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Achieving Financial Clarity: The Profit First Approach in Hospitality

Achieving Financial Clarity: The Profit First Approach in Hospitality

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*Adult Advisory - There are some swear words included during this conversation, please be aware before you listen*

In this episode, we’re joined by Gareth Evans, founder of Evans and Co Accountants and a Profit First Professional who brings a fresh perspective to financial management in the hospitality sector.

Gareth shares his inspiring journey from life in a professional kitchen to running a successful accountancy firm — and how adopting the Profit First methodology has completely reshaped the way he supports hospitality clients.

We explore how Profit First, particularly the use of separate bank accounts to manage cash flow, brings much-needed stability in an industry known for unpredictability. Gareth reveals how this approach has helped his firm cut labour costs and boost profitability, while also deepening client relationships through more meaningful, proactive conversations.

If you work with hospitality clients — or want to — this episode is packed with practical takeaways and real-world impact.

Key Takeaways:

  • The Profit First approach in action — tailored for the hospitality industry.
  • Gareth’s journey from chef to accountant, and how Profit First transformed his thinking.
  • How using bank accounts for cash flow has improved clarity, control, and client results.
  • Why strong client relationships and open conversations are essential to advisory success.
  • Navigating the seasonal cash flow challenges unique to hospitality businesses.
  • Profit First as a growth strategy — not just for clients, but for your own firm.

Tune in and discover how Profit First is helping accountants and bookkeepers create deeper impact and more profitable practices — starting in their own businesses.

#ProfitFirst #HospitalityAccounting #AdvisoryServices #Accountants #Bookkeepers #BusinessGrowth #ProfitFirstUK

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