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If you\\u2019ve been in the online space for a while, you may have heard of \\u201cdoing Profit First\\u201d, which is based on the popular book Profit First by Mike Michalowicz. It\\u2019s a way of taking your profit first (literally) instead of looking at your profit as \\u201cwhat\\u2019s left over\\u201d after all of your expenses have been paid.\\xa0\\xa0

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When I started using this accounting method in December, I knew I had to share it with my podcast community. In this episode (part one of two), I'm going to share what Profit First is and how I set it up for my business. But listen - if you're new to Profit First, that's okay! I'll explain it all to you. And if you're not a fan of accounting, I get it. But I promise that in this episode I am going to make it practical and share what's working for me financially right now.\\xa0

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I\\u2019m sharing all about setting up Profit First accounts, my different percentages, how I close out my finances each month, and more. There's a lot to cover\\u2026 so get comfortable! And hey, if you love this topic, be sure to tune in next week for part two, where I'll go even more in-depth and walk you through exactly how I manage my finances at the end of each month.

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Links mentioned in this episode:

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- Get the full show notes:\\xa0 https://elizabethmccravy.com/219

- Join our FREE Breakthrough Brand Facebook Group: https://elizabethmccravy.com/facebook\\xa0

- Connect with Elizabeth on her Instagram: https://www.instagram.com/elizabethmccravy\\xa0

- Buy The Profit First Book: https://rstyle.me/+33cGG1wZcw27QExfi5HnEw\\xa0

- Looking for a better way to know your numbers? Check out my profit sheet: https://elizabethmccravy.com/profit-sheet\\xa0

Book Your Next Client ASAP: https://elizabethmccravy.com/ASAP\\xa0\\xa0

Check Out The Official Profit First Bank: https://elizabethmccravy.com/relay\\xa0

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