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An Accountant’s Perspective on Profit First

By Matt Patrick / May 28, 2019 / Comments Off on An Accountant’s Perspective on Profit First

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…

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How Do I Implement Profit First?

By Matt Patrick / April 30, 2019 / Comments Off on How Do I Implement Profit First?

Joshua 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…

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Four Ways to Implement Profit First in Your Business

By Matt Patrick / April 3, 2019 / Comments Off on Four Ways to Implement Profit First in Your Business

Profit 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.…

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What if your accountant could help you make your business more profitable?

By Matt Patrick / March 26, 2019 / Comments Off on What if your accountant could help you make your business more profitable?

You 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,…

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Why You Shouldn’t Attempt Profit First Alone

By Matt Patrick / March 19, 2019 / Comments Off on Why You Shouldn’t Attempt Profit First Alone

In 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…

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Everything You Ever Wanted to Know About Profit (and then some!)

By Matt Patrick / March 14, 2019 / Comments Off on Everything You Ever Wanted to Know About Profit (and then some!)

In 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…

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Five Reasons You Should Implement Profit First for Your Business

By Matt Patrick / March 7, 2019 / Comments Off on Five Reasons You Should Implement Profit First for Your Business

Here 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…

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You Must Focus on This if You Want Your Business to Succeed

By Matt Patrick / January 16, 2019 / Comments Off on You Must Focus on This if You Want Your Business to Succeed

Do 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…

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3 Reasons to Read Profit First by Mike Michalowicz

By Matt Patrick / January 9, 2019 / Comments Off on 3 Reasons to Read Profit First by Mike Michalowicz

Occasionally 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.…

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How to Boost Your Profit With Parkinson’s Law

By Matt Patrick / November 13, 2018 / Comments Off on How to Boost Your Profit With Parkinson’s Law

Do 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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