Profit Comes First: Transform Your Business With Rocky Lalvani

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Episode Summary In this eye-opening episode we chat with Rocky Lalvani the founder of Profit Comes First to explore why conventional business wisdom may not always lead to success Discover the secrets behind profitable entrepreneurship why focusing on revenue can be misleading and how to truly ensure your business thrives Topics Discussed Founding Profit Comes First Discover Rocky s journey in creating a system that prioritizes profit over revenue The Pay-Yourself Myth Understand why paying yourself first might not be the best strategy for your business Revenue vs Profit Learn why revenue is often considered vanity while profit is sanity Distinguishing Business from Hobbies Explore the crucial differences and why it matters for success The Cost of Growth Why growth requires cash and how to manage it effectively Revisiting the Sales Equation Changing the way you look at sales to drive profitability Constrain to Grow How constraining expenses can actually fuel business growth Money Isn t Everything Why money alone can t solve all business challenges Failure Factors Explore the common reasons most businesses fail and how to avoid them Profit First Basics The core principles behind the Profit First methodology Accounts Receivable The critical role of managing accounts receivable for cash flow Dealing with Large Suppliers Cautionary tales of relying on big suppliers Getting Paid Effective strategies for ensuring your business gets paid on time Small vs Big Business Why six-figure businesses can sometimes out-earn eight-figure ones Fun in Business The importance of maintaining enjoyment in business operations System Importance Why having the right systems is key to sustainable business success What To Do Next Tune in to learn how to apply the Profit First principles to transform your business into a profit-making machine Subscribe review and share this episode with fellow entrepreneurs looking to shift their financial mindset and grow their businesses sustainably Rocky Lalvani can be found here Website https profitcomesfirst com Email rocky lalvani netLinkedIn www linkedin com in rocky-lalvaniInstagram www instagram com profit answer man Twitter htttps www twitter com rockylalvani Facebook htttps www facebook com ProfitComesFirst Rocky Lalvani s Favourite books Kapil Gupta Atmamum Epictetus Manual For Living Rocky Lalvani s Favourite Business books Keith Cunningham The Road Less Stupid Traction – Systemise Your Business Rocky Lalvani s Favourite Films TV Boxed Sets Sylvester Stallone RockyRocky Lalvani s Favourite Records One Republic I Lived The Cashflow Show can be reached here Website www thecashflowshowpodcast com Email thecashflowshowpodcast gmail comTwitter https twitter com thecashflowshow Instagram https instagram com thecashflowshowpodcastSupport us via our sponsored amp affiliate linksOur Buy Me A Coffee Link buymeacoffee com thecashflowshowOur Patreon Link https www patreon com TheCashflowShowPodcastOur Ko-fi Link ko-fi com thecashflowshowpodcastV1CE Sustainable Business Cards https v1ce co ref b13m2858soTo sponsor or advertise on The Cashflow Show Podcast contact us at thecashflowshowpodcast gmail comClayton M Coke can be found here LinkedIn https uk linkedin com in claytoncokeWebsite https www prmsltd co ukEmail info prmsltd co uk Twitter https twitter com prmsltd Instagram https www instagram com prmsltd Our theme music is called The Mediator – aka Theme from The Cashflow Show PRS and Better Call Clayton PRS As an Amazon Associate I earn from qualifying purchases What are YOU like amp 60 Second Shoot-out are both intellectual properties of Dialogue London Ltd c Clayton M Coke PRMS Ltd Dialogue London Ltd All Rights Reserved Support this podcast Click here to visit this podcast episode