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The Profit First method is an increasingly popular money management system which helps businesses to grow by deducting their profit first. It was designed by American author and entrepreneur Mike Michalowitz with small businesses in mind. Solopreneurs can certainly benefit from the Profit First method too.
Read the Profit First guideThe Profit First method takes profit first, then splits the rest. Enter a month’s income and adjust the percentages to see where every pound would go. The starting split follows the typical figures in our guide to the Profit First method for solopreneurs.
These figures are illustrative only. Talk to our team about the right split for your business.
Your split adds up to 100%.
Our articles are a starting point. For advice on your own figures, speak to the McGrath Pattison team.
