Profit First

Unlock the secret to sustainable business success with the transformative book, 'Profit First' by Mike Michalowicz. This essential read flips the conventional accounting formula, turning the outdated 'Sales - Expenses = Profit' model on its head. Instead, Michalowicz introduces a groundbreaking approach: 'Sales - Profit = Expenses,' placing profit at the forefront of your financial strategy. Designed for entrepreneurs and business owners, this book empowers you to cultivate a profitable cash flow, ensuring that your business is not just surviving but thriving. The 224-page guide is filled with actionable insights, captivating case studies, and practical steps that simplify accounting and enhance financial clarity. With Michalowicz's witty narrative, you'll discover how four simple principles can reshape your accounting practices into a user-friendly approach that benefits your bottom line. Learn why a small, profitable business can be more valuable than a larger one merely focused on revenue, and understand how early profitability paves the way for long-term growth. This game-changing roadmap to financial success is a must-have for any entrepreneur eager to transform their business from a cash-eating monster to a profit-generating machine. Order now and experience the joy of managing your finances effectively! Enjoy FREE shipping on this valuable business resource, with delivery in up to 10 days. Don't miss out on your chance to profit first!

Condition: BRAND NEW
ISBN: 9780735214149
Format: Paper over boards
Year: 2017
Publisher: Penguin Group USA
Pages: 224


Description:
Conventional accounting uses the logical (albeit, flawed) formula- Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula- Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that-

Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances.
A small, profitable business can be worth much more than a large business surviving on its top line.
Businesses that attain early and sustained profitability have a better shot at achieiving long-term growth.

With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.

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