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Ep. 162: How to make business finance simple with Profit First with Rocky Lalvani
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In this episode, I interview guest, Rocky Lovanni, who is passionate about helping business owners implement profit strategies to be able to hit their financial goals. Rocky explains the 'Profit First' system, which encourages business owners to secure their profit and reasonable salary from day one, as well as setting aside funds for taxes.
Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster.
00:00 Introduction and Guest Presentation
01:32 The Inspiration Behind Starting a Business
02:54 Understanding the Financial Aspect of Business
05:08 Implementing the Profit First System
07:18 The Importance of Setting Up Bank Accounts
10:52 How to Determine the Percentage Allocation
15:01 Final Advice and Conclusion
Where to find Rocky:
Website: https://profitcomesfirst.com/
Facebook URL: https://www.facebook.com/ProfitComesFirst/
Instagram URL: https://www.instagram.com/profit_answer_man/
Podcast: https://profitanswerman.libsyn.com/
Follow Me on Instagram: @csdorsey_hello
Listen on Apple Podcast | iHeart Radio
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