Shows
Entrepreneurship SimplifiedBeyond Hiring: Retaining 5-Star Employees & Upping Your Team’s Game with Danielle Mulvey (Part 2)RESOURCES:The All In Company_ Danielle Mulvey’s company. Explore tools, programs, and support for building a five-star team based on Mike’s book.Hair Is On Fire WorkshopDanielle's intensive workshop for business owners who urgently need to hire with clarity and confidence.👉 https://www.hairsonfire.com All In Community AppAvailable on both the Apple App Store and Google Play, this app offers weekly content, free courses, and resources to implement the All In method in your business.Apple App Store: Search All In CommunityGoogle P...2025-04-2221 minEntrepreneurship SimplifiedRevolutionizing Hiring with Danielle Mulvey: The 5-Star Employee Hiring System Approach to Building Your Dream TeamRESOURCES:The All In Company-Danielle Mulvey’s company, based on Mike Michalowicz's book All In, that specializes in transforming hiring processes using the 5-Star Employee Hiring System. All In by Mike MichalowiczCONNECT WITH MIKE:Mike Michalowicz: https://mikemichalowicz.comAll books: https://amzn.to/3A1tuJ5Socials: IG: https://www.instagram.com/mikemichalowicz/FB: https://www.facebook.com/MikeMichalowiczFanPage/LinkedIn: https://www.linkedin.com/in/mikemichalowicz/TikTok: https://www.tiktok.com/@mikemichalowiczYouTube: https://www.youtu...2025-04-1528 min
Grow My Accounting Practice | Tips for Accountants, Bookkeepers and Coaches to Grow Their BusinessDanielle Mulvey: Building Your Dream Team Using The 5-Star Employee Hiring SystemShow Summary: In this episode of Grow My Accounting Practice, Danielle Mulvey shares her 5-Star Employee Hiring System™, a proven method to recruit, hire, and retain top-tier talent. Learn how to identify the right candidates, avoid costly hiring mistakes, and build a dream team that drives profitability and success. If you're ready to transform your hiring process and create a team that works better than you could alone, this episode is a must-listen! Website:www.hairisonfire.com www.profitfirstnation.com Corporate Partner:Relay - www.relayfi.com ...2025-01-0940 min
Profit First NationPLAY!Join us on Profit First Nation podcast as we explore playful leadership with Profit First author Mike Michalowicz. Learn how incorporating play into your leadership style can strengthen team bonds, boost morale, and increase productivity. Discover daily huddle secrets and key strategies to create an unstoppable team. Listen now for actionable insights and transform your business dynamics! 2024-09-2620 min
Profit First NationPLAY!Join us on Profit First Nation podcast as we explore playful leadership with Profit First author Mike Michalowicz. Learn how incorporating play into your leadership style can strengthen team bonds, boost morale, and increase productivity. Discover daily huddle secrets and key strategies to create an unstoppable team. Listen now for actionable insights and transform your business dynamics! 2024-09-2620 min
Profit First NationEp. 152- Play for Monopoly ControlIf you ever have the slightest intention to sell your business, understanding its value is crucial. Strategic pre-planning for the sale can enhance your value builder score so you sell at a premium multiple of earnings. In today's discussion, Danielle delves into one of the eight key drivers to improve profitability: monopoly control. Following that, she will explain ten distinct strategies to attain monopoly control. Whether you are contemplating an exit from your business now or eons from now, this episode is a must for every entrepreneur IN T...2023-12-2631 min
Profit First NationEp. 152- Play for Monopoly ControlIf you ever have the slightest intention to sell your business, understanding its value is crucial. Strategic pre-planning for the sale can enhance your value builder score so you sell at a premium multiple of earnings. In today's discussion, Danielle delves into one of the eight key drivers to improve profitability: monopoly control. Following that, she will explain ten distinct strategies to attain monopoly control. Whether you are contemplating an exit from your business now or eons from now, this episode is a must for every entrepreneur IN T...2023-12-2631 min
Profit First NationEp. 151 - Relish Your OwnershipIn this episode of Profit First Nation, Danielle discusses the importance of relishing your ownership and maintaining a balance between personal and business finances. She emphasizes the need to take ownership of key areas in your business to ensure long-term success. These key areas include owning your day, owning your numbers, owning Profit First, owning leadership, and owning your role in the community. IN THIS EPISODE: [00:20] Danielle introduces the topic of "Relish Your Ownership" and the importance of enjoying business ownership while maintaining financial responsibility. [00:46] Personal Piggy Bank: Danielle warns against treating yo...2023-12-1928 min
Profit First NationEp. 151 - Relish Your OwnershipIn this episode of Profit First Nation, Danielle discusses the importance of relishing your ownership and maintaining a balance between personal and business finances. She emphasizes the need to take ownership of key areas in your business to ensure long-term success. These key areas include owning your day, owning your numbers, owning Profit First, owning leadership, and owning your role in the community. IN THIS EPISODE: [00:20] Danielle introduces the topic of "Relish Your Ownership" and the importance of enjoying business ownership while maintaining financial responsibility. [00:46] Personal Piggy Bank: Danielle warns against treating yo...2023-12-1928 min
Profit First NationEp. 150 - Q&A Quiz EditionEpisodes ending in 0 are Q & A sessions designed to help entrepreneurs operating their businesses in the zone of permanent profitability continue to thrive. Danielle is excited to host a quiz edition to test your Profit First IQ. There are no scores today, but the correct answers to these questions determine your prowess to do Profit First right to make your business permanently profitable. Don’t miss it! IN THIS EPISODE: [00:57] Danielle has ten quiz questions today. Question one is: What is real revenue [3:07] Do owners who take a sal...2023-12-1227 min
Profit First NationEp. 150 - Q&A Quiz EditionEpisodes ending in 0 are Q & A sessions designed to help entrepreneurs operating their businesses in the zone of permanent profitability continue to thrive. Danielle is excited to host a quiz edition to test your Profit First IQ. There are no scores today, but the correct answers to these questions determine your prowess to do Profit First right to make your business permanently profitable. Don’t miss it! IN THIS EPISODE: [00:57] Danielle has ten quiz questions today. Question one is: What is real revenue [3:07] Do owners who take a sal...2023-12-1227 min
Profit First NationEp. 149 - ALL IN: Power Skills with Kelly RutaIn this ALL IN edition of Profit First Nation, Danielle welcomes Kelly Sullivan Ruta, a clinical psychotherapist turned coach, focused on building an unstoppable team by cultivating emotional agility. Kelly shares insights into the concept of the Ultimate Inner Operating System, emphasizing the importance of skills like emotional agility and emotional intelligence in scaling a business via power skills. If you want to learn how to enhance your own emotional intelligence and empower your teams for success, this episode is for you. TIMESTAMPS: [00:19] Introduction to the episode and guest, Kelly Su...2023-12-0527 min
Profit First NationEp. 149 - ALL IN: Power Skills with Kelly RutaIn this ALL IN edition of Profit First Nation, Danielle welcomes Kelly Sullivan Ruta, a clinical psychotherapist turned coach, focused on building an unstoppable team by cultivating emotional agility. Kelly shares insights into the concept of the Ultimate Inner Operating System, emphasizing the importance of skills like emotional agility and emotional intelligence in scaling a business via power skills. If you want to learn how to enhance your own emotional intelligence and empower your teams for success, this episode is for you. TIMESTAMPS: [00:19] Introduction to the episode and guest, Kelly Su...2023-12-0527 min
