It's a Good Life cover image

It's a Good Life

S2E266 How to Always Turn a Profit with Mike Michalowicz

Feb 4, 2025
31:34

Mike Michalowicz’s Profit First system is used by companies worldwide to drive permanent profit. In this episode, he shares how this strategy can transform your business from a cash eating monster to a money making machine.  

 

YOU WILL LEARN:

·      The limitations of traditional accounting formula.

·      The advantages of the Profit First system.   

·      Practical advice for implementing Profit First in businesses of all sizes.

 

MENTIONED IN THIS EPISODE:

 

“Profit First,” by Mike Michalowicz

 

“The E Myth Revisited,” by Michael E. Gerber

 

“The Richest Man in Babylon,” by George S. Clason


“How to Stop Worrying and Start Living,” by Dale Carnegie

 

NOTEWORTHY QUOTES FROM THIS EPISODE:

 

“It is a responsibility to be profitable.” – Mike Michalowicz

 

“The ultimate greed is when you're not profitable, because what you're saying is you're willing to forego serving your customers.” – Mike Michalowicz

 

“You should be proud to be profitable.” – Mike Michalowicz

 

“Find the right size business for you.” – Mike Michalowicz


“Trust wallets over words.” – Mike Michalowicz


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