logo
episode-header-image
Aug 2022
24m 16s

What Does Profit First Really Mean with ...

Business Talk Library
About this episode

It is sad to say this, BUT most business owners work extremely hard for FREE. 
When most people start a business, they practice this strange habit of not thinking about profitability.  

They are so focused on paying expenses first that there is often not enough money left over to enjoy as a profit.

This is why we sat down with Ron Saharyan to understand what is Profit First is and what a Profit First Professional.

Check out the full video interview at the businesstalklibrary.com/thefinanceandaccountingshow.

#businesstalklibrary #accounting #finance #businesscontent #business

Up next
Aug 22
Why Patience is Key to a Successful Marketing Strategy
Why Patience is Key to a Successful Marketing StrategyIn this episode, Terrell discusses the importance of patience and consistency in building an effective marketing strategy. He shares a personal analogy of planting a garden to illustrate how growth takes time – similar to deve ... Show More
10m 53s
Aug 5
Why I Choose Focus Over Boundaries in Business
In this episode of The Finance and Accounting Show, Terrell A. Turner, CPA shares a candid take on why he doesn't follow the traditional advice of setting strict boundaries in business. Instead, he explains his personal approach—extreme focus—inspired by lessons from his military ... Show More
11m 34s
Jul 2025
Spotting Red Flags: A Tax Fraud Investigation Insight
In this episode of the Finance and Accounting Show, we dive into a real-world tax fraud case involving Steven T. Mellinger III, who conducted a $106 million fraud scheme over nearly a decade. Learn how the IRS uncovered this massive scam, the mistakes that were made, and the key ... Show More
6m 14s
Recommended Episodes
Nov 2024
BOM - "Profit First" by Mike Michalowicz
<p>Ou book this month is “Profit First” by Michael Michalowicz. You’ve no doubt heard the advice from financial advisors called “Pay yourself first”. </p> <p>This book sounds like the same advice, only it’s quite different. It breaks down the human behaviours that result in a mon ... Show More
6m 28s
Jun 2022
659 - The Hidden Cost of Doing Business
<p>Trading is a business &amp; all businesses have expenses. Let's take a look at some of the expenses you'll have to get used to if you want to be a long-term consistently profitable trade.&nbsp;</p> <p>Check out the RISK-FREE Trial Membership available on our platform - https:/ ... Show More
7m 32s
May 2023
How To Transform Your Business From A Cash-Eating MONSTER To A Money-Making MACHINE w/ Mike Michalowicz
<p>Mike <a href='https://mikemichalowicz.com/profit-first/'>Michalowicz</a> is the Best Selling Author of &quot;Profit First&quot; <br/><br/>Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, ... Show More
30m 6s
Nov 2024
Your Competition is Your Costs
<p>Remaining profitable in business is a simple equation — sales revenue exceeding operating costs. In this episode of <em>The REWORK Podcast</em>, 37signals’ co-founders Jason Fried and David Heinemeier Hansson explain why controlling costs should be a bigger focus than what you ... Show More
29m 39s
Mar 2025
Deciding to Start, Not Buy, a Small Business
<p>Initially drawn to buying a business, Kevin Moyer instead decided to start a project-based blue collar business instead.</p><p>Topics in Kevin’s interview:</p><ul><li>Is the franchise fee worth it?</li><li>Buying 3 de novo Smash My Trash territories</li><li>His appreciation fo ... Show More
1h 20m
Dec 2022
Dream Fulfilled: Buying a $2m, 50-Year-Old Business
<p>When Fraser Voll first learned about buying businesses, he couldn't stop reading about it. That passion paid dividends. </p><p>Topics in Fraser's interview:</p><ul><li>What working for a boutique M&amp;A advisory taught him about buying businesses</li><li>Anatomy of a self-fun ... Show More
1h 27m
Dec 2023
Opening Up to Franchises to Buy a Great Business
<p>How Doug Johns overcame his reservations about being a franchisee to acquire a dream business with $1.8m EBITDA. (Rebroadcast from September 2022.) </p><p>Topics in Doug's interview:</p><ul><li>Buying a franchise vs. independent business</li><li>Opening your mind to a franchis ... Show More
1h 25m
Feb 2019
How to Buy a $2 Million Business for $200K - EP.35
<p>Today’s going to be a fun episode because we’re really excited to talk about today’s topic: SBA loans.</p><br><p>If you think you need $1 million to get started in buying a company then this episode is for you. You don’t always need to have the capital or the rich uncle — ther ... Show More
21m 52s