways because the only two ways are to increase margin and / or decrease expenses. Payroll often represents the largest expense in many businesses. Your average, ho-hum or worse employees who are collecting a paycheck and doi…

Danielle and Cyndi Thomason, an expert certified in Profit First at the mastery level and the author of Profit First for E-commerce Sellers, explore the critical role of inventory in determining the success of your business. Cyndi shares valuable techniques for managing inventory levels and emphasizes the importance of maintaining distinct accounts…

Danielle and Cyndi Thomason, an expert certified in Profit First at the mastery level and the author of Profit First for E-commerce Sellers, explore the critical role of inventory in determining the success of your business. Cyndi shares valuable techniques for managing inventory levels and emphasizes the importance of maintaining distinct accounts…

Danielle presents a significant subject today, which holds importance regardless of the duration of your business. How can you increase the value of your business, ensuring a premium price/offer upon its sale? Business owners typically exit their business for one of three reasons. Begin strategizing for your exit today so your motivations align wit…

What does intentional growth mean? We're not referring to the physical size of your premises or the number of employees you have. We're focusing on profitability scaling your business! In this episode, Danielle leads us through six steps for intentional growth. If you want deliberate expansion and increased profitability, you need to be purposeful …

In today's episode, Danielle Mulvey guides us through the fundamental process of allocating funds in the Profit First system. Additionally, she highlights the contrast between Profit First and Advanced Profit First. Danielle provides an extensive overview of the three phases and the twelve steps that lead to financial success. It's important to not…

Today, Danielle explores a significant cost for your business: payroll. Making the right hiring decisions can benefit your financial results or lead to major errors. Where can you locate 5-Star employees? Danielle provides statistics on where you will find candidates. She also provides a comprehensive overview of the Indeed Job Posts website, offer…

Mike Michalowicz, the author of Profit First, addresses inquiries from the audience. He will delve into the initial expenses for budding enterprises and emphasize the importance of achieving profitability right from the beginning. He cautions against squandering funds on trivial items during the early stages of business establishment. Danielle invi…

Kasey Anton, the author of Profit First for Restaurants and founder of Spark Business Consulting, shares her thoughts with Mike shedding light on why some restaurants fail. Kasey has valuable advice on transforming your restaurant into a lucrative venture. Kasey will discuss the cost of a menu item, labor costs and the vital role culture plays in b…

Kasey Anton, the author of Profit First for Restaurants and founder of Spark Business Consulting, shares her thoughts with Danielle about analyzing your business's profitability. Her bottom line is to return to the basics. Reviewing your original business plan or bank statements can be an eye-opener on why your business thrives or is in trouble. Ka…

Danielle reveals her brilliant insight that has the potential to enhance your bottom line. Many clients desire a comprehensive project solution. Have you considered expanding your services to simplify the process for your client? Try integrating "Done For You Services" into your offerings. Clients are willing to pay more for a job fully complete. D…

In today's episode, Billie Anne Grigg, a distinguished Chief Profit First Profession Guide, joins Danielle as they address listeners' questions about Profit First. Together, they delve into properly categorizing expenses and ensuring they are allocated to the appropriate accounts. Additionally, they tackle the often daunting prospect of raising pri…

Danielle will be presenting an episode on the effective recruitment of five-star employees. Managing payroll is a significant expenditure, making it crucial to avoid errors in this vital aspect of your business. Hiring the right employee doesn't have to be a guessing game. There are established structures and principles that can assist you in selec…

Join us as we hear from Jeff Wickersham, an accomplished author, coach, and podcast host, who generously shares his firsthand encounter with the Profit First system. Jeff enthusiastically describes it as a "Game Changer" for his businesses, highlighting a surprising realization that a venture he believed profitable was experiencing financial losses…

In today's discussion, our primary focus is on the Business Hierarchy of Needs, specifically highlighting the Impact Level. Previous podcasts have already explored the Sales Level, Profit Level, and Order Level, all of which are accessible for you to listen to. Now, we focus on the Impact Level, where Danielle will delve into five distinct sub-topi…

In today's episode, Danielle is joined by Jake A. Carlson, who shares his journey with Profit First and provides information about his Modern Leadership podcast. Jake delves into the practical implementation of the Profit First account system in his businesses, even going beyond the standard required accounts. He presents fascinating examples of th…

