Interview with Profit First Co-Founder, Ron Saharyan (ep 128)May 08, 2023
Let's talk Profit First with program co-founder, Ron Saharyan! Ron's THE Profit First guy, and he's letting me ask all the questions. The Profit First Professionals global organization supports the teachings from the book, Profit First and ensures members have all the tools they need to help their clients live profitable lives.
How does Ron feel about the idea of paying yourself last?
Why be in business if you're not paying yourself?!? He explains that this idea of not paying yourself is a long-standing, FALSE idea.
The Profit First method forces you to focus on the right things. As long as you're willing to adjust the way you think and behave, you will be able to pay yourself.
If you're not able to pay yourself, it's a sign that something's wrong in your business. Either you bit off more than you can chew, you're not pricing correctly or you're undervaluing your product.
Profit First is a system. It's a cashflow system that works.
So what are Ron's recommendations for getting through the painful shift that's part of getting your business on the right track?
1. Accountability. Hire a coach who will help keep you on track.
2. Adjustments. Know that you can shift things if you need to.
3. Knowing it's going to happen. Be comfortable being uncomfortable, and don't quit!
Perspective is so important. If you think it's not working, take a step back. Total your accounts and compare them to where you were before you started the new system.
Here's a glance at the episode:
[3:00] Ron explains the Profit First Professionals program.
[5:30] Ron talks about why you don't need to pay yourself last.
[10:02] Ron shares a few amazing success stories.
[15:01] What's Ron's recommendation for getting through the painful shift that's part of getting your business on the right track?
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