Ep 75 | Profit First and Other Financial Questions

This week we’re joined by resident accounting and finance whiz, John Briggs of Incite Tax. We chat about some key ways you can begin to look at your Profit & Loss statements to maximize your growth and profits. For how long should you barter and bootstrap your business? When should you look to be fully staffed and pay yourself? What is real revenue vs. gross revenue? What will happen to the business that “just needs to break even”? Why are profits important? Where should you invest profits? How much should you pay yourself? What is the difference and advantages of 1099 and W2 employees? Learn more about Profit First and schedule a free call with John by going here: http://incitetax.com/profit-first/