Read Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
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 listeners will learn that Following four simple principles can simplify accounting and make.
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It easier to manage a profitable business by looking at bank account balances A small profitable business can be worth muchthan a large business surviving on its top line Businesses that attain early and sustained profitability have a better shot at achieving long term growth With dozens of case studies practical step by step advice and his signature sense of humor Michalowicz has the game changing road map for any entrepreneur to make money they always dreamed o.
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The author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitabilityConventional 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.