Download Profit First Transform Your Business from a CashEating Monster to a MoneyMaking Machine eBook Mike Michalowicz
Download As PDF : Profit First Transform Your Business from a CashEating Monster to a MoneyMaking Machine eBook Mike Michalowicz
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.
Download Profit First Transform Your Business from a CashEating Monster to a MoneyMaking Machine eBook Mike Michalowicz
"I did not like this book. It was super repetitive saying the same things over and over and over. I could not even finish it. I wish I could return it! Also this book is strictly written for business who do not profit at all. I thought it would be helpful for any business to help have more profit but it's only for business who don't ever make a profit and even then it's a hard read. I then tried listening to the pumpkin plan mentioned in his book and it's completely written for a male audience as if women don't have business. The gross jokes were enough for me to not like this author."
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Profit First Transform Your Business from a CashEating Monster to a MoneyMaking Machine eBook Mike Michalowicz Reviews :
Profit First Transform Your Business from a CashEating Monster to a MoneyMaking Machine eBook Mike Michalowicz Reviews
- I feel like a convert to a new religion after reading this book. I have told everyone I know who owns their own business about it, and here's why
A friend/colleague recommended it to me, and I ordered it on that gateway drug, Prime. It came that night (!), and I devoured it like a T Rex that hadn’t eaten in a year.
It was an easy thing for me to commit to because I already had a separate tax account and knew how that benefitted me. It only made sense that others would be a good idea as well. I travel a lot for my work, and I’ve really struggled with balancing that reimbursement.
I own an educational consulting business, and I've really struggled with handling the ebb and flow of the money. I make 70% of my income in two months out of the year, and that's always been a stress to me.
Friends, the answer is in this book. It took me less than half an hour to set it all up, and it's as smooth as a freshly shaved leg with really good moisturizer on it.
The biggest difference, really, isn't even in the numbers the biggest difference for me is in the weight off of my mind. I KNOW what will happen. I don't have to think about everything all of the time (Where will this go? When should I pay that? Okay, if I they pay that invoice, I can pay for this upcoming travel.. and on and on).
It's no coincidence the name Michael means "like unto God." His ideas have transformed my business - quite literally overnight as I was reading at 3am. Is a finance crush a thing???
This book is for you if you
- run your own business
- have thought about starting a business
- struggle with cashflow
- feel like something is always chasing you in your business
- feel like you're never ahead, you can never breathe
- want a super simple way to end that in manner of Charlie from Charlie's Angels ("But I took them away from all that, and now they work for me...")
Seriously, read the book. Read the book. Do the exercises. Implement the plan. You will have a financial awakening that will be the best thing since, I don't know, something really good.
A must, must read. - I did not like this book. It was super repetitive saying the same things over and over and over. I could not even finish it. I wish I could return it! Also this book is strictly written for business who do not profit at all. I thought it would be helpful for any business to help have more profit but it's only for business who don't ever make a profit and even then it's a hard read. I then tried listening to the pumpkin plan mentioned in his book and it's completely written for a male audience as if women don't have business. The gross jokes were enough for me to not like this author.
- This book is a must read for anyone interested in starting a business or is already a business owner. Heck this book will help you even if you use it for your personal finances. Mike has written a very easy to read, page turner that you will not be able to put down! As a reader of well over 1,000 business books, this one is in my top ten for sure!
I am an accountant, I own my own business and I absolutely love this book! You might be wondering why an accountant would like this book. This book teaches a cash management strategy that runs parallel to using accounting software. Seemingly it is circumventing the system that us accountants love. Well let me tell you why that is plain wrong.
Business Owners For years, us accountants have been trying to teach our clients the business owners to run their business using the data in their accounting software and for years business owners have failed to thrive and simply manage sale to sale and payroll to payroll. I have personally witnessed these same business owners implement the stupidly simple strategy this book teaches and completely change the trajectory of their business and their financial position. Whether you are brand new to business or have been in business for years, if you take action on the system taught in this book, your life will be forever changed!
Accountants Read this book before you make a judgment call on this system. I am sure that you will love every page of it. Mike does a great job of explaining all the human psychology driving the Profit First system. He encourages business owners to continue to use their accounting software and their accountants in conjunction with their Profit First implementation. If you embrace this method, it will bring you more business and more clients. - I've read countless books on how to improve your business How to work harder, how to work smarter, how to work longer and how to be focused. We've all read them, correct? This book is not only different, its a difference maker and the content therein can mean the difference between a failed business and a highly profitable business.
Not only does the author provide an easy-to-use formula - so simple a non-financial person can easily understand it and embrace it - but he does so in an engaging, thoughtful and collegial way. As I was reading it, it was like Mike was speaking directly to me and exactly about my business.
I've never read a book that has had as much impact on myself and my business. I highly recommend Profit First for any business of any size that wants to run more efficiently and starting earning more Profit First today!
