Barb Stackhouse- More to Life/ Profit First

The Nifty Thrifty Dentists · Apr 6, 2020 · 49m

Barb Stackhouse of More to Life/ Profit First is a hygienist who went into dental education and consulting. She was introduced to the book “Profit First” and began to use the concepts with her clients.

What is “Profit First”? This is additional profit, not the owner’s pay. There is a difference because you are both deliver the service and own the business. You are doing two roles, but you typically are only paying yourself for one of the jobs.

The premise is to use multiple bank accounts for specific uses. Categories include your primary intake account, profit, owner’s pay, taxes, and…