Profit First FAQ: OPEX doesn’t have enough money. Now what?
Profit First FAQ: OPEX doesn’t have enough money. Now what?
Where do I pull the money from if I don’t have enough money to pay expenses from my Operating Expense account?
This is the “come to Jesus” moment when you follow Profit First.
The moment will come for every business where you don’t have enough money in the Operating Expense account to pay your bills.
The rule is this, you may NOT use other money.
In fact this is the moment your business is yelling at you and shaking you saying that you CAN’T afford to continue to carry all these cost and you need to find a better way.
Reduce your costs, and find a way to pay what you owe when the next allocation to OpEx comes in…but no matter what you must cut your costs.
#profitfirst #cashstuffing #financialfreedom #faq #cometojesus
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