The Path to Permanent Profit: Profit First.Bank powered by Dream First Bank

Whether you dreamed of financial freedom, personal freedom, impact, or all of the above, none of it can happen if your business isn’t consistently profitable. The problem surely isn’t your work ethic; it’s a faulty accounting formula: Sales – Expenses = Profit.

This formula teaches us to take profit last. It’s the “bottom line,” the “year end,” the “final take,” all signifying profit is the last consideration. Yet, human nature dictates that what comes last gets ignored, and what comes first gets done. With a simple switch, you can tame the beast!

The secret is a low-friction system that works with human nature, not against it. Introducing Profit First. We flip that old ineffective method to prioritize financial goals: Sales – Profit = Expenses. By taking your profit off the top, you force your business to become permanently profitable immediately and forevermore.

implement the system effortlessly, you need your bank accounts structured correctly. Profit First uses five foundational accounts: Income, Profit, Owner’s Comp, Tax, and Operating Expenses. This segregated structure is the physical manifestation of your commitment; money for taxes or profit cannot accidentally be spent on a new chair; money to pay the owner cannot accidentally pay taxes; and money for profit is accounted before a penny is even spent.

But, the system is only as friction-free as the bank you use. ProfitFirst.Bank powered by Dream First Bank is the only bank designed specifically to support the Profit First system and work seamlessly with the Profit First App! You no longer need to fight complexity or your bank. You are just a few clicks away from permanent profit: ProfitFirst.Bank.

 

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