Profit First Summary of Key Points

In ‘Profit First’, author Mike Michalowicz challenges the traditional accounting formula of Sales – Expenses = Profit. Instead, he introduces an innovative approach that flips the formula to Sales – Profit = Expenses. This concept encourages businesses to take profit first and only spend what remains on expenses. The book provides practical advice and strategies to help businesses increase profitability and financial stability.

Leadership BS Summary of Key Points

In ‘Leadership BS: Fixing Workplaces and Careers One Truth at a Time,’ Stanford professor Jeffrey Pfeffer debunks the myths surrounding leadership that are propagated by the leadership industry. Pfeffer argues that these myths are not only ineffective but can also be harmful to individuals and organizations. He proposes that embracing a more realistic view of leadership, which acknowledges the power dynamics and self-interest that often drive leaders, can lead to more effective management practices.