Profitable From The Start

Profitable From the Start was designed for: ✔️ Anyone who's in the process of starting a business or recently started a business - full-time or side hustle. ✔️ Business owners who may have been at it for a while but have decided to take it more seriously, get themselves organized, and start creating profits. ✔️ Business owners who are making ~$0-6K in monthly revenue. ✔️ Anyone who's willing to put a little bit of effort into setting up the sometimes tedious foundations of a good business. ✔️ Anyone starting a coaching, consulting, agency, service, retail, or e-Commerce business. ✔️ People who are willing to learn, and willing to look under the hood at their money - which can sometimes be hard to do! But is so worth getting it under control. Profitable From the Start is not a good fit if: ❌ You're starting your business with funding from a venture capital/private equity firm (they probably have accountants they want you to work with anyway). ❌ You've made $100K or more in sales in your business - I'd recommend our Profit + Prosper program instead, because PFS will be too basic for you 😉 ❌ I'd probably not recommend PFS for anyone starting a business in the manufacturing/industrial industry because I think you'll need more support around inventory and cost accounting.

I designed this program to be quick, potent, and to-the-point. You should be able to get through all the content in a week or less. Most of the videos are 15 minutes or less! In terms of implementation, it may take a few weeks to get all your foundational items set up since you may have to wait on snail mail or government approvals. I'd probably also budget 1-2 hours per module (there are 5 modules in total) to complete the assignments.

Have questions? I totally get it. That's why I've included a repository of FAQs that other business owners have submitted! Here's how you can get your questions answered: You have access to get your questions answered about starting up your business/the course content for 90 days after you purchase PFS. I can answer general questions about the content in PFS. I cannot answer specific questions or provide specific tax advice for your business since I do not know all the details of your business and personal situation. Here are some examples: Questions I can answer: What's a good payment processor for service providers? What types of expenses are included in the home office deduction? What's the best time to file for S Corp status? Can I do {X} in QuickBooks Online? Questions I can't answer: Should I charge sales tax on this specific product/offer? Will I get to take the home office deduction on my tax return this year? Should I become an S Corp this year? Can you fix my QuickBooks file for me? (Note: We do actually have a super-secret QuickBooks Power Hour service where we'll fix your QB for an additional fee, but it's only available to current students in our programs and current tax clients.) If you need support beyond 90 days, I highly recommend getting in my Profit + Prosper program, where you'll get access directly to me every week for 1:1 coaching!

I want you to be 100% satisfied with your purchase! I put all my best stuff in this program - and worked to simplify and streamline the content - so I strongly believe that if you put the work in, you will see results. First, I ask that you make sure you're a good fit for Profitable From the Start (see the FAQ right above this) and determine if you're a more advanced business owner. If you are more advanced, then I'd recommend my Profit + Prosper coaching program instead! If you do decide you're a good fit but don't feel satisfied for any reason after completing Modules 1 and 2, simply reach out to me at hello (at) trustyoungco.com, show me the work you've done and tell me what's not working for you, and I'll refund your investment in full.

Nothing! You don't need any finance skills to start. You just need a willingness to learn - which can be the hardest part for many of us. I make NO assumptions about what you might already know in these lessons. I've distilled my decade-plus experience working with over 100 clients from startups to 8-figure businesses (and if you go back to my corporate days, multi-billion-dollar businesses) into exactly what you need to know about finances, taxes, bookkeeping, and money management. I didn't put any fluff in this program. But I did include a couple of extra modules that you likely won't find anywhere else - Startup Strategy and How to Get Paid - because I think those concepts are essential for running a profitable business. And I don't use jargon. If I do use a technical term, I'll explain it to you. Fun fact - I taught high school math for two years before going back for my Master's in Accounting. If I can teach teenagers about algebra and geometry, I feel pretty confident I can teach you about business finance!

YES. I know this is a huge concern for many business owners. The thing is, when you're starting your business and are making ~$0-6K in monthly revenue, things are actually pretty simple from a finance and tax perspective. (I know it doesn't feel that way to you, but as an expert in this area, trust me when I say it is.) In Profitable From the Start, I cover everything you need to get your finances done right - including your legal entity selection, getting your EIN, setting up bank accounts, doing your books, understanding and paying taxes, and even what deductions you can take! And I point out a few situations where I do think you should get 1:1 legal and/or tax support.

If they're not answering your questions and making you feel at ease, yes. If they're not teaching you a startup strategy - which includes how to calculate your revenue target, setting your optimate prices, and how to make spending vs. investment decisions - yes. If they aren't helping you figure out how much you can afford to pay yourself and how to manage your money - yes. Neither bookkeeping nor tax prep by themselves actually teach you how to create a profitable business - you have to take your financial data, learn how to interpret what it's telling you, make CEO-level decisions, and then manage your money. None of these things are usually involved in bookkeeping or tax prep - because that's what a CFO is for (and that's what I do!).

There are two modules of PFS that do cover US-specific legal entity and tax rules, but the other modules are NOT US-specific and well worth the cost of the program on their own! Here's a breakdown: 👉 Module 1 - Business Foundations Does focus on US-specific legal entity types and registration how-tos, but also covers bank accounts you need and how to get money from customers! 👉 Module 2 - Startup Strategy Not US-specific at all! This module alone is probably worth the entire investment, TBH. 👉 Module 3 - Finance Essentials Not US-specific - I'll show you how to keep your books updated and interpret your financials. 👉 Module 4 - Business Tax Basics Does focus on US tax rules, but I also show you how to set up a system to make taxes easy. Just substitute your country's tax rate for the US tax rate! 👉 Module 5 - How to Get Paid Not US-specific - I'll teach you my system to manage your money and calculate how much you should pay yourself!

This program is intended to teach you basic, general business finance knowledge. There's no way I can include every scenario in a program like this! However, I've worked with over 100 businesses in a wide variety of industries since starting Young + Co, and I believe that most "unique" situations aren't actually all that unique in the early stages of business. The vast majority of business owners will benefit from the framework I teach in this program!