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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Soooo this isn't the thing I'm most proud to share, but I just finally made my first paycheck from my business to myself. And I've been in business for over 7 years.
But I know I'm not alone, and I know a lot of business owners have a difficult time setting money aside to pay themselves.
So if that's you, this episode is for you.
We're talking all about money, and specifically in context of The Profit First Method, a method of managing your finances that was created by Mike Michalowicz.
In this episode you will learn:
- what the Profit First Method is
- why to use the Profit First Method (or something similar)
- the recommended percentages when you split your money
- how to automate the process
- my experience implementing the Profit First Method
The bank account that I am using - and loving - with the Profit First Method is through Relay. (not sponsored or affiliated; just a fan)
If you'd like to dig deeper, here are some resources for you:
- the Profit First book by Mike Michalowicz (this is an Amazon affiliate link)
- my podcast episode with Hanna Lisa of Making Stories, all about Paying Yourself as a Business Owner
- the guest discussion replay on Accounting, Taxes & Staying Legal with Amy Bradbury of Empowered Profit inside Pattern Design Circle
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