Mike Michalowicz
What’s inside
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.
You’ll Learn
- Understand a new approach to managing business finances
- Learn strategies to increase profitability
- Gain practical advice on reducing expenses
- Improve financial stability in your business
Key Points
- Challenging the Traditional Accounting Formula
- Understanding the Profit First Concept
- Practical Strategies for Increasing Profitability
- Managing Expenses Effectively
- Achieving Financial Stability
- Transforming Business Financials
- Securing a Profitable Future
Who’s it For
- Entrepreneurs
- Business Owners
- Financial Managers
- Business Consultants
About the author
Mike Michalowicz is a successful entrepreneur, speaker, and author. He has founded, grown, and sold two multimillion-dollar companies and written several popular business books. Michalowicz is on a mission to eradicate entrepreneurial poverty.