Profit First

Resource Information

The work Profit First represents a distinct intellectual or artistic creation found in Sno-Isle Libraries. This resource is a combination of several types including: Work, Audio, Nonmusical, Sounds, Music.

Label

Profit First

Statement of responsibility

Mike Michalowicz

Creator

• Michalowicz, Mike

Contributor

• OverDrive, Inc

Subject

• Nonfiction
• Self-Improvement

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

Form of composition

not applicable

Format of music

not applicable

Literary text for sound recordings

fiction

Transposition and arrangement

not applicable