PROFIT FIRST CERTIFIED PROFESSIONALS
I started my company back in 2007 and for years I struggled and stressed about my business. I came across Profit First in 2016 and implemented it immediately. After 2 months of doing Profit First for myself I was stressing less, acting with more confidence, and making better decisions. I even slept better at night! I knew I had to do this for others and became a Profit First Professional. I started off by doing what I before would have thought unthinkable – I fired a client. I removed a toxic client that was 30% of my business, but because of Profit First, we have not only managed; we have flourished! We quickly replaced that business with better, more profitable clients. I’m happy, confident, and profitable and my clients are experiencing meaningful results.
I joined PFP in Sept, 2016, and frankly cannot conceive of “going it alone” ever again. The support, generosity, and creativity of the members and PFP staff far exceeds my expectations every day. I no longer feel alone and insignificant in the massive sea of accounting firms. Under the inspirational leadership of Mike and Ron, we share the mission to eradicate entrepreneurial poverty, which not only reduces the staggering business failure rate, but also provides steady jobs for more people, resulting in strengthening the overall American economy. As PFP’s, we can truly make a difference not only for each of our individual clients, but for the world economy as a whole. Now THAT is powerful! EVERY accounting firm who truly wants to make a difference must belong to this movement.
For our clients, instead of reacting to the state of their historical financials, we can proactively design not only profit, but also revenue increases, expense and debt reduction, elevating the overall financial health of the business, and mental health of the business owner. Entrepreneurship can lonely and frightening, but the predictability of PF implementation dramatically reduces the owner’s stress level. My first PF Client (which was a test case), after six months, has gone from -$70K in Net Income to a positive $90K in Net Income (increase of $160K), has reduced their debt by 25%, and rewarded themselves with a vacation to Hawaii with their first Profit Distribution. We had a big group hug when that happened! Hope, Focus, and Action have now replaced Despair and Indecision, which warms my heart, knowing that PF implementation was the turning point for them.
Get out of isolation, stop serving everyone, get a niche, and grow your business. It’s as simple as that. Being part of a like minded community to float ideas and get answers is truly priceless. Having Profit First Headquarters is like having your own advisory board and back office with all of the resources and answers to complex client situations that would normally take me weeks figure out on my own. The result has been an up-leveled clientele and now serving my ideal target market. Love you guys!
My company had its “best” year in 2014, yet it started January 1st being broke, again. No more. I’m put Profit First to work, and in my first quarter of 2015 already had thousands and thousands of dollars as a profit distributions.
I am beyond grateful to be a part of this amazing tribe of Profit First Professionals. My husband and I grew two businesses in the construction materials distribution vertical. With my experience in the ups and downs of growing those businesses, I decided to become a coach to help others navigate the challenges. I wanted to have an immediate and deep impact, so I chose to become a Profit First Professional. I have an important lesson to share: I floundered during my first six months as a PFP, because I tried to serve all types of business and do all types of things. I spent a lot of time and energy and it did not pay off. Then, with the guidance of the Profit First RAMP program, I committed to two complimentary niches, one seasonal and one year round. My business exploded! Do the same.
As a long-time accounting professional and business coach, I am amazed at how easily the Profit First concept integrates into businesses. Businesses where previous attempts to have principals manage profit, via normal accounting based explanations, was met with limited success. Faced with the lack of a simple framework within which to manage their businesses, intelligent principals simply lost interest and didn’t manage their businesses. Now, with Profit First, these same principals easily understand the profit concept and are excited to be actively managing their businesses. Profit First is a real game changer!
Being a member of PFP has exceeded all of my expectations! My life and my business are running with more grace and ease, and less stress and struggle. My favorite part? Instead of driving to each of my clients, which was exhausting, I am now virtual and serve clients all over the country without even needing to leave my office. My gross revenue has doubled in under two years, yet I was able to decrease my client base from 43 to 25. The best part? Before I was serving 43 companies in 43 different industries. Now I serve 25 companies in 3 industries, allowing me to thoroughly understand their needs and answer their questions before they even have them.
The support I have received from Profit First Professionals HQ has been life changing. HQ is helping me with sales and marketing my services, and my business has grown explosively as a result. They have provided very professional “done-for-you” documents that make selling my services much easier. Whenever I ask HQ for something, they jump right on it and get it done for me quickly. I can’t speak more highly of any membership organization, ever.
Ron and Mike and the entire team at Profit First Professionals are responsive and helpful when I have a new situation with a client. They share their years of experience in a variety of industries with me and my clients to ensure that we drive profitability for each client. The “done-for-you” sales and marketing resources, training, scripts and all the stuff available within Profit University were so helpful getting started and are continually updated and expanded – literally every day. My involvement with Profit First Professionals has expanded my market and my product offerings and my clients are loving the Program.
I consider myself a pretty darn good CPA but my service offering had always been the typical services provided by an accountant. Check this box. Offer advice. Bill for my time. Small business owners wanted more and I wanted to offer more value. Enter Profit First. Being a PFP has been a game changer in both my practice and in the lives of my clients.
