Profit First - Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
by Mike Michalowicz
Profit First - Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
by Mike Michalowicz
Book Summary
In today’s competitive business landscape, many entrepreneurs and business owners struggle with persistent cash flow issues, even when their companies are generating substantial revenue. Mike Michalowicz’s book offers a transformative approach that challenges traditional accounting methods, proposing a simple yet powerful system to ensure profitability from day one. By reversing the conventional formula of sales minus expenses equals profit, the author introduces a mindset and methodology that emphasizes paying oneself first and instilling financial discipline throughout an organization.
- Profit must be prioritized: Businesses should set aside profit before allocating funds to...
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