Description
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Venus Michael of www.profitfirstforphotographers.com and www.one21accountability.com appeared on my radar via good friend of the podcast, John Glaser, who messaged me to say this…
You need to have Venus Michael on the podcast. She is my book keeper and she is a profit first professional and just published the Profit First for Photographers book.
I started doing profit first this year and it has completely changed my business!!!
I am no longer concentrating on the top line of my business but on the bottom line, and with her help and the methodology of profit first has transformed the profitability of my business.
The funny thing is I had a zoom call scheduled with Venus 2 years ago, after I read the original profit first book by Mike Michalowicz, and my accountant at the time talked me out of meeting with her because she said Profit First was a bad idea, but she had no idea what it really meant.
I REALLY wish I would have done that zoom 2 years ago. My business would be in such a different place right now!!!
I can't speak highly enough of Profit First and the fact that there is a version of the book written specifically for photographers is AWESOME!!!
Following that message and the release of her book… Profit First for Photographers — The definitive guide for photographers ready to escape the cycle of entrepreneurial poverty and achieve financial freedom, I had to get Venus for an interview.
In this episode, learn the concept behind profit first, how it applies to you and your photography business and how it will change your approach to money and profits and haw to apply it to your life.
Here's some more of what we covered in the interview:
The idea of the book is literally to stop thinking of your business as a side hustle and treat it like an actual business, and to pay yourself. It is very important you pay yourself. – Venus Michael
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It's better if you start this process when you're smaller, because you build a habit and you think about your goals, then once you start actually making six figures, you're like, ‘Oh, you know, I messed up.’ Or ‘I wish I would have known this earlier.’ ‘I wish I would have taken the call two years ago.’ – Venus Michael
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When you are dealing with smaller revenues, you have to be a more precise in your expenses, and you don't have a lot that you can take home,
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