Michalowicz, Mike
Profit First
- ISBN 13:
- 9780735214149
- author:
- Michalowicz, Mike
- format:
- Hardback (21 Feb 2017)
- publisher:
- Penguin Publishing Group
- language:
- English
- Publication Year:
- 2017
- Pages:
- 224
- Dimensions:
- 22.86 x 15.24 x 1.42 centimetres
- Genre:
- Finance Textbook
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Transform Your Business from a Cash-Eating Monster to a Profitable Cash Cow Mike Michalowicz, a serial entrepreneur, offers a simple and counterintuitive cash management solution to help small businesses break out of the doom spiral and achieve instant profitability. Conventional accounting uses the formula: Sales - Expenses = Profit, but businesses are run by humans, who aren't always logical. Michalowicz has developed a behavioral approach to accounting that flips the formula: Sales - Profit = Expenses. By taking profit first and apportioning only what remains for expenses, entrepreneurs can transform their businesses. Michalowicz's Profit First system provides a straightforward way to manage a profitable business by looking at bank account balances. The book includes dozens of case studies, practical step-by-step advice, and a signature sense of humor, making it a valuable resource for any entrepreneur looking to make money.
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