It's a Good Life S2E266 How to Always Turn a Profit with Mike Michalowicz
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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