Take Profit First: Transform Your Business From A Cash-Eating Monster To A Money-Making Machine Scripted By Mike Michalowicz Expressed As E-Text

First' has changed my mindset and business, It will do the dame for you, Thank you Mike Michalowicz for providing a new approach to managing and growing a business, This book argues that many businesses focus too much on revenue and not enough on profit, I heard about Profit First through fellow entrepreneurs on a podcast.
I love to read, but don't usually purchase financial/accounting related books BUT, that has all changed.
Profit First is one of the best books I have ever read in any category, Mike's philosophy ABC apply bottom to chair and what Mike teach you, Very useful in my business and personal life, Recommended this book to everyone Good read, Lots of great info that I plan to use as I set up my business I love this book! And I hate reading.
Within the firstpages, I have already implemented a couple of the “tips” that are taught in this book.
Cant wait to read the rest! Update: May,I was just browsing and came across this book again.
I thought it would be helpful to give an update, My first review was probably October, The advice / method in the book really worked for us and it has helped us so much I thoroughly enjoyed reading the book and expanding my thoughts about building a profitable business.
Yes, it does require you to open up a few bank accounts, which was foreign to me at the time.
Since doing so, I have noticed just how much money the business has now So often the innovative, creative, and gutsy types who start businesses dont always understand and frequently avoid tedious financial reports.
Its tempting to just turn all the number crunching over to someone else, But Mike Michalowicz, author of Profit First, is an 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:

Followingsimple 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 than a large business surviving on its top line.

Businesses that attain early and sustained profitability have a better shot at achievinglong 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.
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