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Profit First in Practice: What 5 Weeks Can Do
Manage episode 505309192 series 3663900
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Tim Seymour, Deb Halliday, and Jason Withers reflect on the success of the 5 Friday Profit First Challenge in The Profit First Pathway community. They share how the five-week format gave participants the time and structure to dig into Profit First principles, apply them in real life, and see measurable improvements in their businesses.
From exploring the true meaning of real revenue to prioritising owner’s pay, the conversation highlights the power of accountability, structured learning, and quality clients in driving sustainable profitability. With strong feedback from attendees, this episode celebrates a challenge that turned insights into action.
Takeaways:
- A five-week structured approach allowed participants to reflect and take meaningful action.
- Real-life tasks kept learning practical and directly applicable.
- Increased accountability led to clearer financial understanding and better decision-making.
- Owner’s pay is essential for long-term business health and personal profitability.
- Understanding real revenue (not just sales) is key to sustainable growth.
- Participant feedback praised both content and structure, with many eager to implement strategies immediately.
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