Episode 36: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine with Rocky Lalvani, the Profit First Man

Family Business Today

Your host, Greg Lewis, talks to Rocky Lalvani, Chief Profitability Officer for business owners like you.

Rocky teaches business owners how to ensure they get paid and they make profit a priority! As a Certified Profit First Professional he implements Mike Michalowicz’s Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!)

In this episode of Family Business Today Rocky Lalvani will share:

How developing a counterintuitive cash management system has helped thousands of small businesses break out of the doom spiral and achieve profitability.

How small business owners can overcome the Survival Trap due to the Coronavirus Pandemic by thinking profit first.

Learn about the Four Core Principles of Profit First.

First Steps to putting Profit First into motion.

And much more….

To learn more about Profit First visit Rocky Lalvani’s website at www.profitcomesfirst.com. You can also listen to Rocky’s podcast Profit Answer Man at www.profitanswerman.libsyn.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business in the next 3-5 years contact us today for a FREE Business Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like Family Business…..We Know!