The Profit-First Approach to Business Scaling with Gary Wilbers- Ep 236

In this conversation, Rocky Lalvani and Gary Wilbers discuss the importance of aligning personal goals with business goals. They emphasize the need for business owners to prioritize their own well-being and happiness while running their businesses. They also discuss the concept of Profit First and how it can help business owners achieve financial success. The conversation touches on the challenges of implementing systems and processes in a business and the importance of having clear financials. They also discuss the struggles of recruiting and retaining great employees. The conversation focuses on the changing dynamics of hiring, retaining, and engaging the workforce, particularly with the emergence of Generation Z. It emphasizes the importance of creating a positive culture and environment in the workplace, as well as effectively communicating the company's vision and purpose. The discussion also highlights the need for systems and processes in recruiting and hiring, and the significance of showing care and appreciation for employees. The conversation concludes with the recommendation of seeking coaching and joining mastermind groups to support personal and professional growth.

Key takeaways:

Align personal goals with business goals to create a fulfilling and balanced life as a business owner.
Implement the Profit First system to prioritize profit and ensure financial success.
Develop and implement systems and processes to scale and grow a business effectively.
Maintain clear financials to make informed decisions and avoid financial trouble.
Recruit and retain great employees by creating a strong company culture and providing opportunities for growth.
The marketplace has changed, and business owners need to think differently when it comes to hiring, retaining, and engaging the workforce.
Creating a positive culture and environment in the workplace is crucial, especially for the younger generation.
Effective communication of the company's vision and purpose is essential for employee engagement.
Having systems and processes in place for recruiting and hiring is important for success.
Showing care and appreciation for employees goes a long way in retaining them.
Seeking coaching and joining mastermind groups can provide valuable support and guidance for business owners.

Links:
https://goascend.biz/

Profit First #CFO #Cash flow

Chapters
00:00 Introduction and Background
01:14 Aligning Personal and Business Goals
04:05 Prioritizing Profit with Profit First
08:49 Implementing Systems and Processes
11:22 The Importance of Clear Financials
19:19 Recruiting and Retaining Great Employees

Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

Sign up to be notified when the next cohort of the Profit First Experience Course is available!

Check out our website: http://profitcomesfirst.com/

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Profit Answer Man Facebook group:   / profitanswerman  

My podcast about living a richer more meaningful life: http://richersoul.com/

Profit First Toolkit: https://sendfox.com/rocky

Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

#profitfirst