Profit First Resources
From the hosts of Parts Department podcast
We don't sell Profit First. We're just sharing what worked for us.
Jem from Like Butter and Justin from PDX CNC started Profit First by reading the book and discussing it on the podcast. It helped turn around bad habits and take control of cashflow.
The Problem & Answer
One big checking account. You look at the balance and think you have money to spend. You don't. Profit First splits money into separate accounts by purpose. You can't accidentally spend tax money on a new tool.
Tips from the show
You don't have to be perfect. Do it imperfectly rather than not at all.
Automate distributions. Make distributions transfers happen automatically.
Steal from accounts when needed. Just put it back later.
Track it simply. Basic Google Sheet is enough (use template below)
False scarcity works. You spend less when it's not one big "slush" account
Start with the book's percentages. Adjust as you go.
Our Tracking Sheet
Simple Google Sheet with weekly distributions and percentage allocations.
The Book
Written for small business owners without accounting backgrounds. Worth reading twice.
Mercury Bank
Free accounts, unlimited sub-accounts, automated weekly distributions.
Referral bonus: Sign up through our link and to earn $250.
Profit First Episodes
Parts Dept episodes we've discussed Profit First