It took me a while to refine my offer and get comfortable with charging enough for the value I was offering. So, I first perfected the Profit First system in my business, worked out the kinks and then duplicated for my clients. Helping clients take a profit each month, save for taxes, pay themselves, control expenses and manage cash flow is what being a trusted advisor is about. I confidently call myself a superhero because of Profit First: I save businesses and I save lives. When my clients thrive, I thrive and together we are eradicating entrepreneurial poverty one day at a time.
I just deposited $XX,XXX.XX (removed for privacy) into my personal accounts for my quarterly profit distribution. Thank you Michael and Ron. I’m pretty excited and thought I would share with you. Michael, your writing of Profit First saved my business. I’m saving and thriving. I will text you from Aruba when I arrive next week.
Ron, Mike, Erin, Kristina, Li and the entire PFP Team – Thank you for all you do, this is by far the BEST client support I’ve ever received in my business growing. I love being a member of the Profit First Professionals family. You inspire me to do the same for my clients.
THOSE WHO HAVE EXPERIENCED GROWTH IN PROFITABILITY FROM USING THE PROFIT FIRST METHOD
Profit First homebase has given me the support and accountability I needed to truly master the art of the Profit First concept. This means new revenue streams to my business and really highly satisfied clients. I am so happy I made the move to be a mastery level Profit First Professional. In one mastery conference I walked about with action items for myself that mean at least $50,000 of revenue to my business. Many accountants work on an island. They don’t know what other accountants in the industry are doing. They work long hours and underprice their services. As a mastery level PFP, I get to associate with other like-minded accountants. And it’s amazing how the collective knowledge of the group raises everyone’s business. In real life terms this means we are experiencing increases in revenue, profit, and take home cash.
Becoming a Profit First Professional has changed everything for me and my business. I never realized how far I could take my business until I started my coaching sessions with Erin and now that I’ve stepped up and embraced change and growth with Ron and Mike and the only limit is the one I set. I can’t imagine not being a part of Profit First Professionals. It would be like loosing my computer and being told to write everything out on a ledger sheet!
Who, for heaven’s sake, has talked us entrepreneurs into believing that you have to be in debt to achieve growth? You don’t. It is really simple, grow by taking your Profit First.
Profit First has been a paradigm shift for businessman who after 24 years into business, never understood that it’s profit first that matters. I thought profit was a lucky result of years and years of just getting by. Now I understand that profit is designed, from the foundation, into my company. My words of appreciation will never be enough. Thank you from the bottom of my heart (and wallet).
Profit First Professionals has radically changed my practice in so many great ways! I am more profitable than I ever imagined thanks to the challenges and support from HQ in systematizing my practice and developing a niche. I am also extremely grateful to the organization for bringing all of the other professionals in the group together to create an amazing support system. It’s a family I CHOOSE every single day!
I restarted my business in October 2012. I was stuck in a real rut trying to making ends meet. Luckily Gabrielle had Mike on a webinar a few months ago that I attended. I then read a few of his books and decided to call him. I can’t tell you what a difference it has made. The whole team at Profit First Professionals are amazing-helpful, supportive and fun.
The Profit First Professionals is absolutely vital to my firm. If you want a partner that is there to back you up, no matter what, you’re joining the right group.
Since working with Profit First Professionals, I have always received excellent service. Ron, Erin, and Mike go above and beyond in all aspects. The “behind the scenes crew” including Kristina, Li, Liz produce documents, marketing material, coordinate sales, generate graphics. You name it. Everything is communicated in a professional and timely manner. My business has improved significantly after implementing the Profit First strategy. I would recommend this strategy to anyone entrepreneur who wants to excel in their business. And I would recommend Profit First Professionals to any accountant, bookkeeper or coach who wants to grow their business dramatically, while changing the world one entrepreneur at a time.
Profit First Professionals has delivered on every promise Ron made when I signed on plus so much more. The staff at HQ is so friendly, knowledgeable, and accessible – not only are they tremendous coaches, they have also become friends. Joining Profit First Professionals has been the best decision I have made for my business, because now I’m not just “the bookkeeper who does cash flow stuff;” instead, I am “the Profit First bookkeeper who makes companies extremely profitable.”
I don’t believe there is a better feeling than to know someone’s got your back. Working with Mike, Ron and their support staff has been just that, they’ve got my back. They answer my questions, provide our company with endless support and continue to strengthen and solidify their product for us to use as Profit First Professionals. We are in business for ourselves, but not by ourselves. We are a part of the Profit First family, we take care of each other.
Prior to Profit First I was pushing money away. I didn’t want to look at it. I was spending more than I was making. Then I started doing Profit First in the fall and already took vacation in February with profits. Profit First is life changing. Period.
My experience as a member of Profit First Professionals? My bill rates have increased to a premium model, since my business now offers a premium service. My confidence in my offering has skyrocketed. The support I get from PFP HQ is unmatched. I can’t tell you how helpful it is to talk things through with you. You get me, you guide me, and support my personal growth unequivocally. Thank you.