078 Accounting Infamous (feat. Mike Michalowicz)

Episode 78 | Recorded April 18, 2022

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Joining Scott and Jason today, we have Mike Michalowicz. Find out how the man who wanted to be a garbage man when he was young went out to be the man whose mission is to eradicate Entrepreneurial Poverty through his books and other outlets. What is this Profit First Methodology? And how do we begin applying it in our firms/businesses? Tune in so you can get first-hand information from Mike himself as he shares his stories and how he has helped others to be more profitable.

7 - The name game

5 - Why did you pick the accounting vertical for Profit First?

11 - I wanted to be a garbage man when I grow up

17 - I'm just taking ideas that worked in the past, packaging in a slightly new way. But I'm a regular Joe and it worked for me, I hope it serves others

18 -  The Pratfall Effect

20 - A backup job for me would have been a standup comedian

22 - How the Grow My Accounting Practice Podcast came to life

24 - Profit is a discipline. It's not something that's like a flip of the switch, like one night it just magically appears. It's gotta be baked into your business

32 - Mike’s one piece of advice? Schedule a four-week vacation a year or two from today

35 - How do we apply Profit First?

Shoutout to Relay

37 - Buying up other firms

Shoutout to David Emmerman, Michael Ly

46 - “Purpose OR Profit” or “Purpose AND Profit”

Shoutout to Simon Sinek

47 - The philosophy of finding your why is not necessarily just a philosophy, but it's a way of life

Shoutout to James Clear