The Modern Consultant
#10: Profit First Professional sheds light on the growth challenges of $1M, $10M, and $100M Businesses w/ Rocky Lalvani
May 23, 2023
Today’s guest is Rocky Lalvani, founder of Profit Comes First - a website where he weaves together his expertise in Economics, Pharmaceutical Sales, Profit First and being a fractional Chief Financial Officer to demystify financial growth for small businesses. Remarkable, since Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents already being in their 40's. Even more remarkable when you learn that just a few years later, his mother passed away when he was just 7 years old. Despite every imaginable challenge that would create, he sees it as ever the more reason to live life fully, and in alignment with values that make life meaningful. In today’s episode, we start with profit, but we end with the priceless value of life. --- Ready to go from idea to implementation? Join The Modern Consultant email list, and we’ll share weekly emails and a monthly free workshop for you to productize and scale your expertise. https://bit.ly/3oD6g5T If you’re interested in becoming a client, then also join the email list to hear when new client enrollments are available.
[0:40] – Introducing Rocky “Profit Answer Man” Lalvani
[4:57] – How can parents teach their children the principles of building wealth?
[8:04] – How Rocky helps small business owners become better financial leaders
[13:53] – The common challenges that business owners face at different stages of revenue
[22:06] – How Rocky raises awareness for his clients “in measuring success” and guides them in dealing with emotional issues with business decisions
[25:30] – Rocky’s biggest personal breakthrough
[32:40] – How Rocky helps determine your $10,000/hr task
[38:16] – The most unexpected thing Rocky learned from assisting people with Profit First
[49:26] – Profit First’s biggest struggle for its clients
[51:14] - How Rocky would advise his younger self as a new Profit First Certified Professional

Resources:

Buy Back Your Time: Get Unstuck, Reclaim Your Freedom, and Build Your Empire by Dan Martell - https://www.amazon.com/Buy-Back-Your-Time-Unstuck/dp/059342297X
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz - https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making/dp/073521414X/
The 12 Week Year: Get More Done in 12 Weeks than Others Do in 12 Months by Brian P. Moran & Michael Lennington - https://www.amazon.com/12-Week-Year-Others-Months/dp/1118509234

Rocky Lalvani’s Links:
LinkedIn: https://www.linkedin.com/in/rocky-lalvani/
Website: https://profitcomesfirst.com/
Profit Answer Man Podcast: https://profitanswerman.libsyn.com/