Remarkable Results Radio Podcast

Thanks to our partners, NAPA TRACS and PromotiveManaging your cash flow can feel overwhelming, but the Profit First system offers a fresh approach to organizing your finances. In this episode of Business by the Numbers, Hunt Demarest, CPA, dives into the pros, cons, and practical applications of Profit First for auto repair shops. Whether you’re new to the system or looking to refine your cash management strategy, this episode is packed with actionable insights.Key Takeaways:What is Profit First? Learn the basic framework of allocating revenue into multiple bank accounts to better manage cash flow.Benefits of Profit First: Understand how it can help you get a clear picture of your cash flow and improve financial decision-making.Challenges to Watch For: Discover why overcomplicating allocations or starting with too many accounts can hinder success.Practical Implementation: Hunt shares a simple three-account system tailored to auto repair --shops for effective cash management.Expert Tips: Adapt the system to yo