Are you ready to start using Profit First with your clients? There are a few things you need to know before you start advertising as a Profit First professional. First, getting certified for Profit First requires so much more than reading the book Mike Michalowicz wrote. You actually need to go through the training to earn your certification and not everyone qualifies for that process.
Requirements to Become a Certified Profit First Professional
Up in Canada, we receive numerous inquiries about Profit First. I am sure it is the same in the US as well. After all, this is an elite brand, and everyone wants to be included in the prestige. However, you must meet certain requirements if you want to become a certified Profit First professional.
You must have a minimum of $100,000 in revenue to be a Profit First professional. You also must not be brand new in this industry. It takes time to learn which issues clients face and how to solve them. While you will learn very strategic ways to solve problems in Profit First, you must have a strong foundation before you can understand how to implement those solutions.
Who is the Best Fit as a Profit First Professional?
The best Profit First Professional is not going to be the person who wants to increase the revenue in their business. The best person will be the one who wants to truly make a difference for their clients. They will never compete against other Profit First Professionals either. Instead, they will encourage and elevate others within the Profit First brand and the rest of the industry.
What You Must Know About Profit First
The mission of Profit First Professionals is to share how working with someone who only does the compliance work and someone who can make significant positive changes for a business owner is very different.
Not everyone understands that Profit First is a cash flow method instead of a way of accounting. When you implement Profit First, you will still do all of your accounting the same way you always have. The difference will be how the money is used to cover all business-related expenses. After all, the goal is to make sure your clients can always pay their expenses, including taxes, without using credit.
There are many different Profit First templates you can use when you become a Profit First professional. And the best part is you can use those templates in multiple ways to create numerous types of strategies for every single client.
Profit First is designed to add value for your clients. When Profit First is implemented, it breaks the cycle of borrowing money. It also teaches clients how to utilize their money, so they have a solid model to use for any future business ventures they have.
Any Profit First Professional will tell you that clients finally have clarity when they understand all the different bank accounts and see how their money is being used in their business.
Profit First isn’t complicated, so don’t let it intimidate you. If you meet the requirements to become a Profit First professional, start thinking about whether this is the next step you should be taking for your business. Click here to apply!