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Profit First : Transform Your Business from a Cash-eating Monster to a Money-maransform Your Business from a Cash-eating Monster to a Money-making Machineking Machine by Mike Michalowicz is a nonfiction available to read on EtoBox.

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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

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Author

Mike Michalowicz

Publisher

Penguin Publishing Group

Published

2017

Language

EN

ISBN

9780735214163

Category

nonfiction

Subjects

Business, Management, Finance

Rating

4 / 5 (1 ratings)

Updated

2026-03-24