Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine
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Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine
1 percent allocation for the PROFIT account (Why 1 percent? You’ll find out in the next chapter), 50 percent for OWNER’S COMP, and 15 percent for the TAX account. Use quarterly adjustments to step up to higher percentages and nudge your business closer to the TAPs recommended in this book.