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  • Summary of Mike Michalowicz's Profit First

  • By: IDB Books
  • Narrated by: Will Morrow
  • Length: 28 mins
  • 3.0 out of 5 stars (1 rating)

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Summary of Mike Michalowicz's Profit First

By: IDB Books
Narrated by: Will Morrow
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Summary

Buy now to get the insights from Mike Michalowicz's Profit First.

Sample insights:

1) Profit First is a foolproof system for profitability for businesses in any phase. Businesses with no profit are in constant danger of going out of business. This book teaches you how to manage your financials to avoid bankruptcy and continue growing your business.

2) In the traditional system (sales minus expenses equals profit), you have to sell a lot to make money. It’s like flapping your arms to fly. So, you work hard to just sell more stuff. But it doesn’t work as you are not paying attention to your bottom line, the profit!
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Profile Image for MR D Shukla

setting up separate accounts was an amazing idea

I'm going definitely look at setting this up. and increasing efficiency per person is also powerful

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