Profit First NationEp. 148- Q&A: Instant Assessments with Mike MichalowiczIn this episode, Danielle is joined by Mike Michalowicz, the author of Profit First, as they tackle questions from Mike's email inbox regarding doing your Instant Assessment. In addition to highlighting the importance of adhering to established profit percentages as a business grows, they provide additional guidance to another business owner to use the Profit First Target Allocation Percentages Chart for financial clarity, and help yet another entrepreneur on how to simplify income and expense categorization. BONUS: Danielle provides additional valuable insights, emphasizing the significance of sales and providing practical pricing strategies for service-based businesses.2023-11-2824 min
Profit First NationEp. 148- Q&A: Instant Assessments with Mike MichalowiczIn this episode, Danielle is joined by Mike Michalowicz, the author of Profit First, as they tackle questions from Mike's email inbox regarding doing your Instant Assessment. In addition to highlighting the importance of adhering to established profit percentages as a business grows, they provide additional guidance to another business owner to use the Profit First Target Allocation Percentages Chart for financial clarity, and help yet another entrepreneur on how to simplify income and expense categorization. BONUS: Danielle provides additional valuable insights, emphasizing the significance of sales and providing practical pricing strategies for service-based businesses.2023-11-2824 min
Profit First NationEp. 147- Switzerland StructureIn this episode of Profit First Nation, Danielle discusses the importance of the "Switzerland Structure" in your business. The Switzerland Structure is about avoiding over-dependence on a single customer, employee, or vendor to ensure the long-term success and profitability of your business. Danielle emphasizes the need for diversification, customer value analysis, employee cross-training, and vendor audits. IN THIS EPISODE: [00:27] Introduction to the podcast and the topic of the "Switzerland Structure." [02:38] Explanation of why it's crucial not to be overly dependent on one customer, employee, or vendor. [08:14] The Pareto Principle applied to...2023-11-2123 min
Profit First NationEp. 147- Switzerland StructureIn this episode of Profit First Nation, Danielle discusses the importance of the "Switzerland Structure" in your business. The Switzerland Structure is about avoiding over-dependence on a single customer, employee, or vendor to ensure the long-term success and profitability of your business. Danielle emphasizes the need for diversification, customer value analysis, employee cross-training, and vendor audits. IN THIS EPISODE: [00:27] Introduction to the podcast and the topic of the "Switzerland Structure." [02:38] Explanation of why it's crucial not to be overly dependent on one customer, employee, or vendor. [08:14] The Pareto Principle applied to...2023-11-2123 min
Profit First NationEp. 146- Danielle’s Modus OperandiIn this episode of Profit First Nation, host Danielle Mulvey reveals her seven key principles that she consistently applies to her business operations. She shares personal anecdotes and practical examples to illustrate her modus operandi. Danielle underscores the value of these principles in her own journey as an entrepreneur and how they have contributed to her success, providing valuable insights for entrepreneurs seeking sustained profitability. IN THIS EPISODE: [00:53] Introduction to Danielle's six modus operandi. [01:31] Modus Operandi 1: All of us are smarter than one of us....2023-11-1428 min
Profit First NationEp. 146- Danielle’s Modus OperandiIn this episode of Profit First Nation, host Danielle Mulvey reveals her seven key principles that she consistently applies to her business operations. She shares personal anecdotes and practical examples to illustrate her modus operandi. Danielle underscores the value of these principles in her own journey as an entrepreneur and how they have contributed to her success, providing valuable insights for entrepreneurs seeking sustained profitability. IN THIS EPISODE: [00:53] Introduction to Danielle's six modus operandi. [01:31] Modus Operandi 1: All of us are smarter than one of us....2023-11-1428 min
Profit First NationEp. 145- Total Revenue Minus Materials, Subs & MoreWe welcome back the ever-popular Billie Anne Grigg, Profit First Professional’s Chief Profit Guide. Together, Danielle and Billie Anne dive into the intriguing world of "above the line" expenses within the Profit First framework. The episode covers above-the-line expenses, such as materials, subcontractor costs, pass-through expenses, franchise fees, and more. They also emphasize the importance of understanding your financial numbers and owning allocation day to achieve permanent profitability. IN THIS EPISODE: [00:55] - Explanation of "above the line" expenses and real revenue. [01:47] - Common mistakes made with above-the-line expenses. [03:27] - Handling W-2 emp...2023-11-0717 min
Profit First NationEp. 145- Total Revenue Minus Materials, Subs & MoreWe welcome back the ever-popular Billie Anne Grigg, Profit First Professional’s Chief Profit Guide. Together, Danielle and Billie Anne dive into the intriguing world of "above the line" expenses within the Profit First framework. The episode covers above-the-line expenses, such as materials, subcontractor costs, pass-through expenses, franchise fees, and more. They also emphasize the importance of understanding your financial numbers and owning allocation day to achieve permanent profitability. IN THIS EPISODE: [00:55] - Explanation of "above the line" expenses and real revenue. [01:47] - Common mistakes made with above-the-line expenses. [03:27] - Handling W-2 emp...2023-11-0717 min
Profit First NationEp. 144- Fixing the Errors of MishiresHow often have you hired someone only to discover they were a “Mis-Hire.” Today’s episode of Profit First Nation is about hiring mistakes that could have been avoided. Danielle gives examples of failed hirings and the points the interviewer overlooked on the candidate’s resume or in the interview. Don’t miss these red flags when you conduct your next job interview. They will save you time and money. IN THIS EPISODE: [00:20] Danielle explains how to go “all-in” on building a stable of five-star employees [03:30] Danielle offers a resource form on their web...2023-10-3133 min
Profit First NationEp. 144- Fixing the Errors of MishiresHow often have you hired someone only to discover they were a “Mis-Hire.” Today’s episode of Profit First Nation is about hiring mistakes that could have been avoided. Danielle gives examples of failed hirings and the points the interviewer overlooked on the candidate’s resume or in the interview. Don’t miss these red flags when you conduct your next job interview. They will save you time and money. IN THIS EPISODE: [00:20] Danielle explains how to go “all-in” on building a stable of five-star employees [03:30] Danielle offers a resource form on their web...2023-10-3133 min
Profit First NationEp. 143- Your Price Controls Your ProfitJoin Danielle in this episode as she unlocks the secrets of pricing for business success! From pricing's impact to the pitfalls of arbitrary pricing, this episode is your golden ticket to wealth-building, with the five principles for pricing triumph. Ensure you seize the opportunity to connect with Profit First Nation for continuous support, as your business success is the ultimate gem on this journey! TIMESTAMPS: [05:26] Discussion on the impact of pricing on business success and profitability. [12:10] The role of pricing in customer acquisition, experience, and retention. [15:00] Importance of bui...2023-10-2435 min
Profit First NationEp. 143- Your Price Controls Your ProfitJoin Danielle in this episode as she unlocks the secrets of pricing for business success! From pricing's impact to the pitfalls of arbitrary pricing, this episode is your golden ticket to wealth-building, with the five principles for pricing triumph. Ensure you seize the opportunity to connect with Profit First Nation for continuous support, as your business success is the ultimate gem on this journey! TIMESTAMPS: [05:26] Discussion on the impact of pricing on business success and profitability. [12:10] The role of pricing in customer acquisition, experience, and retention. [15:00] Imp...2023-10-2435 min
