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93 Why You Have to Pay Profits to Yourself First with Mike Michalowicz

The School of Greatness

CHAPTER

Profit First - What Are the Common Pitfalls That Set People Back?

Lewis: What are the common pitfalls that set people back when using this specific system? Is there anything that holds people back or that doesn't work for people? Yeah. The most common is to, we talked about earlier, borrow from themselves. They start reserving money for profit. And they reserve money for taxes, right? So they fall there. Another spot they fall apart is they go too big, too fast. You got to stay, start small and slowly build up.

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