Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

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9780735214149
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    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.

    The book, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine [Bulk, Wholesale, Quantity] ISBN# 9780735214149 in Hardcover by Mike Michalowicz may be ordered in bulk quantities. Minimum starts at 25 copies. Availability based on publisher status and quantity being ordered.
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    Additional Information

    Publisher:
    Portfolio
    Product Name:
    Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
    Author:
    Mike Michalowicz
    Language:
    English
    Format:
    Hardcover
    Publication Date:
    02/21/2017 00:00
    ISBN:
    073521414X
    Pages:
    224
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    1 Review

    • 5
      Kelsey Ayres

      Posted by Kelsey Ayres on Sep 17th 2019

      I love working with BookPal! I've frequently ordered books, often with special requests and the customer service team has been exceptionally helpful and responsive.

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