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Profit First

Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Lu par : Mike Michalowicz
Durée : 8 h et 35 min
5 out of 5 stars (3 notations)

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Description

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

Ce que les auditeurs disent de Profit First

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  • Global
    5 out of 5 stars
  • Interprétation
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  • Histoire
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Se Livre est un LIVE CHANGER :-)

Je vous recommande fortement d'investir dans ce livre qui est un LIVE CHANGER. ;-)
Sauf si vous voulez rester un entrepreneur pauvre...

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  • Global
    2 out of 5 stars
  • Interprétation
    1 out of 5 stars
  • Histoire
    3 out of 5 stars
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  • Chris Cruz
  • 01/03/2019

Save time and watch a Youtube video on the system

Too much fluff. This book took a good 2 hours to get into the actual Profit First system. Then when it really gets started he intertwines stories about other people and hypothetical situations about not following the system. I got fed up with the useless stories and fluff and found a youtube video that explained the system to me in 20 mins WITH visual references. The system itself is great but this book could be alot shorter and more to the point.

69 personnes ont trouvé cela utile

  • Global
    5 out of 5 stars
  • Interprétation
    5 out of 5 stars
  • Histoire
    5 out of 5 stars
Image de profile pour Digital Auto Gauges
  • Digital Auto Gauges
  • 29/05/2017

Changed the way I do business accounting

What did you love best about Profit First?

When I first listened to profit first, I really felt as though the author was talking about me. I have struggled over the past ten years as a small business owner and Profit First talked about all the issues that I was having and better yet, Profit First shows you how to remedy issues that plague all small business owners.

Who was your favorite character and why?

N/A

What does Mike Michalowicz bring to the story that you wouldn’t experience if you just read the book?

Mike is a very good narrator. He keeps you entertained and you can tell he is passionate about eradicating entrepreneurial poverty

Was there a moment in the book that particularly moved you?

No one moment. The entire book has changed the way I do my business accounting. I must say, the book is real, the message is real and if you own your own business you really need to read this one!

Any additional comments?

I never do reviews on anything, ever. I had to let other small business owners know about this one. I have never been the accountant type. I am good at what I do and my business shows it. We are up every year for 10 years but I never seem to take any more money home. That has all changed since I listened to Profit First (I also bought the paperback too). I have followed the processes in the book which are very simple and easy to follow and now I take my money first. No matter how much money the business has to pay for expenses we make it work. The book makes so much sense that you may get mad at yourself that you didn't think of this yourself. Do yourself a favor and listen to this one!

33 personnes ont trouvé cela utile

  • Global
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars
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  • Cat Teacher
  • 04/03/2017

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

14 personnes ont trouvé cela utile

  • Global
    5 out of 5 stars
  • Interprétation
    5 out of 5 stars
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    5 out of 5 stars
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  • Joe
  • 19/05/2017

GAME CHANGER

If you could sum up Profit First in three words, what would they be?

GAME CHANGER

Who was your favorite character and why?

Mike

What does Mike Michalowicz bring to the story that you wouldn’t experience if you just read the book?

Mike reads the book in a very conversational way. Super fun to listen too.

If you were to make a film of this book, what would the tag line be?

This book with change your business and change your life!

Any additional comments?

Profit First is a GAME CHANGER! Very practical and it will turn your business around! I am a new business owner and this book may have saved my life!

5 personnes ont trouvé cela utile

  • Global
    1 out of 5 stars
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    1 out of 5 stars
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  • Asia
  • 04/09/2018

Takes forever to get to the point

Listened for 2 hours and 15 minutes before the author gave any applicable info. Stories drag on too long in my opinion. Made it hard to follow.

15 personnes ont trouvé cela utile

  • Global
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars
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  • Mark Johnson
  • 24/04/2017

Truthful and helpful

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

4 personnes ont trouvé cela utile

  • Global
    3 out of 5 stars
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    3 out of 5 stars
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    3 out of 5 stars
Image de profile pour Loves technology when it works
  • Loves technology when it works
  • 31/01/2019

Good advice, but slow

The actionable steps are good. A system worth setting up and trying. There are too many side stories that take away from the book and make it hard to get through.

2 personnes ont trouvé cela utile

  • Global
    5 out of 5 stars
  • Interprétation
    5 out of 5 stars
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    5 out of 5 stars
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  • Amazon Customer
  • 27/05/2017

Profit First

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

5 personnes ont trouvé cela utile

  • Global
    5 out of 5 stars
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  • Anonymous User
  • 24/05/2017

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.

5 personnes ont trouvé cela utile

  • Global
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars
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  • Shaneh Woods
  • 21/02/2017

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.

7 personnes ont trouvé cela utile

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  • Global
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars
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  • SuperMario
  • 15/07/2020

Wish I had read this decades earlier

This is a great book and an amazing idea and approach to entrepreneurial profitability!
While reading the book I already started implementing the rules suggested.
I believe this is exactly what I have been looking for so long and wish I had read this book when I started my very first business.
You won’t regret it!

  • Global
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars
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  • Mike
  • 11/11/2018

Leichte aber machtvolles System für Finanzen

Simple but powerful way to receive financial freedom. Just a few accounts and you use your brain to make profit

  • Global
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars
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  • Miriam
  • 03/08/2018

A must

This great book sure is a must for every Business woman and man mit there!