INCREASE PROFITABILITY
Have you ever woken up in the middle of the night, desperately trying to figure out how you are going to make payroll on Friday? You know that you don’t have enough cash in your bank account to pay your team for all the hard work that they have done….
Have you ever wondered why the amount of cash in your bank account is stuck at a frustratingly low level? Despite the fact that you are selling more than you ever have before and your team is busier than ever….
Have you ever been congratulated by your accountant about the record net income? Then have a wave of confusion hit – because you know if you were to look at your account, it has nowhere near that much cash in it….
If so, I want you to do 2 things.
1. Take a deep breath, let it out, and realize that you are not alone. This is a common situation for many entrepreneurs.
2. I want you to invest in yourself by going to your local bookstore, online, or wherever and buy the book Profit First, by Mike Michalowicz. I don’t care if it is hardcover, softcover, new, used, print, or audio – just get it!
Profit First is a cash management system that was designed by one of the greatest entrepreneurs that I know. I will not spoil anything, but Mike’s entrepreneurial journey has taken him from the highest pinnacle of success (selling his company for multiple millions and being named an SBA – Entrepreneur of the Year) to the lowest lows (declaring bankruptcy). But what he realized through that process, was the cash (and cash flow) problems in your business is often a result of mis-prioritization.
I read Profit First in 2018 (at this time, I had more than a decade of experience guiding entrepreneurs) and I remember thinking 2 questions that would change my professional career:
“This is an amazing book, why doesn’t every entrepreneur know about, and follow, this system?”
Followed quickly by:
“Why doesn’t every banker, teach their clients about this system?”
This started my journey to become a Certified Profit First Banker. It turns out that Mike established a business that certifies individuals to coach, instruct, and support enterprenerusps who need assistance in implementing the Profit First system. Typically, these professionals are accounts, bookkeepers, or coaches. I quickly realized that I was only the 2nd banker in the world to ever become certified!
What! How is that possible?
That is just unfathomable. To make the situation even more unbelievable, the first banker ever to become Profit First certified – was not using it to help their entrepreneurs!
Since becoming a Certified Profit First Banker, I have helped hundreds of entrepreneurs by setting up their Profit First accounts. More importantly, I have been able to have a front row seat to seeing entrepreneurs:
– Become stress-free about their tax payments
– Pay off all business debt
– Strengthen the financial health and flexibility of their business
– Purchase their dream house (something they thought would never happen)
So I have one questions for you:
Are You Ready to Make Your Business PERMANENTLY PROFITABLE?
Get In Touch
College Station, Texas
(910) 257-8286
greg@theentrepreneursbanker.com