36 David Richter - Profits First

36 David Richter - Profits First
https://youtu.be/XNPGck_xO4o

Are you making a profit in your business?

David Richter joins Wendy, Bill and Jonathan to discuss how to implement profits first.

When you put your books into order, you see what you are actually spending a month and what's profitable and what wasn't.

You have to look at short term and long term profit centers. What do you spend more time on? Long or short term projects.

AirBNB or long term rentals, which is more profitable? You may be shocked at the answer for you.

Learn more about David at:

https://simplecfosolutions.com/

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4

Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows.

About David Richter:

David Richter, founder and owner of Simple CFO Solutions, is on a mission to help stressed entrepreneurs who are frustrated with not knowing their numbers and not making profit by cleaning up their books, interpreting their numbers for them, and implementing a system to increase and prioritize their profits to be able to be less stressed, confident in their numbers, and make the profit they need to accomplish their vision.

He has been in the real estate investing world specifically for the last six years. He has served on the leadership team of real estate investing companies doing over 300 deals a year between wholesaling, fix and flipping, lease optioning, and turnkeying properties.

David has no debt in his business or in his personal life and practices all the principles and actions he teaches. In order to continue to constantly grow and help others, he reads over 50 books a year, is a ToastMasters member, Profit First Professional, and a lifelong student of Kung Fu. He is on a mission to help you and change your life and business for the better.

Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground up Construction Loans" for investors only in NC, SC, GA, VA and TN (some areas of FL, as well).

As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.

Listen to our Podcast: https://thealternativeinvestor.libsyn.com/
Subscribe: http://thealternativeinvestor.libsyn.com/rss
Visit our website: https://carolinahardmoney.com
YouTube Channel: https://www.youtube.com/channel/UCYzCFOvEt2n9TchgECLwpww/
Facebook: https://www.facebook.com/CarolinaHardMoney/

#HardMoney #RealEstateInvesting #mortgage #privatelending #affordableHousingloans #realestatefinancing

36 David Richter - Profits First
https://youtu.be/XNPGck_xO4o