{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Floral CEO","title":"Profit First for Florists: Why Paying Yourself First Changes Everything","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/ec62bcc5\"></iframe>","width":"100%","height":180,"duration":2217,"description":"Join Jen in this week's episode of the Floral CEO podcast as she dives deep into the concept of 'Profit First' by Mike Michalowicz. \nJen shares her personal journey and insights into implementing this financial system in her floral business. Learn about the essential buckets for managing your revenue, including income, tax, owner's compensation, profit, and operating expenses. \nJen also discusses the significance of keeping your business financially healthy and the importance of supporting yourself as an entrepreneur. Whether you're a seasoned florist or just starting out, this episode is packed with valuable advice for running a profitable floral business.\n00:00 Introduction to the Floral CEO Podcast\n00:14 Diving into Profit First\n00:57 Understanding the Profit First System\n01:59 Setting Up Your Buckets\n02:57 Simplifying the Tax Bucket\n04:44 Owner's Compensation Explained\n06:09 The Importance of the Profit Bucket\n09:00 Operating Expenses and OPEX Account\n11:38 Managing Multiple Accounts\n14:45 Expense Audits and Financial Adjustments\n22:39 The Role of Profit in Business Growth\n30:37 Final Thoughts and Encouragement","thumbnail_url":"https://img.transistorcdn.com/FHz-UgopUhJpJn1O-4JHblhUpmcOM1-ut37jvDGyuz8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS84ODcz/NzBkZGFkZjUyZjU5/ZTk5ODAxMTAzZjFj/NDIzNS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}