#213

Mentioned in 67 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 67 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

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

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

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

Todd Toback

as a good but potentially complicated book on managing business finances.

WIP 1476: Why Too Much Planning is Killing Your Business….and How to Fix It

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