Hosting Your Own Profit Party: Take Control of Your Business Finances

For many entrepreneurs, numbers and finances can feel heavy, overwhelming, or even scary, leading to avoidance and procrastination.

But what if you could change the energy around it? By hosting a monthly Profit Party, you can shift the way you look at your finances, moving from fear and avoidance to empowerment and control.

Understanding your numbers isn’t just about profit or loss, it’s about stepping into your power as a business leader. Let’s dive into why a Profit Party could be the game-changer your business needs and how you can get started today.

Why finances feel heavy

Many of us have experienced it: the stress that comes from dealing with finances. We might think, “I didn’t start my business to feel this stressed about numbers!” 

It’s easy to fall into the trap of believing that finances are something we should avoid, or that we can just hand over to an accountant to manage.

But here’s the thing: avoiding your finances doesn’t solve the problem. In fact, it does the opposite. When you avoid your numbers, you lose your power to make informed decisions in your business. Knowledge is power. When you are aware of your financial situation, you regain control and can steer your business in the direction you want it to go. 

The power of a Profit Party

This is where the Profit Party comes in. A Profit Party is a monthly meeting you have with yourself (and maybe your team) where you sit down, look at your numbers, and assess how your business performed over the past month.

Why is it called a party? Because it’s a time to celebrate your wins and learn from your challenges! You can make it as fun as you want—put on your favorite music, grab a cup of coffee or tea, and set up a comfortable space to dive into your numbers. The goal is to lighten the energy around finances, making it a regular part of your business routine rather than something to dread.

Know your numbers, know your power

Your profit and loss statement isn’t just a reflection of your income and expenses. It’s a powerful tool that gives you insight into what’s working in your business and what needs improvement. By hosting a monthly Profit Party, you can see clearly:

1. How much revenue your business generated.
2. How much you spent on expenses.
3. What profit you made (or loss you incurred) for the month. 

When you know these numbers, you can make informed decisions about what actions to take in the following month. For example, if you spent more on marketing than you anticipated but didn’t see the expected return, you can decide to tweak your marketing strategy for next month. Or, if you had a record month of sales, you can celebrate that success and think about how to replicate it.

Shifting the energy around finances

One of the key reasons many business owners avoid their finances is because it feels too serious or too difficult. We often associate numbers with failure, thinking that if we’re not making as much money as we’d hoped, it means we’re not good at running a business. This couldn’t be further from the truth.

Your profit and loss statement is simply a neutral document that reflects the actions you took in your business. It’s not a judgment of your capabilities. And when you look at your numbers regularly, you start to see patterns that help you make smarter decisions.

Tip: To make your Profit Party a success, bring good energy into it! Do something that makes you feel positive beforehand, like a workout, a walk, or listening to your favorite music. When you’re in a good mood, you’ll be more open to looking at your numbers objectively.

It is all about awareness

The first few Profit Parties might feel uncomfortable, especially if your numbers aren’t what you expected. But remember, it’s in the discomfort that we grow. By gaining awareness of your financial situation, you empower yourself to take control and make necessary changes.

Awareness is knowledge, and knowledge is power. Whether your business is currently profitable or experiencing a loss, knowing your numbers allows you to make intentional decisions that move your business forward.

How to host your own Profit Party 

Ready to host your first Profit Party? Here’s a quick guide:

1. Set the scene: Find a comfortable space, put on some music, and grab your favorite beverage. This should feel like a positive, empowering experience.
2. Gather your numbers: Pull up your profit and loss statement from the previous month. If you use software like Xero or QuickBooks, generate your report. If you don’t have accounting software, a simple spreadsheet will do.
3. Review key metrics: Compare your revenue, expenses, and profit (or loss) from last month. Ask yourself:
• Did I meet my revenue goals?
• Did I stay within my budget for expenses?
• What actions did I take that contributed to these results?
4. Celebrate wins: No matter how small, celebrate your successes! Every step forward is a win.
5. Plan for next month: Based on what you learned from this month, set new goals and make adjustments where needed. This is where you step into your leadership role as a business owner, making CEO-level decisions.

Final thoughts

Finances don’t have to feel heavy. By hosting regular Profit Parties, you can shift the energy around your business numbers, transforming what once felt like a burden into an opportunity for growth and celebration. Your numbers are a reflection of the actions you take in your business—and that means you have the power to change them.

Take control, step into your leadership, and make finances a fun, empowering part of your business journey. See you at the next Profit Party! 

P.s I have made a fun template to get you started... get access to it here.

Resources

Get the Profit Party Template 

Listen to the podcast all about Profit Parties 

Read my blog all about "knowing your numbers" 

Watch my short Instagram video on hosting a Profit Party