Book·2014
Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine
About this source
A counterintuitive cash management system that ensures businesses are always profitable by taking profit first
Frameworks extracted
5 totalENTmonths
The Small Plates Strategy
Constrain resources to force innovation and efficiency
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The Quarterly Profit Distribution
Every ninety days, take half your accumulated profit as a reward
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Target Allocation Percentages (TAPs)
Graduated percentage targets that scale with business revenue
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The Envelope System for Business
Separate bank accounts serve as physical envelopes for every dollar's purpose
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Profit First Formula
Take your profit first, then pay expenses with what remains