Profit First is a cash management system created by New York Times bestselling author and small business expert Mike Michalowicz.
Profit First teaches business owners to take a portion of every sale as profit, rather than following the traditional method of only profiting after expenses are deducted from sales. This method instructs business owners to budget for profit, taxes, owner’s compensation, and operating expenses. To add a layer of ease to this creation process, NorthOne provides a Profit First Envelope template that allows you to start taking control of your finances right away.
To get started, log into your NorthOne Account on web or mobile and click Envelopes and choose the Profit First model.
If you need any additional help getting set up, you can chat with our Customer Care team in-app by clicking Support > Chat with us.
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