WEofC Workshop (Oct-2017): Profit First

WEofC is committed to professional development. We provide content that can be directly applied to your business. Our October workshop taught attendees about an innovative accounting method to help structure their business in a more profitable way. 

This month we heard from member Lorelie Brown of Showhomes of Charleston - and it was all about profit, first. 

Based on the best-selling book Profit First, by Mike Michalowicz, Lorelie's presentation flipped the age-old business formula of

Sales - Expenses = Profit

to...

Sales - Profit = Expenses

Key Takeaways:

  • Don't be afraid to challenge the norm - the Profit First method challenges your conventional way of thinking; it's not a change in math, its a change in behavior
  • Pay yourself first
  • Profit is the bloodline of your business and critical to long term health
  • Know your numbers
  • Have a coach and/or mentor 

If you missed the workshop, keep an eye on our 2018 calendar when we will be bringing Lorelie back again to bring her knowledge to our WEofC community of members. 

A special thank you to the WEofC members, guests, and our speaker Lorelie Brown for a truly insightful October workshop! 

Stay tuned to our Events page and be sure to follow us @we.of.c to be notified about future events.

Melissa Barker