Profit First

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

Author: Mike Michalowicz

Publisher: Penguin

ISBN: 0735214166

Category: Business & Economics

Page: 224

View: 5611


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, readers will learn that: · Following 4 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 roadmap for any entrepreneur to make money they always dreamed of.

Profit First for Ecommerce Sellers

Transform Your Ecommerce Business from a Cash-Eating Monster to a Money-Making Machine

Author: Cyndi Thomason

Publisher: N.A

ISBN: 9780960028313


Page: 160

View: 5056


There are four critical areas that today's ecommerce sellers struggle with in growing their businesses - managing inventory relying on debt; understanding their financial data; and maintaining focus. Cyndi Thomason has taken the core concepts of the Profit First methodology created by Mike Michalowicz and customized them to ecommerce.

Lifestyle Builders

Build Your Business, Quit Your Job, And Live Your Ideal Lifestyle

Author: Tom Sylvester,Ariana Sylvester

Publisher: Morgan James Publishing

ISBN: 1642793817

Category: Business & Economics

Page: N.A

View: 5129


Lifestyle Builders incorporates the often-missed aspect of entrepreneur books: how to prepare your personal life for entrepreneurship. Most people have two lives: the one that they are living and the one that they want to live. Today, there is more opportunity than ever for anyone to create their ideal life through entrepreneurship. After overcoming the obstacles of building three businesses with one spouse still in a 9-5 job and working together as a married couple while raising two young kids, Tom and Ariana Sylvester have cracked the code and developed a framework on how to successfully do business and life—together. Tom and Ariana guide current and aspiring entrepreneurs through the major aspects of making it happen with a simple step-by-step process, including getting clear on what the ideal life looks like, mapping out personal and business financials, and teaching readers how to organize and run their business to support their ideal lifestyle. Lifestyle Builders shows those seeking the entrepreneurial lifestyle how to unlock the “secrets” to making the ideal life a reality, even those who are busy and seriously lacking time and money.

The New Consultant's Quick Start Guide

An Action Plan for Your First Year in Business

Author: Elaine Biech

Publisher: John Wiley & Sons

ISBN: 1119556953

Category: Business & Economics

Page: 288

View: 1862


An action plan for working as a consultant Management consulting is a $250 billion industry and growing at a rate of over four percent annually. Many predict that more than 40 percent of the U.S. workforce will soon be contingent, freelance, or consulting members of the workforce—making this book more relevant than ever. Individuals become independent consultants out of necessity or preference: necessity because they lost their job or the company offered an attractive exit package; preference because they want a career change, more control over their time, or an enriched, varied work situation. Consulting also appeals to the Millennial workforce who are searching for careers that offer a good salary as well as meaningful work. The New Consultant’s Quick Start Guide: • Serves as a companion to The New Business of Consulting • Provides you with a place to plan your transition into consulting • Helps you identify your niche, develop a business plan, charge what you’re worth, and create a marketing strategy to ensure a steady stream of clients • Prepares you for changes you will encounter beyond your professional life, including social, family, and financial aspects The New Consultant’s Quick Start Guide helps you work through the challenges of consulting such as working alone, deciding on necessary insurance coverage, finding your first clients, struggling with cash flow, and understanding market trends.

Summary: Profit First

Review and Analysis of Michalowicz's Book

Author: BusinessNews Publishing

Publisher: Must Read Summaries

ISBN: 2511035901

Category: Business & Economics

Page: 9

View: 5509


The must-read summary of Michael Michalowicz's book: "Profit First: A Simple System to Transform Any Business from a Cash Eating Monster to a Money-Making Machine". This complete summary of the ideas from Michael Michalowicz's book "Profit First" introduces the Profit First Approach. According to Michalowicz, this approach means prioritising profit, instead of leaving it as an afterthought. By following this approach, you can secure your profits and run your business on the remaining cash. There are four steps to install the Profit First Approach: 1. Draw a line in the sand 2. Set up your Profit First system 3. Use Profit First to destroy debt and optimise your business 4. Integrate some advanced techniques into your Profit First system Added-value of this summary: • Save time • Prioritise your company’s profits • Make your company permanently profitable To learn more, read “Profit First” and get your business profit-ready!

Crime Extra

300 Years of Crime in North America

Author: Eric C. Caren

Publisher: Booksales

ISBN: 9780785812722

Category: True Crime

Page: 276

View: 2183


"Experience the chilling history of crime first-hand through the newspapers of the day. Witches, pirates, outlaws, gangsters, serial killers and all other manner of criminals share the spotlight as crime, in all its infamy, is exposed."--