DiscoverThe Strategiq Chess Podcast - Profit, Property And ProsperityProfit First: The #1 Rule for Business Success
Profit First: The #1 Rule for Business Success

Profit First: The #1 Rule for Business Success

Update: 2025-09-01
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Description

Profit isn’t a dirty word—it’s the foundation of freedom, impact, and sustainable growth. In this episode, we break down why profit must be your number one focus if you want to scale your business, create long-term wealth, and truly help more people.


You’ll discover:

  • Why profit and purpose are not opposites—they fuel each other.
  • How to shift your mindset to see profit as opportunity, not greed.
  • The “profit-first” model that unlocks leverage through finance and property.
  • How to implement 1% improvements across your people, pricing, systems, and KPIs.
  • The simple three-times model that every service business should use.


This episode is packed with real strategies, frameworks, and mindset shifts that we’ve used personally and with clients to turn struggling businesses into scalable, profitable, and purposeful enterprises.


Follow us here:

Instagram: ⁠⁠https://www.instagram.com/strategiqadvisory⁠⁠

Website: ⁠⁠https://https://strategiqba.com.au/⁠⁠


Listen or watch here:

🎧 Spotify: ⁠⁠open.spotify.com/show/0K3na6MgfUw00IqTonXADF⁠⁠

🎧 Apple Podcasts: ⁠⁠apple.co/3UV3q9k⁠⁠⁠

🎧 YouTube:⁠⁠ youtube.com/playlist?list=PLh5j7Ri-KfiOGCSDpVNbiWcFK8DfYtvnD&si=OwpA-TSK-ShQYIwe



00:00:00 - Introduction

00:01:00 - The Importance of Profit

00:02:12 - The Role of Mindset in Profit

00:03:18 - The Connection Between Profit and Helping People

00:09:23 - The Misconception About Profit

00:11:44 - The Role of Energy in Business

00:13:26 - The Role of Accounting in Profit

00:15:26 - Emotional Attachment in Business

00:19:14 - KPIs in Profit Management

00:25:00 - Direct Costs in Profit

00:26:26 - Being Busy vs Being Productive

00:30:51 - Macro Level Planning

00:33:33 - Correct Pricing

00:34:35 - The Why & ROI

00:40:12 - The Impact of Office Environment on Profit

00:41:51 - The Role of Staff in Profit

00:47:05 - The True Cost of Cheap Labor

00:47:27 - The Value of Investment in People

00:49:42 - The Power of Systems and Time Management

00:51:22 - Profit and Loss Statements

00:52:26 - The Role of KPIs in Profit Management

00:53:41 - The Importance of Teamwork in Profit Management

00:53:50 - Conclusion

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Profit First: The #1 Rule for Business Success

Profit First: The #1 Rule for Business Success

Ryan Bultitude & Lisa Baker