Profit First
Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Ranked #9 in Accounting, Ranked #11 in Corporate Finance — see more rankings.
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... more
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... more
Reviews and Recommendations
We've comprehensively compiled reviews of Profit First from the world's leading experts.
Jacqui Pretty The most recent business book I found that had a transformative impact on my business is Profit First by Mike Michalowicz, which completely changed the way we manage our finances at Grammar Factory. (Source)
Bill Widmer I also recommend Profit First by Mike Michalowicz to learn how to put profit first in your business. (Source)
Rankings by Category
Profit First is ranked in the following categories:
- #30 in Blogging
- #23 in International Business
- #58 in Money
- #68 in Real Estate
- #39 in Small Business
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