Profit First NationEp. 142- Don’t Be the HubHow can you significantly increase your business’ value? In the latest Profit First Nation episode, Danielle shines a spotlight on the pivotal strategy of steering clear of the central hub role. Exploring the adverse effects on business valuation when entrepreneurs find themselves at the epicenter for their employees, customers, and suppliers. Danielle encourages entrepreneurs to proactively declare a future four-week vacation, setting the wheels in motion to diminish dependency on their presence. It's a journey toward permanent profitability and max valuation by breaking free from the hub and spoke model...2023-10-1725 min
Profit First NationEp. 142- Don’t Be the HubHow can you significantly increase your business’ value? In the latest Profit First Nation episode, Danielle shines a spotlight on the pivotal strategy of steering clear of the central hub role. Exploring the adverse effects on business valuation when entrepreneurs find themselves at the epicenter for their employees, customers, and suppliers. Danielle encourages entrepreneurs to proactively declare a future four-week vacation, setting the wheels in motion to diminish dependency on their presence. It's a journey toward permanent profitability and max valuation by breaking free from the hub and spoke model...2023-10-1725 min
Profit First NationEp. 141 -Seas the Day and Take Your Vitamin SeeA well-structured schedule is essential to achieve permanent profitability in your business. In this episode, Danielle gives a picture-perfect, ideal schedule of successfully managing her time across her multiple companies, and her team members. Once you have mastered the ideal schedule, she unveils eight sure-fire tips to enhance the Vitamin SEE within your organization. If you are still trying to figure out what Vitamin SEE entails, this podcast will help you seas the day and keeping your business on course to permanent profitability. SHOW NOTES: [00:21] Being a proactive, profitable entrepreneur and...2023-10-1025 min
Profit First NationEp. 141 -Seas the Day and Take Your Vitamin SeeA well-structured schedule is essential to achieve permanent profitability in your business. In this episode, Danielle gives a picture-perfect, ideal schedule of successfully managing her time across her multiple companies, and her team members. Once you have mastered the ideal schedule, she unveils eight sure-fire tips to enhance the Vitamin SEE within your organization. If you are still trying to figure out what Vitamin SEE entails, this podcast will help you seas the day and keeping your business on course to permanent profitability. SHOW NOTES: [00:21] Being a proactive, profitable entrepreneur and...2023-10-1025 min
Profit First NationEp. 140- Doing Profit First Right vs Ish: Question & AnswersDanielle delves into dissecting 10 misconceptions or fallacies surrounding Profit First. This cash management strategy isn't intended to function autonomously; instead, it's meant to be applied meticulously, adhering to its principles. Fragmented utilization is not its intended approach. In this episode, Danielle outlines ten instances of business owners misapplying or misconstruing Profit First. Be sure to revisit this episode for a great “how-to” reference. IN THIS EPISODE: [00:17] Danielle outlines the ten myths or misunderstandings about Profit First. #1 What is the purpose of Profit First [03:3...2023-10-0429 min
Profit First NationEp. 140- Doing Profit First Right vs Ish: Question & AnswersDanielle delves into dissecting 10 misconceptions or fallacies surrounding Profit First. This cash management strategy isn't intended to function autonomously; instead, it's meant to be applied meticulously, adhering to its principles. Fragmented utilization is not its intended approach. In this episode, Danielle outlines ten instances of business owners misapplying or misconstruing Profit First. Be sure to revisit this episode for a great “how-to” reference. IN THIS EPISODE: [00:17] Danielle outlines the ten myths or misunderstandings about Profit First. #1 What is the purpose of Profit First [03:3...2023-10-0429 min
Profit First NationEp. 139- Resume Red Flags Too Costly to IgnoreDanielle may hit a nerve or two in this episode when she highlights the RED FLAGS you cannot ignore when it comes to making 5-Star Employee Hires. For most businesses, PAYROLL is your biggest expense and can be a significant drain on your profitability when you make a hiring mistake. When your payroll is full of average, ho-hum, or worse employees – you need more labor at more expense to do the work that just one 5-Star Employee can accomplish. Remember: If 5-Star Employees represent the top 15% of availabl...2023-09-2626 min
Profit First NationEp. 139- Resume Red Flags Too Costly to IgnoreDanielle may hit a nerve or two in this episode when she highlights the RED FLAGS you cannot ignore when it comes to making 5-Star Employee Hires. For most businesses, PAYROLL is your biggest expense and can be a significant drain on your profitability when you make a hiring mistake. When your payroll is full of average, ho-hum, or worse employees – you need more labor at more expense to do the work that just one 5-Star Employee can accomplish. Remember: If 5-Star Employees represent the top 15% of availabl...2023-09-2626 min
Profit First NationEp. 138- Profitable Insights with Mike MichalowiczMike Michalowicz shares the microphone with Danielle and responds to questions from listeners just like yourself. Listen in to understand his innovative, time-tested approaches to successfully managing a business in the zone of permanent profitability. Furthermore, Mike delves into the importance of enlisting a Profit First-Certified Accountant, Bookkeeper or Coach.. Stay tuned until the end of this episode for an exciting announcement Mike will share. IN THIS EPISODE: [00:39] Question One. Should I add a retirement account to my hidden account, and how to set up a retirement account [05:40] Question Two. Can I ma...2023-09-1923 min
Profit First NationEp. 138- Profitable Insights with Mike MichalowiczMike Michalowicz shares the microphone with Danielle and responds to questions from listeners just like yourself. Listen in to understand his innovative, time-tested approaches to successfully managing a business in the zone of permanent profitability. Furthermore, Mike delves into the importance of enlisting a Profit First-Certified Accountant, Bookkeeper or Coach.. Stay tuned until the end of this episode for an exciting announcement Mike will share. IN THIS EPISODE: [00:39] Question One. Should I add a retirement account to my hidden account, and how to set up a retirement account [05:40] Question Two. Can I ma...2023-09-1923 min
Profit First NationEp. 137- The 8 Steps to Productize Your Service to Create a New Revenue StreamDanielle delves into a comprehensive process comprising eight steps for transforming your service or product into a marketable offering. These steps are universally applicable to a wide array of services or products. By implementing these steps in your business, you'll gain clarity and direction and, most importantly, establish a fresh source of revenue. Through illustrative examples and explanations, she presents the information in an easily understandable way. Get ready to take notes, as this episode is a must-watch to ensure your business grows as it could. IN THIS EPISODE: [00:20] Danielle exp...2023-09-1227 min
Profit First NationEp. 137- The 8 Steps to Productize Your Service to Create a New Revenue StreamDanielle delves into a comprehensive process comprising eight steps for transforming your service or product into a marketable offering. These steps are universally applicable to a wide array of services or products. By implementing these steps in your business, you'll gain clarity and direction and, most importantly, establish a fresh source of revenue. Through illustrative examples and explanations, she presents the information in an easily understandable way. Get ready to take notes, as this episode is a must-watch to ensure your business grows as it could. IN THIS EPISODE: [00:20] Danielle exp...2023-09-1227 min
