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Profit First : Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz (2017, Hardcover)
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About this product
Product Identifiers
PublisherPenguin Publishing Group
ISBN-10073521414X
ISBN-139780735214149
eBay Product ID (ePID)12038417752
Product Key Features
Book TitleProfit First : Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Number of Pages224 Pages
LanguageEnglish
Publication Year2017
TopicEntrepreneurship, International / Accounting, Small Business
IllustratorYes
GenreBusiness & Economics
AuthorMike Michalowicz
Book SeriesEntrepreneurship Simplified Ser.
FormatHardcover
Dimensions
Item Height0.8 in
Item Weight14 Oz
Item Length9.2 in
Item Width6.2 in
Additional Product Features
Intended AudienceTrade
LCCN2016-040957
ReviewsPraise for Profit First "Quit being a slave to your own business and start making some serious money. Follow Mike''s counter-intuitive advice and put profits first." --VERNE HARNISH, author of Scaling Up " Profit First is a brilliant smack-upside-the-head revelation for entrepreneurs. Most small businesses look pretty good on the outside, yet actually struggle to stay afloat. With fascinating stories and wit, Michalowicz shows how to remove your nose from the grindstone, climb out of the quicksand, and build a business that loves you back." --SALLY HOGSHEAD, author of Fascinate " Profit First may arguably be one of the greatest ''hacks'' of all time. Apply the pay-yourself-first principle to your business and watch the profits roll in." --CHRIS GUILLEBEAU, author of Born for This and The $100 Startup " Profit First is a game-changer. I implemented the system into both of my businesses and increased profits by 21%. If you want to turn a profit and grow your business, you need this book." --MICHAEL PORT, author of Steal the Show " Profit First completely transformed how I handle business banking. I hadn''t even finished the book before immediately putting a four-account distribution system in place for new income: operating expenses, owner expenses, taxes and profit. Mike''s system moved me from break-even to profitable within a month. This book is a must-read for businesses large and small." --JENNY BLAKE, author of Pivot "Twenty-five percent of small businesses have two weeks or less of cash in the bank. Seventy-five percent of businesses have a month or less of cash in the bank. Profit First disciplines show you the roadmap to avoid becoming a statistic. This book has the potential to change the next 20 years of your small business life." --DAWN FOTOPULOS, Associate Professor of Business, The King''s College NYC; author of Accounting for the Numberphobic " Profit First is a revelation. I only wish I knew about this system when I started my first business." --JOHN JANTSCH, author of Duct Tape Marketing and SEO for Growth "Entrepreneurs commonly confuse cash flow with profitability. Profit First makes the process so radically simple that you no longer have an excuse not to be profitable AND have cash flow!" --GREG CRABTREE, author of Simple Numbers, Straight Talk, Big Profits "Not only is Mike one of the most innovative small business authors of our time, his Profit First system--simple to apply and impactful in its results--can be the difference between constantly walking the financial tightrope or being predictably profitable. And a predictably profitable business is not only less stressful and more gratifying, it allows you to focus on what really matters... serving your customers!" --BOB BURG, coauthor of The Go-Giver and The Go-Giver Leader "Why are so few businesses actually profitable for their owners? Profit First turns accepted wisdom on its head and shows the real reason business owners struggle with the bottom line. This book shows you how to take home more money almost immediately." --DORIE CLARK, author of Stand Out "Finance is the top headache of an entrepreneur. Profit First is a must-read to avoid bankruptcy for great business ideas. Clever, easy to implement and absolutely effective (plus you will enjoy reading it)." --SOFIA MACIAS, author of Pequeo Cerdo Capitalista "Entrepreneurs and small business advisors finally have a practical toolkit for increasing profitability! Everyone who touches the small business world should read and apply these game-changing principles." --JOE WOODARD, CEO of Woodard Events and Woodard Consulting "I took the pledge and started implementing the Profit First system after reading Chapter One. By the time I was halfway through the book my business had already turned a profit." --BARRY MOLTZ, author of How to Get Unstuck, Praise for Profit First "Quit being a slave to your own business and start making some serious money. Follow Mike''s counter-intuitive advice and put profits first." --VERNE HARNISH, author of Scaling Up "Profit First is a brilliant smack-upside-the-head revelation for entrepreneurs. Mostsmall businesses look pretty good on the outside, yet actually struggle to stayafloat. With fascinating stories and wit, Michalowicz shows how to remove yournose from the grindstone, climb out of the quicksand, and build a business thatloves you back." --SALLY HOGSHEAD, author of Fascinate "Profit First may arguably be one of the greatest ''hacks'' of all time. Apply the payyourself-first principle to your business and watch the profits roll in." --CHRIS GUILLEBEAU, author of Born for This and The $100 Startup " Profit First is a game-changer. I implemented the system into both of my businesses and increased profits by 21%. If you want to turn a profit and grow your business, you need this book." -- MICHAEL PORT, author of Steal the Show "Profit First completely transformed how I handle business banking. I hadn''t even finished the book before immediately putting a four-account