
93 Why You Have to Pay Profits to Yourself First with Mike Michalowicz
The School of Greatness
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.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.