040: Setting Pay Play Profit Goals For 2021

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Are you in a money-in, money-out situation that you’re still not paying yourself in your business? Remember, you’re running your business – not the business running you. 

A lot of people have the passion and the mission of their business. But if you're not paying yourself, something's not right. The beauty of Profit First is that you start paying yourself. 

Our core focus as an organization is to help you reimagine entrepreneurial success with simple, practical, powerful solutions. And we feel like the way to measure that success can be in the form of pay play profit. 

Today, we're giving you a glimpse of what your goal-setting process should be for 2021. Now is the time to create your own Pay Play Profit and create goals that fit into each of those categories. Or you may already be doing it, but you just don't know how to compartmentalize stuff. 

We highly recommend you make this a cornerstone of your life and you’ll be surprised by how much you will mature as a business owner.

In this episode, you will hear:

  • Breaking down Pay, Play, and Profit
  • What it means to follow profit first
  • What if your business couldn’t afford to pay you or you’re commingling
  • Establishing your profit goal and what goes into your profit distribution
  • Prioritizing play and creating a culture of play in your organization

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Supporting Resources:

Profit First by Mike Michalowicz

Traction by Gino Wickman