16 min listen
Key insights from Mike Michalowicz's
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Key insights from Mike Michalowicz's
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
ratings:
Length:
10 minutes
Also available as...
Learn how to make your business profitable from day one.
Don’t get caught up in the trap of believing that you’ll see results from your business if you just work harder and longer. In “Profit First,” entrepreneur Mike Michalowicz explains how to assess the financial health of your business and start managing it better. In this Snapshot, you’ll learn the simple steps you can take to start making a profit today.
Read this Snapshot if you:
- Want more financial freedom in your personal life
- Never have enough money left over to pay yourself a salary
- Work long and hard at your business without seeing a profit
Snapshot Preview
Introduction
A failure to generate profits is one of the main reasons businesses fail. If you’re putting in the work and still not seeing results, you might start to wonder if you’re the problem. The good news is that, in most cases, you’re not; instead, the issue often lies with the system you’re using.
If the old profit formula “Sales - Expenses = Profit” isn’t working for you, there’s a simple solution: Take your profit first. This sounds strange and requires you to change your business mindset, but it’ll stop you from doing things that aren’t working and start making your business...
Related Snapshots
Key insights from Al Ries'The 22 Immutable Laws of Marketing