Ep. 162: How to make business finance simple with Profit First with Rocky Lalvani

Send us Fan MailIn this episode, I interview guest, Rocky Lovanni, who is passionate about helping business owners implement profit strategies to be able to hit their financial goals. Rocky explains the 'Profit First' system, which encourages business owners to secure their profit and reasonable salary from day one, as well as setting aside funds for taxes. Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster. 00:00 Introduction and Guest Presentation01:32 The Inspiration Behind Starting a Business02:54 Understanding the Financial Aspect of Business05:08 Implementing the Profit First System07:18 The Importance of Setting Up Bank Accounts10:52 How to Determine the Percentage Allocation15:01 Final Advice and ConclusionWhere to find Rocky:Website: https://profitcomesfirst.com/Facebook URL: https://www.facebook.com/ProfitComesFirst/Instagram URL: https://www.instagram.com/profit_answer_man/Podcast: https://profitanswerman.libsyn.com/Support the showFollow Me on Instagram: @csdorsey_helloListen on Apple Podcast | iHeart Radio