Cutting Costs is Going to Hurt Quality, So How Can I Possibly Implement Profit First?

The goal of profit first is NOT to cut costs simply for the sake of profits - the goal is to build a financially sustainable business.

cutting costs abruptly can negatively affect your product quality, customer service, and employee attitudes.

By implementing Profit First in your food business, you can reduce costs in a way that will positively impact your business, and in this video I’m sharing the steps for doing so.

Discover how to become a Financially Sustainable and Profitable Good Food Business!

I’m here to support you - so join us in the Profitable Food Business Community to share your questions.

About the Author: Sarah Delevan is a Profit First Certified Food Business Financial Consultant and Coach with over 8 years of food industry experience. She received her MBA from Rollins College, and In 2017 she founded Sarah Delevan Consulting based in Los Angeles, CA and serving clients across the United States. She is the creator of the Financial Success Formula and the founder of the Profitable Food Business program as well as the host of The Good Food CFO Podcast. To learn more about Sarah and opportunities to grow a more profitable food business Click Here.

Profit First Food BizGuest UserAugust 27, 2021Sarah Delevan Consulting, Profitable Food Business, Food Business CFO, Food Business Financial Consultant, Food Business Consultant, Good Food CFO, Financial Success Formula, Profit First Food Business, Food Cost Consultant, Profit First Strategies, Financial Sustainability, Profit assessment online course, Grow Profits, Cutting CostsComment

Can I Still Use Credit Cards, Loans and Investment if I implement Profit First?

Yes! IF you are someone who loves credit card points and wants to pay operating costs with your card and pay it off every month, do it!

If you’ve built a financially efficient business and can see exactly where and how investment or loan money will help you grow top and bottom line numbers do it!

Again, Profit First is a framework and a cash management strategy. When you Know Your Numbers and are informed about the financial decisions that you are making, you can do whatever you think is right for you and your business.

What I don’t recommend is seeking a loan, line of credit or funding for a business that is NOT set up for financial sustainability - where you don’t know the exact impact and outcomes of utilizing those funds or how you’ll pay them back.

Discover how to become a Financially Sustainable and Profitable Good Food Business!

I’m here to support you - so join us in the Profitable Food Business Community to share your questions.

About the Author: Sarah Delevan is a Profit First Certified Food Business Financial Consultant and Coach with over 8 years of food industry experience. She received her MBA from Rollins College, and In 2017 she founded Sarah Delevan Consulting based in Los Angeles, CA and serving clients across the United States. She is the creator of the Financial Success Formula and the founder of the Profitable Food Business program as well as the host of The Good Food CFO Podcast. To learn more about Sarah and opportunities to grow a more profitable food business Click Here.

Profit First Food BizGuest UserAugust 16, 2021Sarah Delevan Consulting, Profitable Food Business, Food Business CFO, Food Business Financial Consultant, Food Business Consultant, Good Food CFO, Financial Success Formula, Profit First Food Business, Food Cost Consultant, Profit First Strategies, Financial Sustainability, Profit assessment online course, Grow ProfitsComment

Should I grow first, THEN focus on Financial Sustainability and Profitability?

The simple answer is NO.

You’ve got to build a financially sustainable business from the INSIDE, and once that’s done growing sales WILL produce more profits -- but if you haven’t yet done that work, MORE SALES can equal BIGGER Losses.

I saw this happen in my own food business, and it’s often the catalyst for people reaching out to me for Consulting + Coaching Services.

The most extreme example I’ve seen first hand was a business that did a Facebook Promotion and her online sales soared to over $50,000 in a single month. That same month she experienced over $30,000 in LOSSES because her business was not structured to support those sales and she hadn’t done the work to understand what shipping offer and discount level would work for her business.

I see less extreme versions of this all of the time, where businesses are slowly and steadily growing revenue, but their profits are stagnant, or declining — I share a few examples in the Profit Assessment Online Course.

I want business owners to stop believing that losing money is “how it is” when you’re a young business and that more sales will solve the problem.

Taking the steps to understand your financials, set the right goals for your business, and implementing Profit First strategies, if it’s a good fit for your business, will help you become financially efficient and ensure that as your sales grow your profits do too.

Discover how to become a Financially Sustainable and Profitable Good Food Business!

I’m here to support you - so join us in the Profitable Food Business Community to share your questions.

About the Author: Sarah Delevan is a Profit First Certified Food Business Financial Consultant and Coach with over 8 years of food industry experience. She received her MBA from Rollins College, and In 2017 she founded Sarah Delevan Consulting based in Los Angeles, CA and serving clients across the United States. She is the creator of the Financial Success Formula and the founder of the Profitable Food Business program as well as the host of The Good Food CFO Podcast. To learn more about Sarah and opportunities to grow a more profitable food business Click Here.

Profit First Food BizGuest UserAugust 1, 2021Sarah Delevan Consulting, Profitable Food Business, Food Business CFO, Food Business Financial Consultant, Food Business Consultant, Good Food CFO, Financial Success Formula, Profit First Food Business, Food Cost Consultant, Profit First Strategies, Financial Sustainability, Profit assessment online course, Grow ProfitsComment

Welcome to the the “Good Food CFO” Blog!

The goal of profit first is NOT to cut costs simply for the sake of profits - the goal is to build a financially sustainable business.

cutting costs abruptly can negatively affect your product quality, customer service, and employee attitudes.

By implementing Profit First in your food business, you can reduce costs in a way that will positively impact your business, and in this video I’m sharing the steps for doing so.

Can I Still Use Credit Cards, Loans and Investment if I implement Profit First?

Again, Profit First is a framework and a cash management strategy. When you Know Your Numbers and are informed about the financial decisions that you are making, you can do whatever you think is right for you and your business.

Should I grow first, THEN focus on Financial Sustainability and Profitability?

The simple answer is NO.

You’ve got to build a financially sustainable business from the INSIDE, and once that’s done growing sales WILL produce more profits -- but if you haven’t yet done that work, MORE SALES can equal BIGGER Losses.

I want business owners to stop believing that losing money is “how it is” when you’re a young business and that more sales will solve the problem.

Taking the steps to understand your financials, set the right goals for your business, and implementing Profit First strategies, if it’s a good fit for your business, will help you become financially efficient and ensure that as your sales grow your profits do too.

sarah delevan consulting