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- Introduction
Unit Summary
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Unit Summary
What this unit is about
- How to build a profitable and valuable MSP business
- How to break through to a 6-figure salary
- How to avoid burnout and build a business that servers you
- How to calculate your personal take-home number from your MSP business
- How to look for and eliminate unnecessary expenses
- How to pay off debt and never have it return
- How to fund your retirement account year after year
- How and where to setup additional bank accounts
- How to determine your current & target allocation percentages (CAPs and TAPs)
- How to get into an allocation rhythm
- How to take quarterly bonuses and share profits with employees
- How to get reimbursed quarterly for the owner’s W2 portion of employee taxes
- How to set aside money for sales tax payable
- How to cultivate stronger money management habits
- Find out how to make business decisions by simply looking at your bank account balances
- Learn how Profit First can reduce your financial stress and work for your own personal finances
Objectives
- Breaking through to a 6-figure salary
- Avoiding burnout and building a business that serves you
- Recognizing and eliminating unnecessary expenses
- Learning how to pay off debt and saying good-bye forever
- Funding your retirement account year after year
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