Money Monday #2: What I Do With Every Dollar That Hits My Bank Account
About this episode
In this episode, Lacey Gebo discusses her weekly system for managing every dollar that enters her business bank account using the Profit First philosophy.
Welcome back to Money Monday — the series where we talk about the numbers, habits, and financial systems that most salon owners avoid… but desperately need to understand. In this episode, I’m walking you through exactly what I do with every single dollar that hits my business bank account — the weekly system that completely changed the way I run my salon. Quick disclaimer before we dive in: I’m not a Profit First coach and I’m definitely not a financial advisor. I’m simply a salon owner who implemented the Profit First system by Mike Michalowicz , and it has completely transformed the way I manage money inside my business. Inside this episode I break down: 💰 The Profit First philosophy and why most entrepreneurs operate with a “leftover mentality” 💰 Why the system uses multiple bank accounts (and why this simple trick works with your brain) 💰 The 5 core bank accounts every business should have 💰 How separating your money creates instant clarity and discipline 💰 The difference between CAPS (Current Allocation Percentages) and TAPS (Target Allocation Percentages) 💰 My Money Monday weekly habit where I allocate every dollar that comes into my business Instead of the…
More episodes of Level Up with Lacey
- Is Your Assistant Slow AF? Let’s Talk Timing, Reps, and Reality
- The 3 Things I’d Focus on If I Had to Rebuild My Salon Today
- Are You Afraid of What People Think? Because Same.
- Money Monday #4: The Only 3 Numbers You Need to Track
- Money Monday #3: Let’s Talk About Credit Cards
- Money Monday #1: You’re Busy… But Are You Profitable?
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