#552
Mentioned in 57 episodes

Profit First

Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Book • 2017
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

Mentioned in 57 episodes

Mentioned by Robin Waite during a discussion about managing business finances.
1,927 snips
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.
1,127 snips
How I Bought a $3.4M Business For $200K
Mentioned by Andrew Wilkinson as a book that promotes a profit-first approach to business management.
418 snips
Why Is Andrew Wilkinson Monetizing His Twitter Followers?
Mentioned by Jesse Cole , referencing a chapter on the importance of saving money during tough times.
221 snips
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".
123 snips
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.
90 snips
#236: Mike Michalowicz – How the author of Profit First stays lean by licensing his ideas
Mentioned by Matt Gartland as another example of a proven operating system.
61 snips
SPI 879: Are Online Courses Dead? with Matt Gartland
Mentioned by Jay Clouse as a book used by many companies, including Creator Science, to drive profit.
55 snips
#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.
38 snips
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.
34 snips
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.
32 snips
The Michael Saylor of ETH!? + Golden Handcuffs & Lifestyle Creep | Ep. 242
Mentioned by Speaker 0 in the introduction of the podcast episode.
18 snips
244 - What is Your Cash Strategy? with Lisa Dionisio
Mentioned by Chelsea Williams as a book that helped her validate her personal finance system.
17 snips
The Cash Flow Fix No One Told You About (Until Now) with Chelsea Williams
Mencionado por Luis Ramos como un libro que cambia el enfoque de la contabilidad, priorizando las ganancias.
17 snips
#089 La Ganancia Es Primero - Un Resumen de Libros para Emprendedores
Recommended by Jacques Hopkins for its simple yet powerful system on managing business finances.
17 snips
239: The ONE Book That Changed Everything For Me

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