A Gift For You!

2. A Gift For You!

3. Parkinson’s Law • Demand expands to meet the Supply • Applies to toothpaste, time and MONEY

4. Bank Balance Accounting • Leverage The Behavior • Skip the Accounting and Access the Account • Deposits Dictate the Expenses

5. Always Take Your Profit Focus on what comes First! Sales - Profit Expenses

6. 4 Steps To Profit First – STEP 1: Use Small Plates • Multiple Small Plates • (remember Parkinson’s Law) • Setup the 5 Core Accounts: • Income • Profit • Owner’s Comp • Taxes • Operating Expenses

7. 4 Steps To Profit First – STEP 1 cont.

8. 4 Steps To Profit First – STEP 1 cont. Real Revenue is your Total Income/Total Revenue/Sales MINUS Material & Subs. **This is the number that your allocations are based on.** Real Revenue = Total Income - Material & Subs

9. 4 Steps To Profit First – STEP 2: Follow the Sequence Eat Vegetables First Allocate Distribute Pay Bills LAST

10. 4 Steps To Profit First – STEP 3: Remove Temptation • Transfer Profit & Tax to Remote Accounts • Out of Sight, Out of Mind

11. 4 Steps To Profit First – STEP 4: Implement a Rhythm • The 10/25 Rule • The Quarterly Profit Distribution • The Quarterly CAPs Adjustment • *Plus my personal recommendation

12. Owner of Austin PlumberyProfit First Certified Financial Coach www.deborahwhitby.com hello@deborahwhitby.com CONTACT

13. Q&A