Profit First
Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
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4.5 • 222개의 평가
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- US$16.99
출판사 설명
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.
사용자 리뷰
Great book
This is a very very good book to read to get your finances in check.
Game Changer
All I could think while reading this is I wish someone would have given me this book on day one of starting my business. I own a franchise and have always struggled with separating the royalties, crew pay, taxes, operating expenses, and most important….Profit!
Within 2 weeks of reading this I’ve made so much progress. Cut out thousands in wasteful spending, accounts are growing, and so much stress has been lifted.
Love that you don’t have to know how to read reports or learn any new skills. Just set up your accounts and get into a routine of transferring funds. That’s it!
I truly believe this book just changed my financial future, thank you algorithm for putting this in my feed!
Must Read
Like omg! Is all I can say about this book. It was like he was in my house with me guiding me on the steps I need to take in order to become successful. Truthfully I can’t wait to add the things I’ve read and make the needed adjustments to see how it works out for me. Maybe I’ll be back with an update.