In this episode of Money First, CEO, I introduce you to a powerful concept from the Profit First methodology called the 1% shift. As a business owner and professional bookkeeper, I understand the challenges that come with managing finances. That’s why I’m sharing how allocating just 1% of your revenue into a separate profit account can begin transforming your financial habits and your identity as a business owner. I’ll walk you through common money habits that keep many of us stuck in reactive mode and how this small yet impactful habit can start flipping that script.
I also share a success story from one of my clients, Megan, who runs a freelance design studio. By implementing the 1% shift, Megan moved from feeling broke to stepping into the identity of an empowered business owner. I’ll provide practical steps to help you create a structured financial system, including setting up a separate profit account, celebrating small wins, and understanding the concept of quarterly profit distributions.
You don’t need to fully implement the entire Profit First system to benefit from this. This is a step you can take right now, no matter where you are in your business journey. By making this small but consistent effort, you can build a disciplined, confident, and profitable business. Join me as I break down how you can start putting your money first, so the rest can follow organically. If you find value in this episode, don’t forget to subscribe, leave a review, and share it with other business owners who can benefit from this simple yet effective financial strategy.
