Sabrina Starling PhD, PCC, BCC

The Top 10 Problems Profit First Solves in Your Business


Over the last weekend, I got to read Profit First, the newest book from Mike Michalowicz. As I read, I thought of one client after another who could benefit from implementing Profit First in his or her business. In talking to business owners day in and day out about the challenges they face in their business, I hear a lot of the same challenges coming up over and over. Many of these challenges relate to managing finances in the business.

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, pick up your 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.

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

Article written by :
Sabrina Starling PhD, PCC, BCC
Dr. Sabrina Starling, The Business Psychologist™ and author of the How to Hire the Best series is the founder of Tap the Potential. Tap the Potential specializes in transforming small businesses into highly profitable, Great Places to Work! Never one to accept 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. With her background in psychology, and years of driving profit in small business, Dr. Starling knows what it takes to find, keep and get exceptional performance out of your biggest investment — your team members. Visit Dr. Sabrina and the Tap the Potential Family at www.TapThePotential.com. While you’re there, be sure to check out all the great resources, including Dr. Sabrina’s most in-demand webinar, How to Make Your Time Worth 10K an Hour.
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One Response to The Top 10 Problems Profit First Solves in Your Business

  1. Rodrigo Laddaga says:

    Great tips Sabrina!!! you put it so clear!

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