What We Learned After Six Months of Putting "Profit First" in our Creative Business

Do you often feel like your business takes more from you (time, money and energy) than it gives you?

If so, you should definitely pay attention to this episode - because a single strategy from a not-so-well-known book can radically change your financial position as a creative.

In this episode, we share how the Profit First strategy from the best-selling book helped revitalize and transform our business mindset, so that we made more money and became much more confident financially.

Profit First, a book by Mike Michalowicz, proposes a vastly different approach to business financial management. Instead of taking profit from the business after deducting expenses, Profit First advocates for a percentage of profit to be taken first, before expenses are paid. The complete plan also involves setting up different bank accounts for categories in your business and making very intentional decisions when it comes to purchases and debt reduction.

When I (Allen) instituted this method in my business, I immediately saw the change in my attitude toward financial management - from a “let’s get by” mentality to “I need to see benefits / profit” mentality. In this episode I’ll give you a 30,000 foot view of the founding principles of the strategy, so you can look further and decide if you’d like to implement it in your creative business.

Tap here to check out the book "Profit First"

In this episode you’ll discover:

• How traditional financial principles can stifle your creative business growth
• The basic underlying principles of Profit First
• How Profit First differs from the standard way of managing your money
• Specific ways in which we implemented the strategies to radically change our financial position.

Links Mentioned in this Podcast Episode:

• Join our membership for highly motivated creatives who want to gain complete confidence as artists and entrepreneurs - God and Gigs 360! Join for 30 days FREE by going to godandgigs.com/freetrial
• GodandGigs.com/ToolKit - check out ALL of our most trusted and effective tools and resources for faith-focused creatives
• Godandgigs.com/grow - FREE trainings where you’ll learn how to build your online audience and connect deeply with those you are called to reach with your creative work
• Learn about The 4 Questions you need to ask before going Full-Time in Arts and Entertainment
• Join our God and Gigs Facebook Group so you can watch more of our Facebook Live chats!

On January 24th, 2021, we're presenting a FREE masterclass to our community on Defeating Your Dream-Killing Creative Challenges So You Can Crush Your 2022 Goals! You can sign up at godandgigs.com/masterclass and attend this live training that will provide you with inspiration, effective strategies, and tips that will get you unstuck and moving forward with creative confidence!

More About the God and Gigs Show

Welcome to The God and Gigs Show, the podcast for Christian creators who want to build a creator lifestyle that honors God and gives you the joy and satisfaction you've always wanted.

This isn't a show about hustle culture or chasing the next algorithm trick. We go beyond surface-level tips to talk about what it actually looks like to create from a place of faith — practical strategies for podcasting, content creation, and growing a creative business that lasts. You'll hear conversations about staying consistent without burning out. We also dig into finding your creative voice along the way, even when ministry, family, and work are all pulling at the same hours.

Whether you're just exploring your creative gifts, or you've been creating professionally for years, this show gives Christian creators practical tools and spiritual encouragement to fully embrace God's creative calling - at any level of skill or vocational ability. The goal is to help you create consistently and embrace God's will for your creative life without sacrificing your calling.

Your host and founder is Allen C. Paul — podcaster, musician, author, and speaker based in South Florida.  We started this show to help creators thrive in faith, business, and creativity through simple, practical solutions.

We'll cover questions like:

• How do I work in secular arts and entertainment without losing my faith focus?
• What does it actually look like to build a creative business as a Christian?
• How can I stay consistent with content creation without burning out?
• What's the difference between hustle culture and sustainable creative work?
• How do I find my voice as a faith-driven or creator?
• How can I balance ministry, family, and creative work?
• What are practical first steps to working as a Christian creator?

If you've been searching for honest conversations about faith and creativity,  keeping your family and relationships as your first priority, or how to build a business that honors your calling, you're in the right place. Join us every week as we help you become the creator you were created to be.

Connect with us on Instagram at https://instagram.com/godandgigs and learn more about the God and Gigs 360 community at https://godandgigs.com/membership.

Have more questions? Check out our FAQ page on The God and Gigs Show