How to combine Profit First with EOS for Optimal Financial Management

By kalwiggins / June 7, 2025

Transcript

(00:00)
Hey, this is Ryan with Synergy.
Today, we’re going to talk about combining two of my favorite things: Profit First and EOS, to help you optimize your financial management.

(00:08)
The first thing we’ve got to do is align your financial rocks with Profit First principles.
That means thinking about expense cutting, cash reserves, profitability, and more.
In a 90-day term, you want to establish SMART rocks that help achieve those goals—and communicate them clearly, especially upon completion.

(00:32)
Second, we want to use our Profit First bank accounts to support our EOS scorecard.
Measure how much money is in each Profit First account—or all of them combined—and track those numbers weekly or monthly.
As your business distributes cash, you should see those balances grow and disperse in alignment with your plan.

(00:52)
So, the first step?
Set up your Profit First accounts.
If you haven’t done this yet, just start with a single 1% Profit account. Do it now.

(01:01)
Next, integrate your key financial metrics into the EOS scorecard. Some ideas:
Profit percentages
Real revenue
Cash reserves in the profit account
Debt scheduling
Debt paydowns
CapEx expenditures
Depending on your disbursement schedule, track them weekly, bi-weekly, or monthly.

(01:31)
Another important step: conduct regular financial reviews during your Level 10 meetings.
Review the scorecard.
Identify and discuss any issues.
Use Profit First and EOS principles to solve them proactively.

(01:47)
Make sure your meetings include financial metrics.
Encourage open dialogue.
Solve issues as they arise.

(01:54)
EOS is all about process.
So, develop best-in-class SOPs (Standard Operating Procedures).
Make sure they are clear, involve your team, and get regularly reviewed and updated.

(02:06)
By combining Profit First and EOS, you’ll soon have a very healthy company.
Thanks for watching.
Be sure to subscribe, and use the link in the description if you need help in your business.

Running a business without a clear financial strategy is like driving cross-country without a map. In this video, Ryan McGarghan breaks down how to combine Profit First—the popular cash management method—with EOS (EEOS Inspired Financial Managementntrepreneurial Operating System) to gain control over your finances, stay accountable, and build a healthier company.

Whether you’re just getting started with Profit First, already running on EOS, or trying to align both systems, this short video gives you tactical guidance on how to integrate them effectively.

🎥 Watch the full video above.

Why This Matters

Combining EOS with Profit First helps you:

Set clearer financial goals with accountability
Make smarter decisions based on actual cash flow
Ensure your team is aligned on financial priorities
Prevent overspending by using bank account boundaries
Build discipline and rhythm around financial reviews

Key Takeaways from the Video

Here are 5 core takeaways with timestamps:

🪨 (00:00) – Set Financial Rocks with Profit First Principles
Use 90-day financial rocks (goals) focused on profitability, cash reserves, and spending cuts. Make sure they’re SMART and clearly communicated.
🏦 (00:32) – Use Profit First Accounts to Power Your EOS Scorecard
Track the balances of your Profit First accounts and include them as weekly or monthly metrics in your EOS scorecard.
🟢 (01:01) – Start Simple: Just One Profit Account
If you’re new to Profit First, don’t overthink it. Open one bank account, assign 1% of revenue to profit, and build from there.
📊 (01:15) – Tie Metrics to Real Business Drivers
Integrate KPIs like profit %, real revenue, debt repayment, and CapEx into your EOS scorecard to see what’s working—and what’s not.
🧩 (01:31) – Review Financials in Every Level 10 Meeting
Include metrics in each meeting, flag issues, and build processes that support both EOS and Profit First. It’s about building muscle memory into your operations.

Final Thoughts

This video isn’t theory—it’s practical, usable strategy from someone who helps businesses implement both frameworks. If you’re looking to take control of your business finances while creating a structure for sustainable growth, this 2-minute breakdown is worth every second.

Watch it now and start aligning your numbers with your vision.

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