Profit First for Hospitality

A proven system for profitability

The Profit First system has been proven to help hospitality businesses increase their profitability and cash flow. The system is easy to follow and takes the guesswork out of financial management, allowing you to focus on growing your business. We’ll guide you through the process of understanding and applying financial management principles, helping you grow your business in a healthy and sustainable way.

Unlike many other industries, the hospitality industry’s issue isn’t generating cash flow, it’s staying cash flow positive and removing the temptation to spend your money. That’s where we come in. We work with you to create a plan and implement processes to keep your business cash flow positive.

How can we help?

As a Profit First Professional in Launceston, Tasmania and beyond, we are certified in the Profit First methodology and take immense pride in aligning our business with Profit First. We have access to a worldwide network of professionals, tools and a resource library, enabling us to leverage this network to assist our valued clients to achieve their goals (both personal and business).

Cash flow management can be overwhelming, leading to stress along with all the other pressures of running a business.

By implementing Profit First into your business, we can ensure your profits are prioritised and that you are clear on how to make more money as well as how to spend it wisely. With our tailored assessments & advisory, we create the framework for a financially sustainable business that works for you.

We’re passionate about our client’s business success and assisting them to reach their financial goals.

Learn more about what how can Profit First help your business here.

How Profit First helps business owners

“I could not believe the feelings that I was experiencing as I was doing this. I felt control over our money. Even more than I had felt before. I then showed my business partner the home page on our internet banking and the list of accounts and pointed out the two new ones. I described to him what I had been doing and what it meant. Being able to do this gave us both clarity on where we sit financially, and also comfort that there was money sitting in the BAS/GST account ready for the next BAS or IAS”

– Natasha Hodgman, Hodgman Kitchens

Get clarity into your business

Operating with clarity means you know and understand where your money is going and why. It gives you the ability to make informed decisions that move your business forward, rather than constantly reacting out of stress. From understanding your labour costs and rostering to food costing and wastage, you’ll see how money flows through your business, and what you can do to keep more of it.

We know the hospitality industry and we’ve seen how our expertise combined with Profit First transforms hospitality businesses. We’re here to make running your business simple and stress-free. We’ll set up the technology, implement processes for accounting, and guide you on using Profit First to build the business you’ve dreamed of.

Turn your business from a money eater into a money maker. Chat with us to learn more.

We love working with construction businesses, too.

If you run a construction business and need help with your accounting, bookkeeping, taxes, or payroll, we’re here to help you. We understand the unique needs of running a construction firm and we’re happy to help you.

Contact us to learn more about how Profit First can help your construction firm in Launceston, Tasmania and beyond.