Rocky Lalvani is a Profit First Professional and the Fractional Chief Probability Officer at Profit Comes First, where he helps entrepreneurs and small business owners grow their companies profitably. Certified in the Profit First method, Rocky develops the strategies and models his clients need to maximize their profit potential.
Rocky is also the host of the Richer Soul podcast and the Profit Answer Man podcast. He graduated from Rutgers University with a bachelor’s degree in economics and earned his MBA from Penn State University.
Here’s a glimpse of what you’ll learn:
- [02:43] Rocky Lalvani discusses the Profit First model
- [06:10] Why you should have discipline with your cash flow
- [08:26] The importance of allocating funds to separate accounts based on their purposes
- [17:52] Rocky talks about making profit a habit in your business
- [20:10] How to define a profitable margin for your e-commerce company
- [25:17] Why every business owner should hire an e-commerce bookkeeper
- [31:13] Rocky explains how to build a business model that boosts your revenue and puts profit first
In this episode…
Are you wondering how to take control of your profits? Do you want a method that helps you boost your revenue and have cash left over at the end of the month?
As an e-commerce business owner, the math of turning a profit may seem cumbersome and overwhelming. But to run a successful business, you must take the time to examine and optimize your financial situation. That’s why Rocky Lalvani believes that every dollar has a job. Rocky’s Profit First model helps entrepreneurs allocate those funds to earn a profit — and achieve greater financial freedom.
In this episode of the Quiet Light Podcast, Joe Valley and Paul Andersen sit down with Rocky Lalvani, the Fractional CPO at Profit Comes First, to discuss how to reinvest in your company for the best return. Rocky details the importance of creating separate bank accounts for your business, how to do the math of a sale to produce profits, and why you should hire an e-commerce bookkeeper. Stay tuned.
Resources Mentioned in this episode
- Rocky Lalvani on LinkedIn
- Profit Comes First
- Quiet Light
- Quiet Light on YouTube
- Joe Valley
- Paul Andersen
- Mark Daoust
- Quiet Light Podcast email: podcast@quietlight.com
- The EXITpreneur’s Playbook: How to Sell Your Online Business for Top Dollar by Reverse Engineering Your Pathway to Success by Joe Valley
- Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
- Profit First for Ecommerce Sellers: Transform Your Ecommerce Business from a Cash-Eating Monster to a Money-Making Machine by Cyndi Thomason
- eCommerceFuel
- Tyler Jefcoat on LinkedIn
- Seller Accountant
Sponsor for this episode…
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