Show Summary
In this episode, we are joined by two exceptional guests, John Drawdy, a seasoned Profit First Professional and the owner of Paragon, along with Kristen Griffin, also from Paragon. The focus of today's discussion revolves around the application of Profit First principles in a larger business setting.
John and Kristen kick off the conversation by sharing their own Profit First victories, shedding light on how implementing this revolutionary financial approach has positively impacted their business, Paragon. They delve into the tangible benefits they've experienced firsthand, illustrating the transformative power of Profit First in optimizing cash flow and fostering financial health.
The discussion seamlessly transitions to Profit First victories for clients, with John and Kristen providing compelling examples of how the methodology has empowered their clients to achieve financial success. The real-world success stories shared in this episode serve as inspiration for accounting professionals seeking to integrate Profit First into their service offerings.
Firm goals take center stage as John and Kristen elaborate on incorporating Profit First into the overarching objectives of their practice. They discuss the synergy between Profit First principles and the strategic goals of a firm, emphasizing how this alignment can supercharge growth and sustainability.
Delegating is a crucial aspect of any business, and John and Kristen share their insights on how to effectively delegate tasks within the framework of Profit First. They provide practical advice on optimizing team efficiency while maintaining a Profit First mindset.
The episode concludes with a deep dive into incentive pay for production teams, exploring how aligning financial incentives with Profit First principles can drive motivation and enhance overall team performance. This episode is a must-listen for accounting professionals aiming to leverage Profit First in a larger business context and seeking actionable strategies for success. Tune in for a wealth of knowledge and practical tips from these Profit First experts at Paragon.
Website:
www.paragonat.com
Corporate Partner:
Geraldine Carter: How CPAs Can Get Down to 40 Hours
Billie Anne Grigg: Insider Access Look on Profit First Professionals
Inna Korenzvit: Running a Successful Accounting Firm as a Family Business
Tim Thompson: Tax Transformation: Turning Junk into Treasure
Lori Hardtke: Knowing What You Don't Want
Harley Liechty: Distinguishing Yourself in the Business
Kathy Dise: Budgeting Strategies
10 Years of Profit First: A Special GMAP Anniversary Episode
Maddie Craig: Building the Brand of YOU
Jonathan Bello: How to Build Strong Accounting and Bookkeeping Teams
April Stroink: A Coaching Journey of Resilience and Success
Sarah Webb: Working with Licensed Professionals
Andrew Berg: Journey to Modern Accounting Firm
Elaine Pofeldt: Building a Million-Dollar, One-Person Business
Deanna Zubrickas: Relay's New Partner Program
Sue Fulmer: How My Experience at PFP Sets It Apart from My Previous Workplace
Hope Blankenship: Small Business Growth and Entrepreneurial Story
Stacey Seguin: Redefining Rules in Life
Dan Richards: PracticeWIN
Stacy Herman Lang: Acquiring a Book of Business
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