The Profit First UK licence is owned and operated by Duncan
Lloyd, CEO and founder of Profit Genie Group.
However he felt the accountancy industry didn’t serve it’s clients well,
and in 2017, decided to use his FD experience to build an accountancy firm to
really help clients – to help them make more money, not just to do the year end accounts.
Then, in 2019, a client recommended the book, Profit First.
Having read it, Duncan was hooked, and realised he wasn’t serving his clients as well as he could.
Profit First focused on cash, and the entrepreneurs natural
instinct to monitor cash, rather than P&Ls, balance sheets, and cashflow statements and he could see how it could help his customers.
So he contact Profit First Professionals in America, and after a few months, was Profit First certified.
It was so effective, that Duncan applied the principles in his own firm and even to his family.
With such compelling evidence of it’s effectiveness, Duncan flew to New York to meet Mike Michalowicz, and ask him for the rights to the UK licence.
There were already licences in:
USA
Canada
Australia
New Zealand,
Austria,
Germany,
Netherlands,
Israel,
But the UK was missing out.
Now, after some negotiation, and cycling around New Jersey with Mike Michalowicz
(the hills aren’t as challenging as Yorkshire…) Duncan now co-owns Profit First Professionals UK, and helps other accountancy firms, book-keepers, and coaches, to deliver Profit First to all their clients.
He does this whilst also running Profit Genie Group,
a UK accountancy firm which has honed and refined the Profit First
system to work perfectly in the UK.
Even for a self-confessed introvert, Duncan likes to speak
to anyone and everyone he can about Profit First, and to share top tips on how
to drive the systems benefits.
Duncan can often be found on stage, speaking about the
virtues of Profit First, even if he hasn’t been invited to!
Author of 'Profit First' Mike Michalowicz, Duncan Lloyd and Cyndi Thomason.
Duncan Lloyd, guest speaker at a client mastermind event for Fitness entrepreneurs.
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