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drained. And in a moment of financial stress or bigger than expected expenses the entrepreneur will
break their own fiscal rules and spend the money they have. The Profit First principle does not try to
change your habits (that is nearly impossible to do), Profit First works with your existing habits. By first
allocating money to different accounts, and then removing the temptation to “borrow” from yourself,
your business will become fiscally strong and you will benefit from regular profit distributions.
Profit First Professionals and its affiliates are not liable for a success or failure of Profit First cash flow
methodology. Successful implementation and adherence to the Profit First methodology is solely
dependent on the owner of the business implementing Profit First.
This Profitability Report has not taken into consideration taxation matters for the business or business
owner(s) involved. It is recommended advice is sought by a registered tax advisor/accountant on the
most appropriate approach to payment of profit and owner’s pay for individual circumstances.
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