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Profit First: How RTO Managers and CEOs Can Transform Their Finances and Build a More Profitable Business
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In this episode of the RTO Superhero Podcast, we're talking about Profit First, a financial management system created by Mike Michalowicz that's designed to help RTO Managers and CEOs become more profitable and financially stable.
We'll be discussing the five steps to implement Profit First within your RTO, including determining your target allocation percentages, opening separate bank accounts for each category, allocating your revenue to each account, managing your operating expenses, and monitoring your cash flow.
We'll also share some useful links and resources on Profit First to help you implement this system within your RTO.
If you're looking to transform your finances and build a more profitable RTO, this episode is not to be missed!
Useful Links:
- Profit First website: https://mikemichalowicz.com/profit-first/
- The Profit First Podcast: https://www.mikemichalowicz.com/podcast/
- Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine (book) by Mike Michalowicz: https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4/
Tune in to the RTO Superhero Podcast to learn how to implement Profit First and transform your finances!
Join host Angela Connell-Richards as she opens each episode with a burst of insight and inspiration. Discover why compliance is your launchpad to success, not a limitation.
Wrap up with gratitude and guidance. Subscribe, leave a review, and join our community as we continue supporting your compliance journey in vocational education.
Thank you for tuning in to the RTO Superhero Podcast!
We’re excited to have you join us as we focus on the Revised Standards for RTOs in 2025. Together, we’ll explore key changes, compliance strategies, and actionable insights to help your RTO thrive under the new standards.
Stay connected with the RTO Community:
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