Profit First NationEp. 136- Renee’s Profit First JourneyIn this episode, we dive into Renee Moore's Profit First journey at Canine Craze Performance Center. Discover how she revamped her business by restructuring classes, introducing a membership model, and doubling consulting fees. Renee's story highlights the power of embracing change, pushing boundaries, and committing to Profit First principles for remarkable improvements in profitability and efficiency. Join us for an inspiring journey of transformation and growth. IN THIS EPISODE: [00:40] Introduction to Renee Moore, owner of Canine Craze Performance Center in Urbandale, Iowa, and creator of Dog Perfect and Puppy Perfect online training pr...2023-09-0530 min
Profit First NationEp. 136- Renee’s Profit First JourneyIn this episode, we dive into Renee Moore's Profit First journey at Canine Craze Performance Center. Discover how she revamped her business by restructuring classes, introducing a membership model, and doubling consulting fees. Renee's story highlights the power of embracing change, pushing boundaries, and committing to Profit First principles for remarkable improvements in profitability and efficiency. Join us for an inspiring journey of transformation and growth. IN THIS EPISODE: [00:40] Introduction to Renee Moore, owner of Canine Craze Performance Center in Urbandale, Iowa, and creator of Dog Perfect and Puppy Perfect online training pr...2023-09-0530 min
Profit First NationEp. 135- Unlocking Cash Flow Secrets: AI's Impact on Bookkeeping and the Power of Sharing the PieBillie Anne Grigg, the Chief Strategic Guide for Profit First Professionals and Danielle delve into cash flow and explore the role of AI in the context of bookkeeping.. Lastly, they shift their focus to the concept of a "piece of the pie." This seemingly unrelated notion is profoundly relevant to businesses. The discussion underscores how companies often diversify beyond their core focus when they should engage complementary business professionals to serve the client. Metaphorically, the pie can and should be shared by all. IN THIS EPISODE: [01:06] Why do we focus on cashflow projections with P...2023-08-2926 min
Profit First NationEp. 135- Unlocking Cash Flow Secrets: AI's Impact on Bookkeeping and the Power of Sharing the PieBillie Anne Grigg, the Chief Strategic Guide for Profit First Professionals and Danielle delve into cash flow and explore the role of AI in the context of bookkeeping.. Lastly, they shift their focus to the concept of a "piece of the pie." This seemingly unrelated notion is profoundly relevant to businesses. The discussion underscores how companies often diversify beyond their core focus when they should engage complementary business professionals to serve the client. Metaphorically, the pie can and should be shared by all. IN THIS EPISODE: [01:06] Why do we focus on cashflow projections with P...2023-08-2926 min
Profit First NationEp. 134 - How and Why to Let Employees GoHost Danielle Mulvey shares critical information on your bottom line! How do we increase profitability? In one or both of two ways because the only two ways are to increase margin and / or decrease expenses. Payroll often represents the largest expense in many businesses. Your average, ho-hum or worse employees who are collecting a paycheck and doing little to nothing to earn that paycheck are killing your profitability!!! In this episode, Danielle outlines four reasons why some employees simply need to be shown the door. Furthermore, she streamlines your task by offering guidance on h...2023-08-2227 min
Profit First NationEp. 134 - How and Why to Let Employees GoHost Danielle Mulvey shares critical information on your bottom line! How do we increase profitability? In one or both of two ways because the only two ways are to increase margin and / or decrease expenses. Payroll often represents the largest expense in many businesses. Your average, ho-hum or worse employees who are collecting a paycheck and doing little to nothing to earn that paycheck are killing your profitability!!! In this episode, Danielle outlines four reasons why some employees simply need to be shown the door. Furthermore, she streamlines your task by offering guidance on h...2023-08-2227 min
Profit First NationEp. 133 Bonus - Motherhood, Apple Pie and All That Happy HorseshitDanielle and Cyndi Thomason, an expert certified in Profit First at the mastery level and the author of Profit First for E-commerce Sellers, explore the critical role of inventory in determining the success of your business. Cyndi shares valuable techniques for managing inventory levels and emphasizes the importance of maintaining distinct accounts. They will also investigate the advertising budget, highlighting the recommended percentage allocation for this aspect. This episode offers valuable insights and practical advice for ensuring the profitability of your business. IN THIS EPISODE: [01:27] Cyndi talks about why inventory can be a serious p...2023-08-1033 min
Profit First NationEp. 133 Bonus - Motherhood, Apple Pie and All That Happy HorseshitDanielle and Cyndi Thomason, an expert certified in Profit First at the mastery level and the author of Profit First for E-commerce Sellers, explore the critical role of inventory in determining the success of your business. Cyndi shares valuable techniques for managing inventory levels and emphasizes the importance of maintaining distinct accounts. They will also investigate the advertising budget, highlighting the recommended percentage allocation for this aspect. This episode offers valuable insights and practical advice for ensuring the profitability of your business. IN THIS EPISODE: [01:27] Cyndi talks about why inventory can be a serious p...2023-08-1033 min
Profit First NationEp. 133 - Mastering Inventory for E-Commerce Success: Expert Tips from Certified Profit First Professional Cyndi Thomason,Danielle and Cyndi Thomason, an expert certified in Profit First at the mastery level and the author of Profit First for E-commerce Sellers, explore the critical role of inventory in determining the success of your business. Cyndi shares valuable techniques for managing inventory levels and emphasizes the importance of maintaining distinct accounts. They will also investigate the advertising budget, highlighting the recommended percentage allocation for this aspect. This episode offers valuable insights and practical advice for ensuring the profitability of your business. IN THIS EPISODE: [01:27] Cyndi talks about why inventory can be a serious p...2023-08-0834 min
Profit First NationEp. 133 - Mastering Inventory for E-Commerce Success: Expert Tips from Certified Profit First Professional Cyndi Thomason,Danielle and Cyndi Thomason, an expert certified in Profit First at the mastery level and the author of Profit First for E-commerce Sellers, explore the critical role of inventory in determining the success of your business. Cyndi shares valuable techniques for managing inventory levels and emphasizes the importance of maintaining distinct accounts. They will also investigate the advertising budget, highlighting the recommended percentage allocation for this aspect. This episode offers valuable insights and practical advice for ensuring the profitability of your business. IN THIS EPISODE: [01:27] Cyndi talks about why inventory can be a serious p...2023-08-0834 min
Profit First NationEp. 132 - Boost Your Business's Value and Maximize Profit: 4 Strategies to Amplify ProfitabilityDanielle presents a significant subject today, which holds importance regardless of the duration of your business. How can you increase the value of your business, ensuring a premium price/offer upon its sale? Business owners typically exit their business for one of three reasons. Begin strategizing for your exit today so your motivations align with your intended plans. In this episode, Danielle will outline four strategies that will amplify your business's profitability. IN THIS EPISODE: [00:00] Danielle will talk about exiting your business, and the first question to answer regarding leaving your business [06:23] How do y...2023-08-0130 min
