One of the principals of Profit First is to “Use Small Plates”

What does this mean?

Well, a common trick to eating less (without feeling like you’re eating less), is to start eating your meals on smaller plates. We tend to take whatever plate we have and fill it up and then…. we clean our plate.
But using a smaller plate starts a chain reaction. We take smaller portions and eat fewer calories. (I promise i’m not transitioning into a career as a nutritionist)
The same mentality occurs with finances. Do you have ONE operating account where every penny that your company makes is gobbled up?
There’s a smarter way to approach it. And it just involves setting up your accounts differently. It involves using a small-plates approach!
#profitfirst #bknm #bookkeepingnmore