Profit First

Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
eAudio - unabridged
Audio (8.58 hours)
Product Number: Z100137332
Released: Feb 22, 2018
Business Term: Purchase
ISBN: #9781469036618
Publisher: Gildan Media, Inc
Please log in to view pricing

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 achieiving 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.

x-large
Author(s): Mike Michalowicz
Original Publish Date: Mar 01, 2017

This title is part of (or scheduled to be part of) the following subscriptions:

RBdigital Unlimited Access Audio Subscription - GildanMedia titles
RBdigital Audio Pay Per Circ Subscription - GildanMedia titles

All formats/editions

eBook
x-large
Author(s): Mike Michalowicz
Product Number EB00673908
Released: Jan 18, 2017
Business Term: 2 Year
Publisher: Portfolio
ISBN: #9780735214163

Sign up for our email newsletter