Profit First NationEp. 132 - Boost Your Business's Value and Maximize Profit: 4 Strategies to Amplify ProfitabilityDanielle presents a significant subject today, which holds importance regardless of the duration of your business. How can you increase the value of your business, ensuring a premium price/offer upon its sale? Business owners typically exit their business for one of three reasons. Begin strategizing for your exit today so your motivations align with your intended plans. In this episode, Danielle will outline four strategies that will amplify your business's profitability. IN THIS EPISODE: [00:00] Danielle will talk about exiting your business, and the first question to answer regarding leaving your business [06:23] How do y...2023-08-0130 min
Profit First NationEp. 131 - Unlocking Intentional Growth: 6 Steps for Increased Profitability and Deliberate ExpansionWhat does intentional growth mean? We're not referring to the physical size of your premises or the number of employees you have. We're focusing on profitability scaling your business! In this episode, Danielle leads us through six steps for intentional growth. If you want deliberate expansion and increased profitability, you need to be purposeful in following these six steps.! IN THIS EPISODE: [00:00] The topic of the day is intentional profitability growth [00:49] No. 1. Committing to growing intentionally starts with the owner's salary. Opt into the resource page on t...2023-07-2530 min
Profit First NationEp. 131 - Unlocking Intentional Growth: 6 Steps for Increased Profitability and Deliberate ExpansionWhat does intentional growth mean? We're not referring to the physical size of your premises or the number of employees you have. We're focusing on profitability scaling your business! In this episode, Danielle leads us through six steps for intentional growth. If you want deliberate expansion and increased profitability, you need to be purposeful in following these six steps.! IN THIS EPISODE: [00:00] The topic of the day is intentional profitability growth [00:49] No. 1. Committing to growing intentionally starts with the owner's salary. Opt into the resource page on t...2023-07-2530 min
Profit First NationEp. 130 - Mastering Profit First: A Comprehensive Guide to Allocating Funds for Financial SuccessIn today's episode, Danielle Mulvey guides us through the fundamental process of allocating funds in the Profit First system. Additionally, she highlights the contrast between Profit First and Advanced Profit First. Danielle provides an extensive overview of the three phases and the twelve steps that lead to financial success. It's important to note that Profit First is not a "set-it-and-forget-it" approach. The podcast also includes answers to viewers' questions. Make sure to have a pen and paper handy, as valuable tips are shared in today's episode. IN THIS EPISODE: [02:42] Danielle explains why you should...2023-07-1830 min
Profit First NationEp. 130 - Mastering Profit First: A Comprehensive Guide to Allocating Funds for Financial SuccessIn today's episode, Danielle Mulvey guides us through the fundamental process of allocating funds in the Profit First system. Additionally, she highlights the contrast between Profit First and Advanced Profit First. Danielle provides an extensive overview of the three phases and the twelve steps that lead to financial success. It's important to note that Profit First is not a "set-it-and-forget-it" approach. The podcast also includes answers to viewers' questions. Make sure to have a pen and paper handy, as valuable tips are shared in today's episode. IN THIS EPISODE: [02:42] Danielle explains why you should do your...2023-07-1830 min
Profit First NationEp. 129 - How to Leverage Indeed Job posts to Attract THE BEST ApplicantsToday, Danielle explores a significant cost for your business: payroll. Making the right hiring decisions can benefit your financial results or lead to major errors. Where can you locate 5-Star employees? Danielle provides statistics on where you will find candidates. She also provides a comprehensive overview of the Indeed Job Posts website, offering valuable insights on effectively recruiting through this job posts platform. IN THIS EPISODE: [00:00] Payroll is one of your business's most significant expenses, and you need a 3 X return. Danielle shares her own experience of having 5-star employees [04:30] Using the Indeed Job Po...2023-07-1132 min
Profit First NationEp. 129 - How to Leverage Indeed Job posts to Attract THE BEST ApplicantsToday, Danielle explores a significant cost for your business: payroll. Making the right hiring decisions can benefit your financial results or lead to major errors. Where can you locate 5-Star employees? Danielle provides statistics on where you will find candidates. She also provides a comprehensive overview of the Indeed Job Posts website, offering valuable insights on effectively recruiting through this job posts platform. IN THIS EPISODE: [00:00] Payroll is one of your business's most significant expenses, and you need a 3 X return. Danielle shares her own experience of having 5-star employees [04:30] Using the Indeed Job Po...2023-07-1132 min
Profit First NationEp. 128 - Profit First Secrets Revealed: Mastering Initial Expenses and Achieving Profitability from Day One with Mike MichalowiczMike Michalowicz, the author of Profit First, addresses inquiries from the audience. He will delve into the initial expenses for budding enterprises and emphasize the importance of achieving profitability right from the beginning. He cautions against squandering funds on trivial items during the early stages of business establishment. Danielle invites you to a workshop on July 12th on Reverse Engineering, enabling you to ascertain your financial figures. This episode holds valuable information for individuals involved in any aspect of a business. IN THIS EPISODE: [01:10] Mike gives his views on startup costs for a new b...2023-07-0417 min
Profit First NationEp. 128 - Profit First Secrets Revealed: Mastering Initial Expenses and Achieving Profitability from Day One with Mike MichalowiczMike Michalowicz, the author of Profit First, addresses inquiries from the audience. He will delve into the initial expenses for budding enterprises and emphasize the importance of achieving profitability right from the beginning. He cautions against squandering funds on trivial items during the early stages of business establishment. Danielle invites you to a workshop on July 12th on Reverse Engineering, enabling you to ascertain your financial figures. This episode holds valuable information for individuals involved in any aspect of a business. IN THIS EPISODE: [01:10] Mike gives his views on startup costs for a new b...2023-07-0417 min
Profit First NationBonus Episode - Transform Your Restaurant into a Profitable Venture: Insights from Kasey Anton, Author of Profit First for RestaurantsKasey Anton, the author of Profit First for Restaurants and founder of Spark Business Consulting, shares her thoughts with Mike shedding light on why some restaurants fail. Kasey has valuable advice on transforming your restaurant into a lucrative venture. Kasey will discuss the cost of a menu item, labor costs and the vital role culture plays in business success. Her book is available now, and the workbook is coming out shortly. Get a copy and see how profitable your restaurant can be. IN THIS EPISODE: [00:35] Kasey explains why she wrote the book Profit First fo...2023-06-2916 min
Profit First NationBonus Episode - Transform Your Restaurant into a Profitable Venture: Insights from Kasey Anton, Author of Profit First for RestaurantsKasey Anton, the author of Profit First for Restaurants and founder of Spark Business Consulting, shares her thoughts with Mike shedding light on why some restaurants fail. Kasey has valuable advice on transforming your restaurant into a lucrative venture. Kasey will discuss the cost of a menu item, labor costs and the vital role culture plays in business success. Her book is available now, and the workbook is coming out shortly. Get a copy and see how profitable your restaurant can be. IN THIS EPISODE: [00:35] Kasey explains why she wrote the book Profit First fo...2023-06-2916 min
Profit First NationEp. 126 - Boost Your Profits: The Power of Done For You Services Unveiled by DanielleDanielle reveals her brilliant insight that has the potential to enhance your bottom line. Many clients desire a comprehensive project solution. Have you considered expanding your services to simplify the process for your client? Try integrating "Done For You Services" into your offerings. Clients are willing to pay more for a job fully complete. Danielle gives you an example of just how easy this can be. IN THIS EPISODE: [00:25] Danielle talks about designing the programming around the next book Mike Malowitz is writing [03:51] Done for you services are incorporated into the revamped program, and th...2023-06-2023 min
