Profit First for Service-Based Businesses

Running a service-based business can often feel like money is slipping through your fingers, no matter how much revenue you generate. In this episode of Money First, CEO, I unpack why traditional financial advice doesn’t always fit coaches, consultants, creative agencies, and other service providers - and how you can finally take control of your cash flow.

I share the most common cash flow traps I see in service businesses, from slow-paying clients to emotional pricing, and why having just one bank account for everything is a recipe for stress. These challenges often lead to feast-and-famine cycles, inconsistent income, and the constant thought of “why doesn’t this add up?”

The good news is, it’s not you - it’s the system. By using the Profit First method with one critical twist, you can create financial clarity and build a business that truly supports you. I explain how to separate out contractor and associate costs before you allocate your profit, tax, and owner’s pay, so you’re working with your real revenue - not inflated numbers that leave you short at the end of the month.

You’ll hear a simple, practical step you can take this week to stop wondering where the money has gone and start running your business like a confident CEO. If you’ve ever felt like you’re working around the clock but still not paying yourself consistently, this episode will show you exactly what to do next.

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🔗 Where to Find Harman:
Website: www.blubookkeepers.com.au
Instagram: @blubookkeepers

Facebook: @blubookkeepersau
TikTok: @profitwithharman
LinkedIn: Harman Johnston

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