Profit First Profit First

Profit First

Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

    • 4.5 • 199 Ratings
    • $16.99
    • $16.99

Publisher Description

Author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability.

Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that:

· Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances.
· A small, profitable business can be worth much more than a large business surviving on its top line.
· Businesses that attain early and sustained profitability have a better shot at achieving long-term growth.

With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.

GENRE
Business & Personal Finance
RELEASED
2017
January 18
LANGUAGE
EN
English
LENGTH
224
Pages
PUBLISHER
Penguin Publishing Group
SELLER
PENGUIN GROUP USA, INC.
SIZE
3.1
MB

Customer Reviews

Dr. Raymond Nichols ,

Game Changer!

I am a chiropractor and actually just started my practice. I believe that this book has arrived at the perfect time!!! MUST READ!!!

Mo 813 ,

An Entrepreneur’s Bible

This book was amazing!! I have grown & matured as a business owner & man reading this book. I feel so powerful & confident that my business will be here for the long haul because of the strategies I implemented coming from this book. I am forever grateful for Mike sharing this insight…

MrO202 ,

Great Book

Nice Read !

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More Books by Mike Michalowicz

The Pumpkin Plan The Pumpkin Plan
2012
Fix This Next Fix This Next
2020
La ganancia es primero La ganancia es primero
2017
Clockwork, Revised and Expanded Clockwork, Revised and Expanded
2022
Get Different Get Different
2021
All In All In
2024

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