Profit First NationEp. 126 - Boost Your Profits: The Power of Done For You Services Unveiled by DanielleDanielle reveals her brilliant insight that has the potential to enhance your bottom line. Many clients desire a comprehensive project solution. Have you considered expanding your services to simplify the process for your client? Try integrating "Done For You Services" into your offerings. Clients are willing to pay more for a job fully complete. Danielle gives you an example of just how easy this can be. IN THIS EPISODE: [00:25] Danielle talks about designing the programming around the next book Mike Malowitz is writing [03:51] Done for you services are incorporated into the revamped program, and th...2023-06-2023 min
Profit First NationEp. 125: Mastering Profit First: Expert Advice on Expense Categorization, Price Increases, and Inflation PreparednessIn today's episode, Billie Anne Grigg, a distinguished Chief Profit First Profession Guide, joins Danielle as they address listeners' questions about Profit First. Together, they delve into properly categorizing expenses and ensuring they are allocated to the appropriate accounts. Additionally, they tackle the often daunting prospect of raising prices. While this may seem intimidating for small business owners, they emphasize that it presents a unique opportunity to emulate the strategies employed by larger vendors. Furthermore, Billie Anne and Danielle discuss inflation and provide insights on how entrepreneurs should proactively prepare for its impact. Tune in to gain valuable knowledge...2023-06-1921 min
Profit First NationEp. 125: Mastering Profit First: Expert Advice on Expense Categorization, Price Increases, and Inflation PreparednessIn today's episode, Billie Anne Grigg, a distinguished Chief Profit First Profession Guide, joins Danielle as they address listeners' questions about Profit First. Together, they delve into properly categorizing expenses and ensuring they are allocated to the appropriate accounts. Additionally, they tackle the often daunting prospect of raising prices. While this may seem intimidating for small business owners, they emphasize that it presents a unique opportunity to emulate the strategies employed by larger vendors. Furthermore, Billie Anne and Danielle discuss inflation and provide insights on how entrepreneurs should proactively prepare for its impact. Tune in to gain valuable knowledge...2023-06-1921 min
Profit First NationEp 124 : Recruiting Five-Star Employees: A Guide to Error-Free Payroll Management and Effective Hiring StrategiesDanielle will be presenting an episode on the effective recruitment of five-star employees. Managing payroll is a significant expenditure, making it crucial to avoid errors in this vital aspect of your business. Hiring the right employee doesn't have to be a guessing game. There are established structures and principles that can assist you in selecting the ideal candidate for any position. Additionally, Danielle offers a complimentary download for a brief four-minute exercise that serves as a litmus test for assessing the eleven qualities of a five-star employee. IN THIS EPISODE: [00:17] How do you hire f...2023-06-1726 min
Profit First NationEp 124 : Recruiting Five-Star Employees: A Guide to Error-Free Payroll Management and Effective Hiring StrategiesDanielle will be presenting an episode on the effective recruitment of five-star employees. Managing payroll is a significant expenditure, making it crucial to avoid errors in this vital aspect of your business. Hiring the right employee doesn't have to be a guessing game. There are established structures and principles that can assist you in selecting the ideal candidate for any position. Additionally, Danielle offers a complimentary download for a brief four-minute exercise that serves as a litmus test for assessing the eleven qualities of a five-star employee. IN THIS EPISODE: [00:17] How do you hire f...2023-06-1726 min
Profit First NationEp. 123: Unleashing the Power of Profit First: Jeff Wickersham's Journey to Financial Transformation and Mindset MasteryJoin us as we hear from Jeff Wickersham, an accomplished author, coach, and podcast host, who generously shares his firsthand encounter with the Profit First system. Jeff enthusiastically describes it as a "Game Changer" for his businesses, highlighting a surprising realization that a venture he believed profitable was experiencing financial losses. Additionally, Jeff introduces us to his podcast, the Morning Fire for Entrepreneurs, where he dives into the power of mindset and the transformative potential it holds, even with just ten minutes a day. This episode of Profit First is genuinely uplifting and inspiring. IN T...2023-06-1629 min
Profit First NationEp. 123: Unleashing the Power of Profit First: Jeff Wickersham's Journey to Financial Transformation and Mindset MasteryJoin us as we hear from Jeff Wickersham, an accomplished author, coach, and podcast host, who generously shares his firsthand encounter with the Profit First system. Jeff enthusiastically describes it as a "Game Changer" for his businesses, highlighting a surprising realization that a venture he believed profitable was experiencing financial losses. Additionally, Jeff introduces us to his podcast, the Morning Fire for Entrepreneurs, where he dives into the power of mindset and the transformative potential it holds, even with just ten minutes a day. This episode of Profit First is genuinely uplifting and inspiring. IN T...2023-06-1629 min
Profit First NationEp. 122: The Impact Level Unveiled: Exploring the Essential Pillars of Business SuccessIn today's discussion, our primary focus is on the Business Hierarchy of Needs, specifically highlighting the Impact Level. Previous podcasts have already explored the Sales Level, Profit Level, and Order Level, all of which are accessible for you to listen to. Now, we focus on the Impact Level, where Danielle will delve into five distinct sub-topics within this domain. These areas are essential and directly influence your business, employees, and the community. Don’t overlook this crucial aspect of the Business Hierarchy of Needs. IN THIS EPISODE: [01:19] Fix this Next: Business Hierarchy of Needs. Dan...2023-06-1521 min
Profit First NationEp. 122: The Impact Level Unveiled: Exploring the Essential Pillars of Business SuccessIn today's discussion, our primary focus is on the Business Hierarchy of Needs, specifically highlighting the Impact Level. Previous podcasts have already explored the Sales Level, Profit Level, and Order Level, all of which are accessible for you to listen to. Now, we focus on the Impact Level, where Danielle will delve into five distinct sub-topics within this domain. These areas are essential and directly influence your business, employees, and the community. Don’t overlook this crucial aspect of the Business Hierarchy of Needs. IN THIS EPISODE: [01:19] Fix this Next: Business Hierarchy of Needs. Dan...2023-06-1521 min
Profit First NationEp. 121: Supercharge Your Business with Profit First: Insights from Jake A. Carlson's Modern Leadership Journey!In today's episode, Danielle is joined by Jake A. Carlson, who shares his journey with Profit First and provides information about his Modern Leadership podcast. Jake delves into the practical implementation of the Profit First account system in his businesses, even going beyond the standard required accounts. He presents fascinating examples of the system for profitability and cautions against common pitfalls. Additionally, Jake reveals his five leadership superpowers and offers a complimentary download on his website. Through Jake's valuable insights, discover more about the reliable and proven Profit First methodology. IN THIS EPISODE: [01:43] Jake explains how...2023-06-1430 min
