<?xml version="1.0" encoding="UTF-8"?><oembed><type>video</type><version>1.0</version><html>&lt;iframe src=&quot;https://www.loom.com/embed/308de21a8a8e4fe7b281bd70ce9dad69&quot; frameborder=&quot;0&quot; width=&quot;1138&quot; height=&quot;853&quot; webkitallowfullscreen mozallowfullscreen allowfullscreen&gt;&lt;/iframe&gt;</html><height>853</height><width>1138</width><provider_name>Loom</provider_name><provider_url>https://www.loom.com</provider_url><thumbnail_height>853</thumbnail_height><thumbnail_width>1138</thumbnail_width><thumbnail_url>https://cdn.loom.com/sessions/thumbnails/308de21a8a8e4fe7b281bd70ce9dad69-5f6c1991ab868992.gif</thumbnail_url><duration>392.2357</duration><title>Implementing Profit First: Step #1</title><description>I discuss the importance of setting up separate bank accounts for profit, owner&apos;s comp, and taxes to implement Profit First successfully. I emphasize the gradual transition process over immediate changes to avoid overwhelming adjustments. The 12-step implementation plan is structured for a 90-day period with monthly check-ins for progress evaluation and decision-making. No immediate separation of income and operating expenses is advised to ease into the new system smoothly.</description></oembed>