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

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine - Hardcover

$29.00
$29.00
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Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
  • Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine - Hardcover

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine - Hardcover

by Mike Michalowicz
$29.00
$29.00

Book Overview

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.
ISBN9780735214149
Author Mike Michalowicz
PublisherPortfolio
GenreBusiness
FormatHardcover
PublishedFebruary 2017
LanguageENG- English
Pages224
Weight1.0 lb
Target AudienceAdults
Print SizeStandard Print

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More by Mike Michalowicz

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

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine - Hardcover

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine - Hardcover

By Mike Michalowicz

About Mike Michalowicz

By his 35th birthday, Mike Michalowicz had founded and sold two multi-million dollar companies... and proceeded to lose his entire fortune. He started all over again, driven to find better ways to grow healthy and strong businesses. Mike has devoted his life to the research and delivery of innovative, impactful entrepreneurial strategies to support the success and sustainability of businesses everywhere. Mike is the creator of Profit First, which revolutionized how companies manage finances for the better. Mike is also the creator of All In, Clockwork, Fix This Next, The Pumpkin Plan, Surge, The Toilet Paper Entrepreneur, Get Different, and My Money Bunnies. Today, Mike leads two new multi-million-dollar ventures as he tests his latest business research for his books. He is an international main-stage keynote speaker, providing tools to help eradicate entrepreneurial poverty.

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