Profit First NationEp. 120: Profit First Q&A Extravaganza: Essential Accounts, Revenue Breakdowns, and Business Evaluations UnveiledToday is a dedicated episode for questions and answers, where Danielle addresses the most commonly asked questions in depth. Profit First's guiding principle is "When in doubt, add an account." Therefore, we will discuss essential accounts that every business should have and additional accounts for specific scenarios. We will also tackle inquiries related to actual revenue, compensation for owners, distributions, and how to allocate these funds. Moreover, you will gain insights into evaluating a business you might be interested in acquiring. This episode is filled with valuable information for entrepreneurs, so don’t miss it. IN T...2023-06-1324 min
Profit First NationEp. 120: Profit First Q&A Extravaganza: Essential Accounts, Revenue Breakdowns, and Business Evaluations UnveiledToday is a dedicated episode for questions and answers, where Danielle addresses the most commonly asked questions in depth. Profit First's guiding principle is "When in doubt, add an account." Therefore, we will discuss essential accounts that every business should have and additional accounts for specific scenarios. We will also tackle inquiries related to actual revenue, compensation for owners, distributions, and how to allocate these funds. Moreover, you will gain insights into evaluating a business you might be interested in acquiring. This episode is filled with valuable information for entrepreneurs, so don’t miss it. IN T...2023-06-1324 min
Profit First NationEp. 119: Unlocking Employee Loyalty: The Five-Star Retention Strategy Revealed!In the latest episode of Profit First Nation, Danielle unveils the Five-Star Retention Strategy and emphasizes the importance of wholeheartedly adopting this approach for any thriving entrepreneur. Throughout the episode, she will provide a comprehensive breakdown of each strategy, revealing the top three desires of employees. As a business owner who has effectively established your company, it is crucial to shift your attention towards nurturing your workforce. Get ready with a pen and be prepared to jot down valuable insights, as this installment of Profit First Nation promises to become a personal favorite. IN THIS E...2023-06-1229 min
Profit First NationEp. 119: Unlocking Employee Loyalty: The Five-Star Retention Strategy Revealed!In the latest episode of Profit First Nation, Danielle unveils the Five-Star Retention Strategy and emphasizes the importance of wholeheartedly adopting this approach for any thriving entrepreneur. Throughout the episode, she will provide a comprehensive breakdown of each strategy, revealing the top three desires of employees. As a business owner who has effectively established your company, it is crucial to shift your attention towards nurturing your workforce. Get ready with a pen and be prepared to jot down valuable insights, as this installment of Profit First Nation promises to become a personal favorite. IN THIS E...2023-06-1229 min
Profit First NationEp 118: Maximizing Business Profitability: Expert Tips from Mike Michalowicz on the Power of the Pareto Principle and Transformations in Banking In this episode, we welcome back renowned business author and speaker Mike Michalowicz as we discuss crucial financial strategies for businesses. We explore how to make a transformation like moving from one business bank account to five, we also delve into the power of the Pareto Principle when it comes to managing your customer roster and maximizing profitability. Plus, we offer expert advice on how much to keep in your financial vault account for OpEx, and where and how to open your five core accounts. Tune in for valuable insights and practical tips to revolutionize y...2022-07-3029 min
Profit First NationEp 118: Maximizing Business Profitability: Expert Tips from Mike Michalowicz on the Power of the Pareto Principle and Transformations in Banking In this episode, we welcome back renowned business author and speaker Mike Michalowicz as we discuss crucial financial strategies for businesses. We explore how to make a transformation like moving from one business bank account to five, we also delve into the power of the Pareto Principle when it comes to managing your customer roster and maximizing profitability. Plus, we offer expert advice on how much to keep in your financial vault account for OpEx, and where and how to open your five core accounts. Tune in for valuable insights and practical tips to revolutionize y...2022-07-3029 min
Profit First NationEp. 108: From Struggling to Successful: Entrepreneurs Share Their Journeys with Mike Michalowicz Discover the secrets to their success and learn how you can apply their strategies to your own business. Don't miss this episode filled with real-life stories of triumph and inspiration.2022-05-1025 min
Profit First NationEp. 108: From Struggling to Successful: Entrepreneurs Share Their Journeys with Mike Michalowicz Discover the secrets to their success and learn how you can apply their strategies to your own business. Don't miss this episode filled with real-life stories of triumph and inspiration.2022-05-1025 min
Profit First NationEp. 98: Ask Mike Anything: Tax Accounts, Non-Profits, and Hobby Businesses It's time for another Ask Mike Anything episode, where Mike Michalowicz reads and answers your emails to support you on your Profit First journey. Join us as we cover tax accounts from different angles, discuss how Profit First can work for non-profits, and explore the importance of treating a "hobby business" like a real business (and why you should stop calling it a "hobby business"). Don't miss this opportunity to get your questions answered by the Profit First master himself!2022-02-2520 min
Profit First NationEp. 98: Ask Mike Anything: Tax Accounts, Non-Profits, and Hobby Businesses It's time for another Ask Mike Anything episode, where Mike Michalowicz reads and answers your emails to support you on your Profit First journey. Join us as we cover tax accounts from different angles, discuss how Profit First can work for non-profits, and explore the importance of treating a "hobby business" like a real business (and why you should stop calling it a "hobby business"). Don't miss this opportunity to get your questions answered by the Profit First master himself!2022-02-2520 min
Profit First NationEp. 94: 17 Fixes for Achieving Profit Level Permanently: Lessons from "Fix This Next Join us as we revisit the PROFIT Level fixes from Mike Michalowicz's book, "Fix This Next." We'll cover five key topics, including Debt Eradication, Margin Health, and Profitable Leverage, and share 17 very specific fixes you can apply to achieve permanent profitability in your business. Whether you're just starting out or looking to take your business to the next level, this episode is packed with insights and strategies for achieving long-term financial success. Don't miss out!2022-01-3026 min
Profit First NationEp. 94: 17 Fixes for Achieving Profit Level Permanently: Lessons from "Fix This Next Join us as we revisit the PROFIT Level fixes from Mike Michalowicz's book, "Fix This Next." We'll cover five key topics, including Debt Eradication, Margin Health, and Profitable Leverage, and share 17 very specific fixes you can apply to achieve permanent profitability in your business. Whether you're just starting out or looking to take your business to the next level, this episode is packed with insights and strategies for achieving long-term financial success. Don't miss out!2022-01-3026 min
Profit First NationEp. 89: Ignite Your Marketing Overnight: The Power of "Different" with Justin Wise2021-12-2320 min
Profit First NationEp. 88: Reading Mike Michalowicz's Inbox Join Mike Michalowicz and Danielle as they dive into another episode of "Reading Mike's Inbox." In this episode, they'll be sharing some of the most interesting and entertaining emails that Mike has received recently. From funny stories to insightful questions, you never know what you'll find in Mike's inbox. Tune in now to see what's in store for episode 8!2021-12-1727 min
Profit First NationEp. 88: Reading Mike Michalowicz's Inbox Join Mike Michalowicz and Danielle as they dive into another episode of "Reading Mike's Inbox." In this episode, they'll be sharing some of the most interesting and entertaining emails that Mike has received recently. From funny stories to insightful questions, you never know what you'll find in Mike's inbox. Tune in now to see what's in store for episode 8!2021-12-1727 min