Today is a dedicated episode for questions and answers, where Danielle addresses the most commonly asked questions in depth. Profit First's guiding principle is "When in doubt, add an account." Therefore, we will discuss essential accounts that every business should have and additional accounts for specific scenarios. We will also tackle inquiries …

In the latest episode of Profit First Nation, Danielle unveils the Five-Star Retention Strategy and emphasizes the importance of wholeheartedly adopting this approach for any thriving entrepreneur. Throughout the episode, she will provide a comprehensive breakdown of each strategy, revealing the top three desires of employees. As a business owner w…

In this episode, we welcome back renowned business author and speaker Mike Michalowicz as we discuss crucial financial strategies for businesses. We explore how to make a transformation like moving from one business bank account to five, we also delve into the power of the Pareto Principle when it comes to managing your customer roster and maximizi…

In this episode, we explore the powerful concept of abundance mindset and how it can help you unlock infinite opportunities for profitability. Our expert guest breaks down a checklist to help you get the right framework in place to achieve your financial goals. Plus, don't miss our special bonus resource - the Reverse Engineer Calculator Based on O…

He discusses how he transformed his business from one that was struggling to make ends meet to a permanently profitable one. By following the Profit First framework, Joe is now able to work on his business instead of being a slave to the grind.Di Joe Wellbourn, Danielle Mulvey & Mike Michalowicz

In this episode, Danielle Mulvey and Chief Profit First Professional Guide, Billie Anne Grigg, dive into the world of credit leverage and how it can be used to earn points and rewards while staying financially responsible. They also discuss the pitfalls of going credit crazy and offer tips and strategies for mastering credit leverage with Profit Fi…

Learn how to consistently build your dream team using The 5-Star Employee Rating System(TM), a powerful talent evaluation system. With a 90% hiring success rate, this system is essential for attracting and retaining 5-Star Employees. In addition to The 5-Star Employee Rating System(TM), discover four other secrets that are simple to implement with …

Language is the fundamental way First Nations People share their knowledge, communicate their understanding of the world and connect with their spirituality. Is it possible to reverse the disruption to languages and culture from colonialism? We find out how with Megan Metz and Teresa Windsor.Di FNHA

Language is the fundamental way First Nations People share their knowledge, communicate their understanding of the world and connect with their spirituality. Is it possible to reverse the disruption to languages and culture from colonialism? We find out how with Megan Metz and Teresa Windsor.Di FNHA

Language is the fundamental way First Nations People share their knowledge, communicate their understanding of the world and connect with their spirituality. Is it possible to reverse the disruption to languages and culture from colonialism? We find out how with Megan Metz and Teresa Windsor.Di FNHA

Plus, listen closely and count how many times Felicia mentions her amazing Mastery-Certified Profit First Professional, Venus Michael! Don't miss this inspiring episode on achieving financial success in your business.Di Felicia Reed, Danielle Mulvey & Mike Michalowicz

Join us as we explore the secrets to mastering the power of planning and achieving your goals. Don't miss this episode on taking control of your life and achieving success.Di Profit First Nation, Danielle Mulvey & Mike Michalowicz

Rejoice! NorthOne, the bank that embraces Profit First, is here to automate your Profit First allocations. Join co-founder and CEO, Eytan Bensoussan, as he walks us through how to use NorthOne's sub-account envelopes to streamline your Profit First system. With NorthOne, you can open your account from the comfort of your own home in no time at all.…

Join us as we dive into the finer details of Advance Profit First applications. Discover how to calculate Real Revenue when COGS (Materials) and/or Subcontractor costs account for 25% or more of your total sales. Plus, as a bonus resource, learn how to complete the Reverse Engineer Calculator based on Owner's Pay to get your business on an accelera…

Learn how to tweak your job postings, woo candidates, and go all in on your recruitment efforts to repel 1, 2, and 3-Star Duds. Remember, settling for less than 5-Star Employees can kill your profitability.Di Profit First Nation, Danielle Mulvey & Mike Michalowicz

Discover the secrets to their success and learn how you can apply their strategies to your own business. Don't miss this episode filled with real-life stories of triumph and inspiration.Di Profit First Nation, Danielle Mulvey & Mike Michalowicz