4 Easy Steps to Implement Profit-First
Jul 17, 2024
Why Profit-First is Your New Best Friend
Imagine a world where you're not constantly chasing after every dollar, wondering where it all went at the end of the month. That's the Profit-First promise, and here's why you'll love it:
Crystal Clear Finances: No more financial fog! You'll always know exactly where you stand with separate accounts for profit, your pay, taxes, and expenses.
Spend Smarter, Not Harder: When your expense account is limited, you'll suddenly become a spending genius.
Cash Flow Magic: Regular profit allocations mean you'll always have a cushion for those "just in case" moments.
Sleep Better at Night: Knowing you've got profit and tax reserves tucked away? That's better than counting sheep any day.
Your Profit-First Gameplan
Ready to join the Profit-First party? Here's your roadmap to success:
Open those separate accounts for profit, your pay, taxes, and expenses.
Decide where a percentage of your revenue goes. Start small with profits and work your way up.
When that money comes in, divvy it into its designated accounts immediately.
Monitor those allocations and tweak them as needed. Your business is unique, and your Profit-First strategy should be, too.
Supercharge Your Profits with Holdings
Now, here's where things get exciting. At Holdings, we're all about making your money work as hard as you do. Our high-yield cash accounts are like rocket fuel for your Profit-First strategy:
Earn a whopping 4% APY on your profit allocations. That's right, your money is making money.
FDIC insurance up to $5 million. Sleep even better knowing your hard-earned cash is safe and sound.
Don't let another dollar slip through your fingers. Embrace Profit-First, partner with Holdings, and watch your business soar to new financial heights.
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© 2023-2024 Holdings Financial Technologies Inc. All rights reserved. Holdings is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust, Member FDIC
Funds deposited in your Holdings account are held by Evolve Bank & Trust, Member FDIC. The standard deposit amount is $250,000 per depositor, per insured bank, for each account ownership category. Through Evolve's Sweep Program, funds may be eligible for up to $5M in FDIC insurance. Find additional information about the Sweep Program here
²Yields, fees, and asset allocations are subject to change. While the fund aims to preserve capital and maintain liquidity, it is not FDIC insured and there can be no assurance that these objectives will be met. Please see the prospectus for full details on risks and investment objectives.