Profit First, Freedom Follows: How to Buy Back Your Time

By Gretchen Roberts

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Profit and revenue blocks balanced on a scale with text Profit Buys Back Your Time
Most business owners start their companies to gain freedom: financial independence, control over their time, and the chance to build something bigger than themselves.
But somewhere along the way, the business starts owning them.

Long hours, razor-thin margins, and cash constantly reinvested back into operations leave too many owners with little to show for their effort. The truth is, freedom doesn’t come from more revenue. It comes from building profit into your system from the start.

Why Profit Has to Come First

Too many owners think of profit as “what’s left over” after expenses. But it’s the engine that drives growth, stability, and your ability to step out of the daily grind.

By putting profit first, you:

  • Guarantee the business is serving you, not the other way around.
  • Create financial discipline that strengthens every decision. 
  • Build cash reserves that buy time, options, and peace of mind.
  • Have more money available to replace yourself as Chief Everything Officer

At Red Bike Advisors, we see it every day: when owners start tracking and managing their profit metrics, they move from reactive to proactive, from anxious to confident.

The Cost of Putting Profit Last

When owners focus only on revenue and let profit “shake out later,” the trap sets in:

  • More revenue, more problems: Sales increase, but cash flow stays tight because margins are weak.
  • Burnout: You’re busier than ever but still not paying yourself consistently
  • Risk: Without profit reserves, one slow month or surprise expense can derail everything.

It’s not just about dollars. It’s about peace of mind and sustainability.

How to Put Profit First

Start by changing how money moves through your business. Here are practical ways to do it:

  • Create a profit account. Transfer a percentage of every deposit into a separate account before paying expenses. 
  • Pay yourself first. Owner’s compensation is a non-negotiable line item, not “whatever’s left.”
  • Cut the excess. Review expenses quarterly to eliminate waste.
  • Build reserves. Even a modest buffer reduces stress and gives you freedom to take advantage of opportunities. 
  • Measure freedom, not just revenue. Use KPIs like Red Bike Advisors Profit Time Index to track how profit converts into time and flexibility.
  • Benchmark your success. If you’re making 20% profit and think that’s good, but your industry runs at 25%, you’ve got work to do. Don’t settle for average — as my coach likes to say, “Average is the cream of the crap.” Instead, aim to hit the benchmark and then surpass it. 

The Bottom Line

When you put profit first, every dollar starts working harder. You gain visibility, control, and confidence to make strategic moves, not reactive ones.

That’s how you buy back your time.

Join the Breakaway Growth Accelerator and learn how to put profit first, so your business finally funds the freedom you set out to create.

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Gretchen Roberts

Gretchen Roberts is CEO of Red Bike Advisors LLC. As a business owner herself, Gretchen has a deep understanding of the problems, questions, and financial pain points that business owners experience on a daily basis, and how strategic financial and tax planning is the key to "breakaway" business growth and success.