distribution system in place for new income: operating expenses, owner expenses, taxes and profit. As a result, Mike''s system moved me from break-even to profitable within a month. This book is a must-read for businesses large and small." --JENNY BLAKE, author of Pivot "25% of small businesses have 2 weeks or less of cash in the bank. 75% of businesses have a month or less of cash in the bank. Profit First disciplines show you the roadmap to avoid becoming a statistic. This book has the potential to change the next 20 years of your small business life." -- DAWN FOTOPULOS, Associate Professor of Business, The King''s College NYC; author of Accounting for the Numberphobic " Profit First is a revelation. I only wish I knew about this system when I started my first business." -- JOHN JANTSCH, author of Duct Tape Marketing and SEO for Growth "Entrepreneurs commonly confuse cash flow with profitability. Profit First makes the process so radically simple that you no longer have an excuse not to be profitable AND have cash flow!" --GREG CRABTREE, author of Simple Numbers, Straight Talk, Big Profits "Not only is Mike one of the most innovative small business authors of our time, his Profit First system - simple to apply and impactful in its results - can be the difference between constantly walking the financial tightrope or being predictably profitable. And a predictably profitable business is not only less stressful and more gratifying, it allows you to focus on what really matters...serving your customers!" --BOB BURG, coauthor of The Go-Giver and The Go-Giver Leader "Why are so few businesses actually profitable for their owners? Profit First turns accepted wisdom on its head and shows the real reason business owners struggle with the bottom line. This book shows you how to take home more money almost immediately." --DORIE CLARK, author of Stand Out "Finance is the top headache of an entrepreneur. Profit First is a must read to avoid bankruptcy for great business ideas. Clever, easy to implement and absolutely effective (plus you will enjoy reading it)." --SOFIA MACIAS, author of Pequeo Cerdo Capitalista "Entrepreneurs and small business advisors finally have a practical toolkit for increasing profitability! Everyone who touches the small business world should read and apply these game-changing principles." --JOE WOODARD, CEO of Woodard Events and Woodard Consulting "I took the pledge and started implementing the Profit First system after reading Chapter One. By the time I was halfway through the book my business had already turned a profit." --BARRY MOLTZ, author of How to Get Unstuck, Praise for Profit First "Quit being a slave to your own business and start making some serious money. Follow Mike''s counter-intuitive advice and put profits first." --VERNE HARNISH, author of Scaling Up " Profit First is a brilliant smack-upside-the-head revelation for entrepreneurs. Most small businesses look pretty good on the outside, yet actually struggle to stay afloat. With fascinating stories and wit, Michalowicz shows how to remove your nose from the grindstone, climb out of the quicksand, and build a business that loves you back." --SALLY HOGSHEAD, author of Fascinate " Profit First may arguably be one of the greatest ''hacks'' of all time. Apply the pay-yourself-first principle to your business and watch the profits roll in." --CHRIS GUILLEBEAU, author of Born for This and The $100 Startup " Profit First is a game-changer. I implemented the system into both of my businesses and increased profits by 21%. If you want to turn a profit and grow your business, you need this book." --MICHAEL PORT, author of Steal the Show " Profit First completely transformed how I handle business banking. I hadn''t even finished the book before immediately putting a four-account distribution system in place for new income: operating expenses, owner expenses, taxes and profit. Mike''s system moved me from break-even to profitable within a month. This book is a must-read for businesses large and small." --JENNY BLAKE, author of Pivot "Twenty-five percent of small businesses have two weeks or less of cash in the bank. Seventy-five percent of businesses have a month or less of cash in the bank. Profit First disciplines show you the roadmap to avoid becoming a statistic. This book has the potential to change the next 20 years of your small business life." --DAWN FOTOPULOS, Associate Professor of Business, The King''s College NYC; author of Accounting for the Numberphobic " Profit First is a revelation. I only wish I knew about this system when I started my first business." --JOHN JANTSCH, author of Duct Tape Marketing and SEO for Growth "Entrepreneurs commonly confuse cash flow with profitability. Profit First makes the process so radically simple that you no longer have an excuse not to be profitable AND have cash flow!" --GREG CRABTREE, author of Simple Numbers, Straight Talk, Big Profits "Not only is Mike one of the most innovative small business authors of our time, his Profit First system--simple to apply and impactful in its results--can be the difference between constantly walking the financial tightrope or being predictably profitable. And a predictably profitable business is not only less stressful and more gratifying, it allows you to focus on what really matters... serving your customers!" --BOB BURG, coauthor of The Go-Giver and The Go-Giver Leader "Why are so few businesses actually profitable for their owners? Profit First turns accepted wisdom on its head and shows the real reason business owners struggle with the bottom line. This book shows you how to take home more money almost immediately." --DORIE CLARK, author of Stand Out "Finance is the top headache of an entrepreneur. Profit First is a must-read to avoid bankruptcy for great business ideas. Clever, easy