054 - What To Do At the End of A Quarter When You Have Profit First in Place

In today’s episode, I’m coming to you buzzing with excitement because I've been having some really energising conversations with clients who are seeing major shifts in their salons — we’re talking busy books, higher client spend, and a feeling that things are finally turning a corner. But the real reason for this episode? We're diving into something I’ve weirdly never dedicated an entire episode to before — the end of quarter Profit First process. And honestly? It’s such a feel-good part of the journey. I walk you through: • What happens at the end of each quarter in Profit First • Why this is the moment we get to increase our pay and profit • How we adjust our percentages to reflect the progress we’ve made • What a profit draw is, and how it’s different from your regular pay • Real examples of how my clients (and I!) are using our profit draws Whether you’re in the “things are fine but I want great” stage, or you’re still working your way out of financial stress, this episode will help you understand why this process actually works — and why the end of quarter should feel like a celebration. P.S. If you’ve read the book or started implementing Profit First on your own, this is your gentle nudge to check your percentages and reflect on how far you’ve come. Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call Ready to Prosper and Profit? Let's dive in. Loving the podcast? If this podcast is providing value to you, please leave a 5-star review. Connect with Laura Website: www.laurajohagan.com Email: [email protected] Instagram: www.instagram.com/laurajohagan