Profit Answer Man: Implementing the Profit First System‪!‬ Rocky Lalvani

Profit First for Creatives with Christian Brim
In this episode, we are joined by Christian Brim, a passionate advocate for financial stability and growth, inspired by his childhood experience of his family's bankruptcy. This pivotal event shaped his determination to assist others in achieving financial success. Today, Christian leads CORE Group, a firm dedicated to supporting creative business owners in the fields of videography, cinematography, photography, influencer and content creation, and marketing agencies.
In this episode, you will learn the following:
The impact of personal financial challenges on career choices. Clear communication between business owners and accountants to make financial concepts more accessible. Creating leasing companies for tax benefits that can benefit a business's financial health.   Understanding the concept of value pricing and focusing on gross margin. Purposeful business spending, aiming for clear ROI and aligning with growth and profitability. Links: 
https://www.coregroupus.com/
christianbrim.com
 
Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

Sign up to be notified when the next cohort of the Profit First Experience Course is available!

Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

Check out our website: http://profitcomesfirst.com/

Questions: questions@profitanswerman.com

Email: rocky@profitcomesfirst.com

Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst 

Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/

My podcast about living a richer more meaningful life: http://richersoul.com/

Profit First Toolkit: click here to sign up

This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at
https://www.SMBPodcastNetwork.com

Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

#profitfirst
 

Profit First For Professionals with Sarah Webb
In this episode of the Profit Answer Man, we are joined by Sarah Webb. She founded Webb CFO to provide accounting assistance and long-term financial planning guidance to licensed physicians and their private practice small businesses. Though Sarah and her team are happy to address the fundamental aspects of day-to-day accounting, such as cash flow management and budgeting, they take client financials a step further by adopting a strategic approach: leveraging numerical data for forecasting and planning, and offering a broader management-oriented perspective.
In this episode, you will learn the following:
  Challenges the notion that higher revenue equals success, emphasizing the importance of profitability instead. Advanced financial strategies for owners of multiple businesses, including the need for a robust tax reserve. Utilization of high-yield sweep accounts and financial scorecards for better financial management and decision-making. The 'fraud triangle' and the importance of verification methods to protect assets. Financial vigilance and smart management practices to prevent fraud and maintain a healthy business. Links:
https://www.webbcfo.com/
 
Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

Sign up to be notified when the next cohort of the Profit First Experience Course is available!

Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

Check out our website: http://profitcomesfirst.com/

Questions: questions@profitanswerman.com

Email: rocky@profitcomesfirst.com

Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst 

Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/

My podcast about living a richer more meaningful life: http://richersoul.com/

Profit First Toolkit: click here to sign up

This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at
https://www.SMBPodcastNetwork.com

Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

#profitfirst

Profit First in Healthcare with Daniel Tribby
In this episode of the Profit Answer Man, we have Daniel Tribby, a healthcare entrepreneur and the author of "Unf*cking Private Healthcare: The Playbook On Owning Your Dream Practice." Daniel shares actionable tips on how to revolutionize your medical practice or any business, focusing on profitability and patient care. With a background in regenerative medicine as co-owner of Regenerative Sports Spine and Spa in Orlando, Florida, Daniel achieved a seven-figure exit in 2023. Discover the secrets behind his success and learn how to turn clients or patients into raving fans.
In this episode, you will learn the following:
Financial agility and reserves empower business owners to make value-aligned decisions and seize opportunities. Strategies for effective delegation and the importance of hiring employees who share company values and comprehend expectations. Dangers of abdicating responsibility and the necessity of monitoring key performance indicators to maintain operational control. Focus on candidates who fit the company culture and the long-term vision for success. The need for regular thinking time for business owners to assess and manage their operations effectively.
Links:
https://www.danieltribbyofficial.com/
 
Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

Sign up to be notified when the next cohort of the Profit First Experience Course is available!

Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

Check out our website: http://profitcomesfirst.com/

Questions: questions@profitanswerman.com

Email: rocky@profitcomesfirst.com

Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst 

Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/

My podcast about living a richer more meaningful life: http://richersoul.com/

Profit First Toolkit: click here to sign up

This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at
https://www.SMBPodcastNetwork.com

Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

#profitfirst

How Can I Turn This Into a Tax Deduction with Matthew Sercely
In this episode of the Profit Answer Man, we feature Matthew Sercely as he explores strategic tax planning to enhance business profitability and achieve long-term financial success without falling prey to aggressive tax strategies. Matthew Sercely is a lawyer who has dedicated his practice to helping people learn more about how to legally reduce their taxes and provide peace of mind that you aren't doing anything that will likely annoy the IRS. He lives in the North Dallas Area but has clients all over the country. When not messing with the government, he spends time with his 3 children or reads, weight lifts, or goes camping.
In this episode, you will learn the following:
How to effectively manage tax planning without compromising the profitability of a business. Decision-making process around choosing the right business structure, such as S Corps versus sole proprietorships, and how different structures impact taxes. Understanding depreciation recapture and how various tax rules affect the deductibility of expenses, such as meals and entertainment. How retirement accounts can be utilized for tax deductions while also securing future financial stability. Tactic of involving family in the business, not only as employees but also as strategic contributors to their own Roth IRAs. The importance of a long-term tax strategy is stressed over short-term gains that could be achieved through accelerated depreciation or aggressive tax planning. Links:
https://www.agoristtaxadvice.com/profitman
 
Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

Sign up to be notified when the next cohort of the Profit First Experience Course is available!

Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

Check out our website: http://profitcomesfirst.com/

Questions: questions@profitanswerman.com

Email: rocky@profitcomesfirst.com

Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst 

Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/

My podcast about living a richer more meaningful life: http://richersoul.com/

Profit First Toolkit: click here to sign up

This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at
https://www.SMBPodcastNetwork.com

Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

#profitfirst

Building a Billion Dollar Company with John Hewitt
In this episode of the Profit Answer Man, we are joined by renowned American entrepreneur John Hewitt as he shares insights on scaling a business to a billion dollars and the right time to franchise. John Hewitt is a renowned American entrepreneur who has made a significant impact in the business world through his innovative ideas and strategic thinking. He is best known for his success in the tax preparation industry, having founded two of the largest tax preparation companies in the United States - Jackson Hewitt and Liberty Tax. Both companies represent two of the top 100 largest retail organizations in North America.
In this episode, you will learn the following:
Budgeting based on both best and worst-case scenarios rather than fixed projections. Flexibility in adjusting expenses based on actual revenue outcomes, ensuring financial stability A proactive approach to managing growth by adjusting hiring practices based on performance Strategic workforce planning and financial management to sustain growth and adapt to changing market conditions. Assessing one's own strengths and weaknesses truthfully Seek out individuals who bring expertise in areas where the CEO may be lacking. Links:
https://www.loyaltybrands.com/
john@2@loyaltybrands.com
 
Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

Sign up to be notified when the next cohort of the Profit First Experience Course is available!

Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

Check out our website: http://profitcomesfirst.com/

Questions: questions@profitanswerman.com

Email: rocky@profitcomesfirst.com

Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst 

Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/

My podcast about living a richer more meaningful life: http://richersoul.com/

Profit First Toolkit: click here to sign up

This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at
https://www.SMBPodcastNetwork.com

Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

#profitfirst

The Keys to a Headache-Free, High-Profit Team with Dave Pennington
Dave Pennington, PhD is the Founder & CEO Penn Coaching & Consulting. He helps business owners and leaders in strategically scaling up their companies to hire, onboard, develop, and retain highly productive employees. Dave spent the last 35+ years managing and leading organizations. He has served on national & international boards. He has built strong teams, developed his personal leadership, managed financials, and developed and sustained visionary leadership.
Dave is passionate about developing leaders!  He knows what it takes to build and scale a business.  He brings his 35+ years of management experience to the table, leans into his clients’ challenges, and comes alongside to help them navigate the waters of business growth. 
In this episode, you will learn the following:
The need for strategic team-building within budget constraints. The transformative impact of aligning team members with roles that match their strengths and passions How hiring based on cultural fit can contribute to a harmonious work environment Helping employees understand the connection between their contributions and the company's financial health Strategies for owners to step back from hands-on work and focus on empowering their employees through effective delegation Links:
dave@penncoaching.com
https://penncoaching.com/productive-employee-system-checklist
 
Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

Sign up to be notified when the next cohort of the Profit First Experience Course is available!

Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

Check out our website: http://profitcomesfirst.com/

Questions: questions@profitanswerman.com

Email: rocky@profitcomesfirst.com

Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst 

Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/

My podcast about living a richer more meaningful life: http://richersoul.com/

Profit First Toolkit: click here to sign up

This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at
https://www.SMBPodcastNetwork.com

Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

#profitfirst