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

In today’s competitive business landscape, many entrepreneurs and business owners struggle with persistent cash flow issues, even when their companies are generating substantial revenue. Mike Michalowicz’s book offers a transformative approach that challenges traditional accounting methods, proposing a simple yet powerful system to ensure profitability from day one. By reversing the conventional formula of sales minus expenses equals profit, the author introduces a mindset and methodology that emphasizes paying oneself first and instilling financial discipline throughout an organization.

• Profit must be prioritized: Businesses should set aside profit before allocating funds to...

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