Enable Strategy Lab
Profit Allocator
Pay yourself and pocket real profit - before a single expense gets paid.
Split your Real Revenue across Profit, Owner's Pay, Tax and Operating Expenses using the target percentages for your revenue size, see exactly where your current spending is out of line, and get a plan to close the gap. Built on the Target Allocation Percentages from Mike Michalowicz's Profit First method.
Included in All Access, or unlock it on its own.
Who it’s for
- Making money but never keeping any of it?
Start here first: free Academy course
Pay Yourself First
Treat profit as "whatever's left over" and there's usually nothing left over - expenses have a way of expanding to fill whatever's available. The Profit First method, credited to Mike Michalowicz, flips the order so profit gets paid first and the business adapts around it instead of the other way round. Keep doing it the old way and profitability stays a hope for next quarter instead of a habit this quarter.
- 1.Flip the FormulaSales minus Expenses equals Profit sounds logical - and it's exactly why most businesses never actually see any.
- 2.Four Accounts and Your Real RevenueProfit, Owner's Pay, Tax, Operating Expenses - and the one number every target percentage is measured against.
- 3.Find Your Current SplitA rough, honest estimate before you touch the tool.
- 4.The Quarterly Distribution, and Going SlowProfit only feels real once it actually gets paid out - and the shift itself should happen gradually, not overnight.
- 5.Quick CheckA few questions to lock in what you just covered.
- 6.Build Your PlanTurn your Real Revenue into a real, scored allocation plan.
Questions
What does the Profit Allocator do?
Split your Real Revenue across Profit, Owner's Pay, Tax and Operating Expenses using the target percentages for your revenue size, see exactly where your current spending is out of line, and get a plan to close the gap. Built on the Target Allocation Percentages from Mike Michalowicz's Profit First method.
How much does the Profit Allocator cost?
It's included in All Access along with every other Lab and the full Academy, or you can unlock it on its own. The membership page has the current options.
Is it built for Australian businesses?
Yes. Enable Strategy Lab is built in Queensland for Australian small business owners, using Australian dollars, GST and Australian terms throughout.
Do I need to be good with numbers or strategy?
No. Each Lab walks you through one step at a time in plain English, with examples, and saves your work as you go so you can come back to it.
Is there anything I should read first?
Yes: the free Academy course "Pay Yourself First" explains the thinking behind this Lab in 6 short lessons.