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Profit Answer Man: Implementing the Profit First System!

Nov 26, 2023

How to Create the Structure for Profitable Growth with Patrick Esposito

Patrick Esposito, a seasoned businessman, author of THE STRUCTURE OF SUCCESS, is president of ACME General Corp. and also serves as counsel with Spilman Thomas & Battle law firm. Patrick engages in a conversation with Rocky Lalvani in this episode. He has helped found, lead, and advise businesses in technology, consulting, and other sectors. Esposito was co-founder of Augusta Systems, Inc., which was acquired by Intergraph Corporation and was co-founder of Resilient Technologies LLC, which was acquired by Polaris Inc. Esposito recently launched Initiative Labs LLC to help leaders apply the approaches and tools in this book.

We discuss the importance of building a strong foundation for business success, including topics such as team management, strategic planning, infrastructure development, and disaster preparedness. Patrick also shares insights and practical advice on how to navigate these critical areas and ensure long-term profitability.

In this episode, you will learn the following:


  • The significance of corporate governance extends beyond publicly traded companies to small and medium-sized enterprises. 
  • The need to consider multiple management teams' points of view when formulating strategic plans.
  • Learn the eight key categories of governance for business leaders: strategy, infrastructure, relationships, business disputes, transactions, partnerships, succession planning, and disaster preparedness.
  • The value of creating systems and infrastructure to facilitate efficient information sharing and knowledge management among team members.
  • The advantages of making minor infrastructure investments to improve revenue, team performance, and business operations.



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Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

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Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.