The Profit First Show- The First Quarter of the Year (Ep 08)

In this episode of the Profit First Show GG and Shannon discuss 50% of a gym’s revenue is done within the first quarter of the year. They delve into how to prepare for the remainder of the year with such a win.

00:33 Topic- 50% of a gym’s revenue is done in the first quarter of the year

01:36 Save save save……. Have a drip account

04:59 What are the basic accounting guidelines in a DRIP account

08:21 Difference between accounting and cash flow

10:34 The struggle with accounting and cash flow

12:23 The money set aside allows for other activities

14:01 How many months of back up operating expenses one should have

17:29 Wrap Up

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