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Profit First Audiobook

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

Regular Price:£20.39
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Publisher's Summary

The 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, listeners will learn that:

  • Following four 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 road map for any entrepreneur to make money they always dreamed of.

©2014, 2017 Mike Michalowitz (P)2017 Gildan Media LLC

What Members Say

Average Customer Rating

4.7 (14 )
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4.7 (14 )
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4.8 (14 )
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Performance
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  •  
    Amazon Customer 18/10/2017 Member Since 2017
    RATINGS
    REVIEWS
    3
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    "Game changer"

    What an amazing book! Why isn't this taught in schools/universities etc as the new GAP. Great job Mike. Will be sharing this with my full network

    0 of 0 people found this review helpful
  •  
    TLJ 04/07/2017
    TLJ 04/07/2017
    HELPFUL VOTES
    4
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    10
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    "I listened to this on 1.5 speed, not enough hours in the day!!"

    Just finished this book after listening to it at every opportunity at 1.5 speed! Just absolutely brilliant so inspirational and yet so doable and real. Practical tips and best of all pitfalls with explanations as to why humans do or don't do what's advised. The best book I've read in years!

    0 of 0 people found this review helpful
  •  
    JedHoll 27/06/2017
    JedHoll 27/06/2017 Member Since 2017
    HELPFUL VOTES
    33
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    73
    62
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    5
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    "Interesting concepts"

    Reverse engineer your profit. Definitely worth a listen and some genuine 'outside the box' thinking

    0 of 0 people found this review helpful
  •  
    Amathea 30/05/2017
    Amathea 30/05/2017 Member Since 2017
    RATINGS
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    3
    3
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    "Absolutely brilliant concept!"

    Brilliant concept. Also put through in a very funny way. Loved it and will listen again!

    0 of 0 people found this review helpful
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  • Shaneh Woods
    Xenia, OH
    21/02/17
    Overall
    Performance
    Story
    "Update Version put Profit First on STEROIDS!"
    What did you love best about Profit First?

    It's a real system that I can use to transform my life and my business!


    What was one of the most memorable moments of Profit First?

    Mike had me in tears when he shared his piggy bank moment with his daughter


    What about Mike Michalowicz’s performance did you like?

    He's hysterically funny guy and he made a rather boring subject (money and the accounting of said pennies) entertaining.


    4 of 4 people found this review helpful
  • Amazon Customer
    27/05/17
    Overall
    Performance
    Story
    "Profit First"

    This book provides some good fundamental strategies to help small businesses manage money by transferring it to small accounts.

    2 of 2 people found this review helpful
  • Anonymous
    24/05/17
    Overall
    Performance
    Story
    "Gotta listen to change your life"

    For 20 years I struggled from paycheck to paycheck. July 1st I will get my first profit check. Do what Mike says and you will win.

    2 of 2 people found this review helpful
  • Mark Johnson
    24/04/17
    Overall
    Performance
    Story
    "Truthful and helpful"

    This book is very important. We need more entrepreneurs to read this and learn these business principles.

    2 of 2 people found this review helpful
  • BBH
    US/AFG
    12/04/17
    Overall
    Performance
    Story
    "R E A D T H I S B O O K ! !"

    If you're in business it's simple, you need this book and teachings of Profit First. We just adopted this two daya ago and are all in starting small but will be working progressively towards our goals (TAP's - PS: you'll know what that means when your read the book)...

    Must read! This is the future of business. A friend of mine recommended this book to me three days ago and believe me I'll be reading it again just because it's that good.

    2 of 2 people found this review helpful
  • Cat Teacher
    04/03/17
    Overall
    Performance
    Story
    "Best business book I've ever read"

    I have been using the Profit First system for almost a year. Things aren't perfect by any means, but I am seeing that my business is getting healthier, little by little. I sometimes listen to this book just to get a lift from Mike's infectious enthusiasm. And I love the Profit First accountant Mike hooked me up with. Thanks, Mike, for figuring this all out. I am grateful.

    By the way, I use Smarty Pig for all the separate accounts. It works well for me--but I do know it's more accessible and therefore more dangerous! I am so tired of being broke, however, that it's really not tempting to steal my own money.

    Perfer et obdura, dolar hic tibi proderit olim.
    Persist and endure; one day, this pain will be useful to you. --Ovid

    3 of 3 people found this review helpful
  • Joshua Flowers
    14/06/17
    Overall
    Performance
    Story
    "Good, basic financial advice"

    Good advice, and a good system. The writing was sometimes a bit too cheesy, sometimes a bit basic and perhaps a bit too focused on beginners or people drowning in debt.

    Very good at pointing out that you just need to reduce your expenses, in a radical way to make more profit + gaming yourself with basic psychology to avoid spending money that should be 'off limits'.

    1 of 2 people found this review helpful
  • Roselee
    11/06/17
    Overall
    Performance
    Story
    "Keeping it real!"

    The author gives an honest picture of an entrepreneur's life and challenges, and how to overcome them with this detailed system, including keeping people accountable. Delivered in an entertaining way to keep you engaged. Great concept.

    1 of 1 people found this review helpful
  • Anonymous
    09/06/17
    Overall
    Performance
    Story
    "This was an awesome book!"

    I am a bookkeeper and I found this book gave great practical advice that I will be applying in business and in my personal life.

    1 of 1 people found this review helpful
  • Anonymous
    03/06/17
    Overall
    Performance
    Story
    "Amazing"

    That was awesome. I am already growing. I recommend this to any struggling entrepreneur or anybody that wants a little bit more

    1 of 1 people found this review helpful

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