Profit First NationEp. 74: Opt-In for Our Bootcamp and Learn How to Objectively Rate Your Employees Our guests emphasize the importance of not settling for average or ho-hum employees and provide valuable insights into how to find and retain great talent. 2021-09-0921 min
Profit First NationEp. 69: Oops, I Did It Again: The ALL IN Company They invite listeners to explore the company's website at www.TheALLINCompany.com and emphasize that the deadline for the free community application is Wednesday, August 11, 2021. 2021-08-0523 min
Profit First NationEp. 54: Maximizing Profitability with Quarterly Expense Reviews: Insights from Danielle Mulvey Be sure to download the episode's associated checklist at www.profitfirstnation.com/resources, or opt-in to receive resources for each new episode via text message by providing your cell number. 2021-04-2228 min
Profit First NationEp. 48: The Power of "Take" Over "Make" for Financial Freedom In this episode, Mike Michalowicz shares his signature "Mike-isms" that will give you more confidence, security, and cash in the bank for profitable business growth and financial freedom. By changing one word in your vocabulary, from "make" to "take," you can shift your focus to what matters most in business - maximizing profitability. Discover simple yet profound insights and strategies that will help you achieve the ultimate entrepreneurial dream with a strong financial foundation. Tune in for expert advice that will provide more runway for your business and make you rich.2021-03-1123 min
Profit First NationEp. 48: The Power of "Take" Over "Make" for Financial Freedom In this episode, Mike Michalowicz shares his signature "Mike-isms" that will give you more confidence, security, and cash in the bank for profitable business growth and financial freedom. By changing one word in your vocabulary, from "make" to "take," you can shift your focus to what matters most in business - maximizing profitability. Discover simple yet profound insights and strategies that will help you achieve the ultimate entrepreneurial dream with a strong financial foundation. Tune in for expert advice that will provide more runway for your business and make you rich.2021-03-1123 min
Profit First NationEp 34: Maximizing Profit First: Celebrating with Profit Distribution at the End of Each Quarter Danielle and Mike Michalowicz discuss the eleventh step of Profit First, which is celebrating profit distribution at the end of every quarter. They explain that at the end of every quarter, entrepreneurs should check the balance in their profit hold account and take out 50% of that profit account to distribute to shareholders. This money that stays in the business is called cash equity, and the profit distribution can be used for anything that rewards the shareholder. They warn against the idea of plowing back or reinvesting the money into the business, as it is not a cash distribution to...2020-12-0324 min
Profit First NationEp 34: Maximizing Profit First: Celebrating with Profit Distribution at the End of Each Quarter Danielle and Mike Michalowicz discuss the eleventh step of Profit First, which is celebrating profit distribution at the end of every quarter. They explain that at the end of every quarter, entrepreneurs should check the balance in their profit hold account and take out 50% of that profit account to distribute to shareholders. This money that stays in the business is called cash equity, and the profit distribution can be used for anything that rewards the shareholder. They warn against the idea of plowing back or reinvesting the money into the business, as it is not a cash distribution to...2020-12-0324 min
Profit First NationEp. 30: Q&A Session: Profit First Guide Danielle Mulvey Answers Insightful Business Questions As tradition dictates for episodes that end in "ZERO," Danielle shares her candid insights and expertise to help listeners gain a better understanding of key business concepts and strategies. 2020-11-0525 min
Profit First NationEp. 30: Q&A Session: Profit First Guide Danielle Mulvey Answers Insightful Business Questions As tradition dictates for episodes that end in "ZERO," Danielle shares her candid insights and expertise to help listeners gain a better understanding of key business concepts and strategies. 2020-11-0525 min
Profit First NationEp. 11: Recession Response: Strategies for Thriving in Challenging Times In the face of economic uncertainty, many entrepreneurs are struggling to figure out how to survive and thrive. In this episode, we explore Mike Michalowicz's concept of "Recession Response" and share practical exercises and strategies for navigating challenging times. From focusing on your core offerings to pivoting your business model, we cover a range of tactics for staying competitive and resilient in the face of adversity. Whether you're a seasoned entrepreneur or just starting out, this episode is packed with valuable insights and actionable advice for building a recession-proof business. Join us for a fascinating c...2020-06-2521 min
Profit First NationEp. 11: Recession Response: Strategies for Thriving in Challenging Times In the face of economic uncertainty, many entrepreneurs are struggling to figure out how to survive and thrive. In this episode, we explore Mike Michalowicz's concept of "Recession Response" and share practical exercises and strategies for navigating challenging times. From focusing on your core offerings to pivoting your business model, we cover a range of tactics for staying competitive and resilient in the face of adversity. Whether you're a seasoned entrepreneur or just starting out, this episode is packed with valuable insights and actionable advice for building a recession-proof business. Join us for a fascinating c...2020-06-2521 min
Profit First NationEp. 2: Mastering the First Three Steps of Profit First Implementation Join us in this episode as we dive into the first three steps of implementing Profit First in your business. We discuss the crucial first step of "Getting Your Butt to the Bank" and how it sets the foundation for the entire system. We also cover steps two and three and provide expert insights from Profit First creator, Mike Michalowicz, on why spreadsheets don't work in this system. Tune in to master the first three steps of Profit First and take your business's financial management to the next level. Download Show Notes2020-04-2124 min
Profit First NationEp. 2: Mastering the First Three Steps of Profit First Implementation Join us in this episode as we dive into the first three steps of implementing Profit First in your business. We discuss the crucial first step of "Getting Your Butt to the Bank" and how it sets the foundation for the entire system. We also cover steps two and three and provide expert insights from Profit First creator, Mike Michalowicz, on why spreadsheets don't work in this system. Tune in to master the first three steps of Profit First and take your business's financial management to the next level. Download Show Notes2020-04-2124 min
Profit First NationEp. 1: The Inception Episode In this episode, we explore the concept of "owning your financials" and how it can transform your approach to business ownership. Guest Danielle shares her "a-ha" moment when she realized the importance of taking control of her business's finances. We also hear from Profit First creator, Mike Michalowicz, on the "Failure Phenomenon" and how to overcome the fear of failure in business. Join us for an inspiring and informative discussion on the crucial step of owning your financials and taking charge of your business's financial success. Download Show Notes2020-04-2124 min
Profit First NationEp. 1: The Inception Episode In this episode, we explore the concept of "owning your financials" and how it can transform your approach to business ownership. Guest Danielle shares her "a-ha" moment when she realized the importance of taking control of her business's finances. We also hear from Profit First creator, Mike Michalowicz, on the "Failure Phenomenon" and how to overcome the fear of failure in business. Join us for an inspiring and informative discussion on the crucial step of owning your financials and taking charge of your business's financial success. Download Show Notes2020-04-2124 min