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Mike Michalowicz: Profit First, Transform Your Business from a Cash-Eating Monster to a Money-Making Machine | Entrepreneurship | E219

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

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The Two Buckets We Should Never Touch

We should never really touch except for quarterly profits and tax. The 90 day thing, there's an interesting phenomena around 90 days. If you took profit once a year, it's so long out, people don't even think about it. But since every 90 days is just around the corner, we keep on pushing toward it. We reward ourselves with profit and we pay our tax bill through the business. All major public corporations do 90 day profit distributions or the majority do.

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