Profit First

Chances are you'll consider trying Profit First, but you'll tell yourself it's so much
easier to keep doing things the old way, even if the old way is slowly but surely
sinking you and your business. So before we get started, let me tell you about the
 ...

Profit First

Profit First

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.

More Books:

Profit First
Language: en
Pages: 224
Authors: Mike Michalowicz
Categories: Business & Economics
Type: BOOK - Published: 2017-01-18 - Publisher: Penguin

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,
Summary: Profit First
Language: en
Pages: 9
Authors: BusinessNews Publishing
Categories: Business & Economics
Type: BOOK - Published: 2015-07-01 - Publisher: Must Read Summaries

The must-read summary of Michael Michalowicz's book: "Profit First: A Simple System to Transform Any Business from a Cash Eating Monster to a Money-Making Machine". This complete summary of the ideas from Michael Michalowicz's book "Profit First" introduces the Profit First Approach. According to Michalowicz, this approach means prioritising profit,
Insights on Mike Michalowicz's Profit First
Language: en
Pages:
Authors: Swift Reads
Categories: Business & Economics
Type: BOOK - Published: 2020-11-10 - Publisher: Swift Books LLC

Download now to get key insights from this book in 15 minutes. The 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
Profit First for Dentists
Language: en
Pages:
Authors: Barbara Stackhouse, Drew Hinrichs
Categories: Business & Economics
Type: BOOK - Published: 2021-02 - Publisher:

Dentistry is an expensive profession. The cost of doing business continues to rise, yet net income doesn't seem to keep pace, especially from dental PPO benefit plans. Are you feeling the crunch? Wouldn't it be great to never worry about cash flow again? How would it feel to pay your
Profit First
Language: en
Pages:
Authors: Barbara Stackhouse, Drew Hinrichs
Categories: Business enterprises
Type: BOOK - Published: 2018 - Publisher:

In Profit First, the follow-up to the cult classic The Toilet Paper Entrepreneur and the game-changing The Pumpkin Plan, author and entrepreneur Mike Michalowicz details the cash management system that will ensure any business - of any size, in any industry, no matter how much dept it carries or how

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