160 - Does Profit First Work?
Parts Department · Justin Brouillette & Jem Freeman
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Show Notes
Our biggest Profit First review yet. Jem and Justin break down why the system saved their businesses, how Mercury Bank automation beats manual tracking, and why you don't need to be perfect with it. Plus the psychology of fake scarcity, stealing from the right accounts, and what happens when sales are better than you hoped.
DISCUSSED:
- UMC 🤘
- Phil's AU 2024 Fusion Workflow Template Talk
- Hot, stressed, sunburnt feeling but great sales
- Baby pants obsession
- Dian Jin Vise DJ-1217
PROFIT FIRST
- Profit First Resources Page
- Eric Larson start PF (10%)
- 2sec lean it
- Justin's bank - Mercury
- ST Assistant
- Restructure - Split Lease and Payroll
- New Debt account
- New Mercury Distro Days (Fridays)
- Weekly vs Fortnight
- 91% elusive - broke it finally
- KittaParts 50%
- Trust the system
Starting Accounts
- Income
- Profit
- OpEx
- Materials & Freight
- Payroll
- Lease
- Tax
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Show Info
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HOSTS
Jem Freeman
Castlemaine, Victoria, Australia
Like Butter | Instagram | More Links
Justin Brouillette
Portland, Oregon, USA