#216

Mentioned in 63 episodes

Profit First

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

Book • 2017

Mike Michalowicz

In 'Profit First', Mike Michalowicz introduces a behavioral approach to accounting that flips the conventional formula from 'Sales - Expenses = Profit' to 'Sales - Profit = Expenses'.

This system involves taking a predetermined percentage of sales as profit first and then allocating the remainder for expenses.

The book provides practical, step-by-step advice and case studies to help entrepreneurs manage their businesses more effectively, ensuring early and sustained profitability and long-term growth.

Mentioned by

Andrew Wilkinson

Tyler Gillespie

Mentioned in 63 episodes

Mentioned by

Robin Waite

during a discussion about managing business finances.

How To Build A Business In 2023 (The Easy Way) - Robin Waite

Mentioned by

Shaan Puri

, sharing Andrew Wilkinson’s concept of allocating profits before expenses.

How I Bought a $3.4M Business For $200K

Mentioned by

Shaan Puri

and

Sam Parr

in discussion with

Andrew Wilkinson

about business strategies.

Andrew Wilkinson's $20,000 to $260,000,000 story

Mentioned by

Andrew Wilkinson

as a book that promotes a profit-first approach to business management.

Why Is Andrew Wilkinson Monetizing His Twitter Followers?

Mentioned by

Andrew Wilkinson

as a resource for understanding financial success.

How I Built a $180M/Year Business Without Making Myself Miserable

Mentioned by

Jesse Cole

, referencing a chapter on the importance of saving money during tough times.

Building the Savannah Bananas (with Jesse Cole, Founder and Owner)

Mentioned by

Joana Galvao

as another book by the same author of "Run Like Clockwork".

202 - Making a marketing strategy from scratch — with Joana Galvao

Mentioned by

Matt Gartland

as another example of a proven operating system.

SPI 879: Are Online Courses Dead? with Matt Gartland

Mentioned by

Andrew Wilkinson

as a resource for improving financial management.

How Andrew Wilkinson Runs a $180M Company Working 4 Hours a Day

Mentioned by

Jay Clouse

as a book used by hundreds of thousands of companies to drive profit.

#236: Mike Michalowicz – How the author of Profit First stays lean by licensing his ideas

Mentioned by

Jay Clouse

as a book used by many companies, including Creator Science, to drive profit.

#236: Mike Michalowicz – How the author of Profit First stays lean by licensing his ideas [Greatest Hits]

Mentioned by

Tyler Gillespie

as an accounting system that helped him prepare his business for sale.

Built to Sell: Design a Business to Run Without You (Greatest Hits)

Mentioned by

Phil Risher

as a book that helped him structure his business around profit.

7-Figure Consulting Business With 1 Product with Phil Risher

Recommended by

Nick Urbani

as a great book that changed the way he does his personal books and accounting.

The Michael Saylor of ETH!? + Golden Handcuffs & Lifestyle Creep | Ep. 242

Mentioned by

Joshua Sheets

as a book with the concept of paying yourself first.

1100-Investing Into People, Not Money: Patronage Roundtable with Greg Treat

Recommended by

Steve Stewart

as a method for managing money in small businesses by prioritizing profit.

Running Your Podcast As a Business with Steve Stewart

Mentioned when discussing an accountant who wrote a version of Profit First for therapists.

How I Sell Online Courses (With Literally No Audience)

Mentioned by

Brian Luebben

as a book he read before having a business.

This Type Of Debt Is Costing You $1,000,000 / Year (And You Don't Even Know It)

Aanbevolen door

Koen Stam

als hulpmiddel in de beginfase om rekening te houden met belasting.

Financieel Expert: Dit Is Hoe Jij Controle Over Je Geld Krijgt | Maarten Visser - #349

Mentioned by Speaker 0 in the introduction of the podcast episode.

244 - What is Your Cash Strategy? with Lisa Dionisio

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

App store banner

Play store banner