Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
ISBN-13:
9780735214149
ISBN-10:
073521414X
Edition:
Reissue
Author:
Mike Michalowicz
Publication date:
2017
Publisher:
Portfolio
Format:
Hardcover
224 pages
Category:
Unemployment
,
Economics
,
Banks & Banking
,
Bookkeeping
,
Business Skills
,
Accounting
,
International Business
,
Financial
,
Accounting
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Book details
ISBN-13:
9780735214149
ISBN-10:
073521414X
Edition:
Reissue
Author:
Mike Michalowicz
Publication date:
2017
Publisher:
Portfolio
Format:
Hardcover
224 pages
Category:
Unemployment
,
Economics
,
Banks & Banking
,
Bookkeeping
,
Business Skills
,
Accounting
,
International Business
,
Financial
,
Accounting
Summary
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine (ISBN-13: 9780735214149 and ISBN-10: 073521414X), written by authors
Mike Michalowicz, was published by Portfolio in 2017.
With an overall rating of 3.8 stars, it's a notable title among other
Unemployment
(Economics, Banks & Banking, Bookkeeping, Business Skills, Accounting, International Business, Financial, Accounting) books. You can easily purchase or rent Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine (Hardcover, Used) from BooksRun,
along with many other new and used
Unemployment
books
and textbooks.
And, if you're looking to sell your copy, our current buyback offer is $3.03.
Description
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 profitability.
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 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 roadmap for any entrepreneur to make money they always dreamed of.
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 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 roadmap for any entrepreneur to make money they always dreamed of.
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