In this episode, host Jim Mayer interviews guest Susanne Mariga, a fractional CFO and expert in the Profit First method. Susanne shares her journey in finance and entrepreneurship and explains how the Profit First method helps businesses prioritize profit and financial stability. She discusses the allocation of revenue in Profit First, creating an illusion of scarcity, and the impact of Profit First on company culture. Susanne also addresses the unique challenges faced by minority entrepreneurs and provides strategies for financial success. She emphasizes the importance of assessing and improving company culture through financial strategies and shares insights from her Profit Talk podcast. The episode concludes with Susanne offering a resource for determining profitability percentages. Takeaways

• The Profit First system can help manufacturers improve their financial health and profitability.
• Financial strategy plays a crucial role in shaping company culture.
• Aligning financial goals with company values can lead to a more cohesive and motivated workforce.
• Creating a positive and effective workplace culture requires intentional effort and a focus on employee well-being.

Connect with Susanne on Linkedin

Please visit her website Profit First

A big shoutout to Speroni, the leader in tool management systems. Their dedication to precision and innovation in the manufacturing industry is unparalleled. Speroni is not just a sponsor; they are integral to advancing manufacturing excellence. Their support allows us to bring these valuable insights and discussions to you.

We're also thrilled to welcome our new partner, ShopFloor Coffee. More than just a coffee brand, ShopFloor Coffee is a cause-driven business dedicated to supporting workforce development efforts. A portion of their proceeds goes towards apprenticeships and scholarships in Advanced Manufacturing, making every sip count towards a brighter future for the industry.

 And here's something exciting for our listeners! Use the promo code "SkillUpAZ" to get 10% off your order at ShopFloor Coffee. Not only do you get a great deal on your coffee, but you also contribute to supporting apprenticeships and scholarships in Advanced Manufacturing. It's a win-win – enjoy fantastic coffee while helping to skill up the next generation of manufacturing professionals.