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Cash, Bank, Bank Statements, Accountant, Xero

Can I implement Profit First as a sole trader? How can I have multiple bank accounts?

You 100% can implement Profit First as a sole trader (and we have a number of clients that are sole traders and running Profit First).  There is really no difference between how you run Profit First as a sole trader and a limited company.  The thing is, as a sole trader, you are still supposed …

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Chartered Accountants, Financial, Accounting, Profit First Professional, Bookkeeping, Health, Wealth, Mindfulness

Money Maker Myth #016 – We’re NOT Purchasing Any New Equipment/Tech Because We Are Operating Frugally In Order To Be Profitable

It is super important to have a handle on spending, but it is also important to ensure that equipment and tech in your business is fit for purpose. If you have a computer that crashes every 2 hours, that means you are significantly less productive than you should be. That means you are losing money. …

Money Maker Myth #016 – We’re NOT Purchasing Any New Equipment/Tech Because We Are Operating Frugally In Order To Be Profitable Read More »

Chartered Accountants, Financial, Accounting, Profit First Professional, Bookkeeping, Health, Wealth, Mindfulness

Money Makers Myth #015 – I Need To Hire A Few People, Then I’ll Have More Time To My Business Profitable

Ask any entrepreneur the biggest problem they have in their business and inevitably boil down to profitability. The common responses to the biggest problem question are: We need more sales!We need to grow!We need to be more efficient!We can’t get work done!We need better people! We need more clients, more projects and more demand! All …

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