to implement and absolutely effective (plus you will enjoy reading it)." --SOFIA MACIAS, author of Pequeo Cerdo Capitalista "Entrepreneurs and small business advisors finally have a practical toolkit for increasing profitability! Everyone who touches the small business world should read and apply these game-changing principles." --JOE WOODARD, CEO of Woodard Events and Woodard Consulting "I took the pledge and started implementing the Profit First system after reading Chapter One. By the time I was halfway through the book my business had already turned a profit." --BARRY MOLTZ, author of How to Get Unstuck, Praise for Profit First "Quit being a slave to your own business and start making some serious money. Follow Mike''s counter-intuitive advice and put profits first." --VERNE HARNISH, author of Scaling Up " Profit First is a brilliant smack-upside-the-head revelation for entrepreneurs. Most small businesses look pretty good on the outside, yet actually struggle to stay afloat. With fascinating stories and wit, Michalowicz shows how to remove your nose from the grindstone, climb out of the quicksand, and build a business that loves you back." --SALLY HOGSHEAD, author of Fascinate " Profit First may arguably be one of the greatest ''hacks'' of all time. Apply the pay-yourself-first principle to your business and watch the profits roll in." --CHRIS GUILLEBEAU, author of Born for This and The $100 Startup " Profit First is a game-changer. I implemented the system into both of my businesses and increased profits by 21%. If you want to turn a profit and grow your business, you need this book." --MICHAEL PORT, author of Steal the Show " Profit First completely transformed how I handle business banking. I hadn''t even finished the book before immediately putting a four-account distribution system in place for new income: operating expenses, owner expenses, taxes and profit. Mike''s system moved me from break-even to profitable within a month. This book is a must-read for businesses large and small." --JENNY BLAKE, author of Pivot "Twenty-five percent of small businesses have two weeks or less of cash in the bank. Seventy-five percent of businesses have a month or less of cash in the bank. Profit First disciplines show you the roadmap to avoid becoming a statistic. This book has the potential to change the next 20 years of your small business life." --DAWN FOTOPULOS, Associate Professor of Business, The King''s College NYC; author of Accounting for the Numberphobic " Profit First is a revelation. I only wish I knew about this system when I started my first business." --JOHN JANTSCH, author of Duct Tape Marketing and SEO for Growth "Entrepreneurs commonly confuse cash flow with profitability. Profit First makes the process so radically simple that you no longer have an excuse not to be profitable AND have cash flow!" --GREG CRABTREE, author of Simple Numbers, Straight Talk, Big Profits "Not only is Mike one of the most innovative small business authors of our time, his Profit First system--simple to apply and impactful in its results--can be the difference between constantly walking the financial tightrope or being predictably profitable. And a predictably profitable business is not only less stressful and more gratifying, it allows you to focus on what really matters... serving your customers!" --BOB BURG, coauthor of The Go-Giver and The Go-Giver Leader "Why are so few businesses actually profitable for their owners? Profit First turns accepted wisdom on its head and shows the real reason business owners struggle with the bottom line. This book shows you how to take home more money almost immediately." --DORIE CLARK, author of Stand Out "Finance is the top headache of an entrepreneur. Profit First is a must-read to avoid bankruptcy for great business ideas. Clever, easy to implement and absolutely effective (plus you will enjoy reading it)." --SOFIA MACIAS, author of Pequeño Cerdo Capitalista "Entrepreneurs and small business advisors finally have a practical toolkit for increasing profitability! Everyone who touches the small business world should read and apply these game-changing principles." --JOE WOODARD, CEO of Woodard Events and Woodard Consulting "I took the pledge and started implementing the Profit First system after reading Chapter One. By the time I was halfway through the book my business had already turned a profit." --BARRY MOLTZ, author of How to Get Unstuck
Dewey Edition23
Dewey Decimal658.15
SynopsisAuthor 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., 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.
LC Classification NumberHG4027.7.M53 2017
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- 06 Dec, 2023
Eye Opening. Great Book
The content is easy to read and understand and oh so true !!!!!Verified purchase: YesCondition: New
- 20 Aug, 2024
This is an excellent book to read and im...
This is an excellent book to read and improve financial literacy The book itself is smaller in size with quite small print thoughVerified purchase: YesCondition: New
- 21 Mar, 2022
Good read
Still reading, but so far so good.. book in great conditionVerified purchase: YesCondition: Pre-owned
- 06 Aug, 2019
Most helpful book I’ve read in awhile
Verified purchase: YesCondition: New
- 26 Dec, 2017
A must be read book
Great book for any entrepreuneur to read. Great information.Verified purchase: YesCondition: New
- 02 Jun, 2020
Great book
Interesting and very informative!Verified purchase: YesCondition: New
- 18 Aug, 2021
Very good book!
Verified purchase: YesCondition: Pre-owned
- 10 May, 2022
Great
A good approach to business financeVerified purchase: YesCondition: Pre-owned
- 24 May, 2020
Profit First
Verified purchase: YesCondition: Pre-owned
- 23 May, 2024
All good thanks
All good thanksVerified purchase: YesCondition: Pre-owned
