Profit First: Practical Steps for Small Business Financial Success

[@dittagecoeco2738]

Small steps towards progress. Every long journey needs them, so thank you for this one today Mike.

[@DirtexAustinLLC]

Great Video!

[@MosharufHossain-i3x]

great video

[@VictorFitness]

Thanks, Mike! It would be great if you went into what determines the "Income" account where the % profit is allocated from. For example, in a Retail business, when you sell a product, that money goes into the first "Income" account. Does 1% of that go to the Profit account? Or is it 1% AFTER the cost of goods is deducted from that first Income account? Similarly, is the 1% profit taken out before or after sales tax is deducted? Any insight would be greatly appreciated! Thank you!!