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The Resource Profit First, Mike Michalowicz, (electronic resource)

Profit First, Mike Michalowicz, (electronic resource)

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Contributor
Summary
Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expense = 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, listeners 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 the money they always dreamed of
Language
eng
Work
Instance
Label
Profit First
Title
Profit First
Statement of responsibility
Mike Michalowicz
Creator
Contributor
Subject
Language
eng
Summary
Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expense = 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, listeners 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 the money they always dreamed of
Accompanying matter
technical information on music
http://library.link/vocab/creatorName
Michalowicz, Mike
Form of composition
not applicable
Format of music
not applicable
Literary text for sound recordings
fiction
http://library.link/vocab/relatedWorkOrContributorName
OverDrive, Inc
http://library.link/vocab/subjectName
  • Self-Improvement
  • Nonfiction
Transposition and arrangement
not applicable
Label
Profit First, Mike Michalowicz, (electronic resource)
Link
Instantiates
Publication
Capture and storage technique
digital storage
Color
not applicable
Configuration of playback channels
stereophonic
Dimensions
  • not applicable
  • unknown
Form of item
online
Groove width / pitch
not applicable
Isbn
9781469036618
Sound
sound
Special playback characteristics
digital recording
Specific material designation
  • other
  • remote
Speed
unknown
Stock number
1770DB31-B5A7-47C1-ABC3-DC72F5323BBB
System details
  • OverDrive MP3 Audiobook
  • OverDrive Listen
Tape configuration
not applicable
Tape width
not applicable
Label
Profit First, Mike Michalowicz, (electronic resource)
Link
Publication
Capture and storage technique
digital storage
Color
not applicable
Configuration of playback channels
stereophonic
Dimensions
  • not applicable
  • unknown
Form of item
online
Groove width / pitch
not applicable
Isbn
9781469036618
Sound
sound
Special playback characteristics
digital recording
Specific material designation
  • other
  • remote
Speed
unknown
Stock number
1770DB31-B5A7-47C1-ABC3-DC72F5323BBB
System details
  • OverDrive MP3 Audiobook
  • OverDrive Listen
Tape configuration
not applicable
Tape width
not applicable

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