We’ve been talking a lot about Profit First the last several months. Profit First is the accounting practice that is revolutionizing our clients’ businesses. If you missed any of the posts, I’ve included them below. 3 Reasons to Read Profit First by Mike Michalowicz You Must Focus on This if You Want Your Business to…
Read MoreJoshua Chamberlain is quite possibly the one man responsible for the U.S. winning WWII. This is impressive considering that he fought in the Civil War. Chamberlain was a college professor in Maine who volunteered to join the Union Army during the Civil War. He is best known for a single moment of action at the…
Read MoreProfit First is a radical accounting system that will transform your business. Since the book’s release in 2017, 30,000 businesses have put it into practice, and they’ve seen incredible results! We’ve already done several introductory posts on Profit First. (If you’re just joining us, take a couple of minutes and take a look through these.…
Read MoreYou don’t have to look far to find people who fail to meet expectations. (Just Google “you had one job” or head over to hadonejob.com for a long list of hilarious examples…after you finish reading this post, of course!) Fortunately, most of the world is populated by dependable people who get up, go to work,…
Read MoreIn 1933, a Detroit radio station introduced a man who quickly captivated the hearts and minds of millions of people around the world. Before long, he was the star of a regular radio show, books, television, movies, and even comic books. And he did it all without ever really telling anyone who he was…or fully…
Read MoreIn last week’s post, I gave five reasons why small business owners should consider implementing a revolutionary, counter-intuitive accounting method called “Profit First.” (ICYMI, here’s another post I did on it last year too.) I realize that last week was a 30,000 foot view of the idea, so you probably have a lot of questions…and…
Read MoreHere in the South, it’s not unusual for someone’s famous last words to be: “Hey, y’all! Watch this!” More than likely, someone responded with, “I wouldn’t do that if I were you.” Have you ever gotten a really great piece of advice from a friend—that you proceeded to totally ignore? Have you regretted it ever…
Read MoreDo you love profit? We do. And not in a shallow, superficial kind of way. We love profit because of what it means and what it can accomplish for business owners. 1. Profit is a reliable indicator of your business’ health. We all have different reasons for starting businesses. I started Patrick Accounting because I…
Read MoreOccasionally you find something that feels revolutionary. Something that changes your perspective and opens your eyes to new possibilities. Profit First proved to be one of those experiences for me. Accounting has been done a certain way for a very long time, the basis of such is a simple formula: sales – expenses = profit.…
Read MoreDo you remember when cell phone plans weren’t unlimited? You may have had unlimited nights and weekends but only a few hundred minutes for the rest of the month. If you were like me, you kept a constant eye on minutes because going over your limit cost a ton of money! It also meant staying…
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