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Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by [Mike Michalowicz]
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Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine Kindle Edition

4.7 out of 5 stars 4,060 ratings

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Review

Praise for Profit First

"Quit being a slave to your own business and start making some serious money. Follow Mike's counter-intuitive advice and put profits first."
--VERNE HARNISH, author of Scaling Up

"Profit First is a brilliant smack-upside-the-head revelation for entrepreneurs. Most small businesses look pretty good on the outside, yet actually struggle to stay afloat. With fascinating stories and wit, Michalowicz shows how to remove your nose from the grindstone, climb out of the quicksand, and build a business that loves you back."
--SALLY HOGSHEAD, author of Fascinate

"Profit First may arguably be one of the greatest 'hacks' of all time. Apply the pay-yourself-first principle to your business and watch the profits roll in."
--CHRIS GUILLEBEAU, author of Born for This and The $100 Startup

Profit First is a game-changer. I implemented the system into both of my businesses and increased profits by 21%. If you want to turn a profit and grow your business, you need this book.
--MICHAEL PORT, author of Steal the Show

Profit First completely transformed how I handle business banking. I hadn't even finished the book before immediately putting a four-account distribution system in place for new income: operating expenses, owner expenses, taxes and profit. Mike's system moved me from break-even to profitable within a month. This book is a must-read for businesses large and small.
--JENNY BLAKE, author of Pivot

"Twenty-five percent of small businesses have two weeks or less of cash in the bank. Seventy-five percent of businesses have a month or less of cash in the bank. Profit First disciplines show you the roadmap to avoid becoming a statistic. This book has the potential to change the next 20 years of your small business life."
--DAWN FOTOPULOS, Associate Professor of Business, The King's College NYC; author of Accounting for the Numberphobic

"Profit First is a revelation. I only wish I knew about this system when I started my first business."
--JOHN JANTSCH, author of Duct Tape Marketing and SEO for Growth

"Entrepreneurs commonly confuse cash flow with profitability. Profit First makes the process so radically simple that you no longer have an excuse not to be profitable AND have cash flow!"
--GREG CRABTREE, author of Simple Numbers, Straight Talk, Big Profits

"Not only is Mike one of the most innovative small business authors of our time, his Profit First system--simple to apply and impactful in its results--can be the difference between constantly walking the financial tightrope or being predictably profitable. And a predictably profitable business is not only less stressful and more gratifying, it allows you to focus on what really matters... serving your customers!"
--BOB BURG, coauthor of The Go-Giver and The Go-Giver Leader

Why are so few businesses actually profitable for their owners? Profit First turns accepted wisdom on its head and shows the real reason business owners struggle with the bottom line. This book shows you how to take home more money almost immediately.
--DORIE CLARK, author of Stand Out

"Finance is the top headache of an entrepreneur. Profit First is a must-read to avoid bankruptcy for great business ideas. Clever, easy to implement and absolutely effective (plus you will enjoy reading it)."
--SOFIA MACIAS, author of Pequeño Cerdo Capitalista

"Entrepreneurs and small business advisors finally have a practical toolkit for increasing profitability! Everyone who touches the small business world should read and apply these game-changing principles."
--JOE WOODARD, CEO of Woodard Events and Woodard Consulting

"I took the pledge and started implementing the Profit First system after reading Chapter One. By the time I was halfway through the book my business had already turned a profit."
--BARRY MOLTZ, author of How to Get Unstuck --This text refers to the hardcover edition.

Book 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. --This text refers to the hardcover edition.

Product details

  • ASIN ‏ : ‎ B01HCGYTH4
  • Publisher ‏ : ‎ Portfolio; Reissue edition (18 January 2017)
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 3086 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 222 pages
  • Customer Reviews:
    4.7 out of 5 stars 4,060 ratings

About the author

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By his 35th birthday MIKE MICHALOWICZ (pronounced mi-‘kal-o-wits) had founded and sold two multi-million dollar companies.

Confident that he had the formula to success, he became a small business angel investor… and proceeded to lose his entire fortune. Then he started all over again, driven to find better ways to grow healthy, strong companies. Mike has devoted his life to the research and delivery of innovative, impactful entrepreneurial strategies to you.

Mike is the creator of Profit First, which is used by hundreds of thousands of companies across the globe to drive profit. He is the creator of Clockwork, a powerful method to make any business run on automatic. He is the author of Fix This Next, an instant Wall Street Journal Bestseller, The Pumpkin Plan, Surge and The Toilet Paper Entrepreneur. His newest book, Get Different, teaches entrepreneurs how to creating marketing that can't be ignored.

Today, Mike leads two new multi-million-dollar ventures, as he tests his latest business research for his books. He is a former small business columnist for The Wall Street Journal and business makeover specialist on MSNBC. Mike is a popular main stage keynote speaker on innovative entrepreneurial topics; and is the author of Get Different, Fix This Next, Clockwork, Profit First, Surge, The Pumpkin Plan and The Toilet Paper Entrepreneur.

Fabled author, Simon Sinek deemed Mike Michalowicz “…the top contender for the patron saint of entrepreneurs.”

Mike is also a guest lecturer for collegiate entrepreneurial programs such as Babson, Boston College, Columbia, Copenhagen Business School, Emerson, Harvard, Penn State, Pepperdine and Princeton. His books are in the core curriculum for entrepreneur students at Pepperdine, Carnegie Mellon, Stanford University, and universities across the country. His books have been translated into over 25 languages.

Customer reviews

4.7 out of 5 stars
4.7 out of 5
4,060 global ratings

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Top reviews from Australia

Reviewed in Australia on 8 November 2020
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2 people found this helpful
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Reviewed in Australia on 15 November 2018
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Reviewed in Australia on 7 December 2017
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3 people found this helpful
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Reviewed in Australia on 7 September 2019
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5.0 out of 5 stars "That's it. Just do it."
By Alison Rogers on 7 September 2019
When you read Mike's final words, I trust you will feel exactly as I did - empowered, excited, educated and economically efficient. I bought the e-reader and audio to totally absorb every word, left no stone unturned and am seeing immediate benefits. Trusting the process, I know I have nothing to lose as this book has provided simple systems that capture the good parts of my habits (delighted I have some) and has helped me to identify and guard against the 'bad parts' to bring about positive and permanent change. Possibly psychological but certainly an immediate clarity that I have not experienced in my many years of running my first born business (which is now aka my "co-joined twin"). Thank you Mike, I no longer want to experience entrepreneurial poverty in any aspect of my life. 🙏
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Reviewed in Australia on 18 June 2021
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Reviewed in Australia on 22 February 2017
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4 people found this helpful
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Reviewed in Australia on 8 March 2019
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Reviewed in Australia on 26 July 2018
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Top reviews from other countries

Maxine
5.0 out of 5 stars Taking Pay yourself first to another level!
Reviewed in the United Kingdom on 8 November 2017
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67 people found this helpful
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Vicky Fraser
5.0 out of 5 stars A tough wake-up call for business owners – and a simple system to improve and thrive
Reviewed in the United Kingdom on 18 January 2019
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34 people found this helpful
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the contributor
1.0 out of 5 stars I read the first 5 chapters, then threw the book out
Reviewed in the United Kingdom on 5 September 2020
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14 people found this helpful
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Ntathu Allen
5.0 out of 5 stars Excellent. Mind expanding
Reviewed in the United Kingdom on 23 May 2018
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13 people found this helpful
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I J Sanders
5.0 out of 5 stars The almost stress free way for small businesses to run their finances successfully!
Reviewed in the United Kingdom on 25 July 2018
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12 people found this helpful
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