
Smart Business Owners Think About These Hidden Financial Strategies - Profit First
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About this listen
Have you been approaching networking all wrong? Most business owners attend events hoping to sell their products or services, yet only about 10% of attendees are actually looking to buy. That fundamental misalignment explains why so many walk away feeling networking is "pointless."
In this candid conversation, we dive deep into how platforms like Alignable are revolutionizing the networking space by creating more intimate, meaningful connections between business owners. Unlike LinkedIn's connection-heavy approach, Alignable's restricted connection limits and in-person alliance meetings foster genuine relationships that lead to long-term business partnerships. We share practical tips for making the most of these networking opportunities, from putting your face on business cards to strategic QR code usage that eliminates friction in the connection process.
Then we tackle a game-changing financial strategy that most business owners—even those with accountants—have never heard about: the Profit First methodology. Rather than hoping for profit after expenses, this system guarantees profitability by allocating percentages of income to dedicated accounts before expenses are paid. We break down exactly how to implement this approach, even if you're currently struggling financially, and explain how it forces discipline in spending while ensuring you always have reserves for taxes and business growth.
We also reveal how transaction fees from payment processors like Square and Stripe silently drain thousands from your bottom line annually, and share practical strategies to recapture that lost revenue without alienating customers. These aren't theoretical concepts—they're battle-tested approaches we've personally implemented and seen transform businesses.
Ready to strengthen your network and financial foundation? Listen now, then connect with us to continue the conversation about implementing these strategies in your unique business.
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