Summary: Profit First by BusinessNews Publishing

Author:BusinessNews Publishing
Language: eng
Format: epub
Publisher: BusinessNews Publishing
Published: 2016-09-22T00:00:00+00:00

Get some emotional support Join a group of like-minded Profit First entrepreneurs. You might set up an accountability group where you can gather with other business builders and celebrate the things you're doing to save money. Come up with some fun (and ideally zany) things you can do to celebrate when you save money and then get busy having fun. Put on some loud music in the office and jump around if that gets you going. Do something memorable.

Go on a "debt freeze" Look at all your expenditure over the past twelve months from all your business bank accounts. Excluding labor costs, payments to subcontractors and your salary, how much did you spend on other stuff?

Analyze that expenditure and highlight which expenses generated immediate revenue for you and which did not. Then commit to stop spending money on items which do not generate revenue from this point on. Freeze your debt and start working towards eliminating debt altogether.

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