Results from the Profit First community

• $220K profit in 2015, a year after a $20K loss

  Garage doors

  Overhead Door Company of Riverton

  Chuck Parmely, with coach Dr. Sabrina Starling

  A $3.2 million garage door business was losing money until it put Profit First in place with a coach. The show notes report a $20K loss in 2014 turning into a $220K profit in 2015.

  As reported by The Profit First Podcast, episode 73 Listen to the episode: Overhead Door Company of Riverton, on The Profit First Podcast, episode 73 (opens in a new tab)

• 300% more profitable than before

  Meal delivery

  October Kitchen

  Paul Finney, with Profit First Professional Marcie Hanhart

  After working with a Profit First Professional, this founder reports profitability 300% higher than in the past, paying himself more than he ever had, and money set aside for taxes.

  As reported by The Profit First Podcast, episode 108 Listen to the episode: October Kitchen, on The Profit First Podcast, episode 108 (opens in a new tab)

• $7,000+ a month in personal income within 11 months

  Martial arts and fitness

  Vagabond Martial Arts & Fitness

  Clay Hantz, owner

  Close to shutting down, Clay paired Profit First with changes to his pricing and billing. In his own account he has “grown from 18 students to 92,” and within 11 months was paying himself over $7,000 a month, plus profit.

  As reported by The Profit First Podcast, episode 139 Listen to the episode: Vagabond Martial Arts & Fitness, on The Profit First Podcast, episode 139 (opens in a new tab)

• First profit within a quarter of hiring a coach

  Spa and wellness

  Spapreneur

  Ramona Rice, owner

  Ramona’s business was growing but not profitable. After she hired a Profit First Professional, it posted its first profit within the first quarter.

  As reported by The Profit First Podcast, episode 152 Listen to the episode: Spapreneur, on The Profit First Podcast, episode 152 (opens in a new tab)

• $800K in business, grown from $80K

  Automotive electronics

  Specialized ECU Repair

  Jorge Morales and Jose Pain, owners

  One of the first companies to use Profit First. Over roughly eight years the business grew from $80K to $800K, and the show notes say its profitability grew with it.

  As reported by The Profit First Podcast, episode 115 Listen to the episode: Specialized ECU Repair, on The Profit First Podcast, episode 115 (opens in a new tab)

• 3 years of tax debt paid off in one year

  Woodworking

  Contemporary Woods

  Adam McKee, owner

  Adam started small: 1% of every deposit to profit and 2% to tax. One year later, he had paid off a three-year tax debt and taken his first profit in eight years.

  As reported by Mike Michalowicz’s blog Read the story: Contemporary Woods, on Mike Michalowicz’s blog (opens in a new tab)

• Year one no more borrowing from his own accounts

  Glass and glazing

  Sandhill Glass

  Eric Wilkinson, owner

  Eric brought Profit First from his rental properties to the glass businesses he bought. In a long, candid interview about seasonal cash flow, including what didn’t work, he says that after the first year he “was able to stop using my line of credit.”

  As reported by Carpenter CPAs, his accounting firm Watch or read the interview: Sandhill Glass, on Carpenter CPAs, his accounting firm (opens in a new tab)

• $63K line of credit paid off in four months

  Marketing agency

  Joseph Studios

  Daniel Klein, founder

  Revenue looked healthy while the bank balance kept falling. After setting up Profit First with separate accounts, the agency paid off a $63,000 line of credit and nearly $50,000 of card debt in four months.

  As reported by Relay, the business bank he uses Read the case study: Joseph Studios, on Relay, the business bank he uses (opens in a new tab)

• 330% growth in net profit over three years

  IT services, South Africa

  Rito Technologies

  Tony Ferguson, owner

  With outsourced accounting and CFO support that included Profit First, net profit rose from R144,000 to R623,000 in three years (R is the South African rand).

  As reported by Go Map, his accounting firm Read the case study: Rito Technologies, on Go Map, his accounting firm (opens in a new tab)

Results are as reported by each original publisher and summarized here in our own words. They describe individual businesses, not a promise of what any business will achieve.