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

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

Review Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

by MIKE MICHALOWICZ

Description

Profit First made waves in the finance books section as it presents a revolutionary idea about business profit. His famous “Profit-first” system was adopted by hundreds of thousands of companies worldwide. His idea of taking the profit out of the equation in business financial management as a key to be permanently profitable is what the book primarily discusses.

The book emphasizes that businesses that have sustained profitability have a great chance of achieving long-term growth. Michalowicz presents the unconventional idea in business management with the use of case studies, practical insights, and a bit of his humor. This makes the book more interesting to read for entrepreneurs who dream of turning their businesses from cash-eating assets to money-making investments.

About the Author

Co-founder of Profit First Professionals (which is an organization of accountants, bookkeepers, and business coaches who teach the Profit First method), Mike Michalowicz owned and eventually sold two multi-million dollar companies. He was a columnist for the Wall Street Journal and a known speaker at TEDx and many other platforms. 

Table of Contents

The book is divided into several chapters and is presented accordingly:

Introduction

Chapter 1: Your business is an out-of-control cash eating monster

Chapter 2: The Core Principles of Profit First

Chapter 3: Setting Up Profit First for your Business

Chapter 4: Assessing the Health of your Business

Chapter 5: Allocation Percentages

Chapter 6: Putting Profit First into Motion

Chapter 7: Destroy Your Debt

Chapter 8: Find Money within your Business

Chapter 9: Profit First – Advanced Techniques

Chapter 10: The Profit First Life

Chapter 11: How to keep it from Falling Apart

Epilogue

Acknowledgments

Appendix 1: The Profit First Quick Setup Guide

Appendix 2: The Instant Assessment Form

Appendix 3: Glossary of Key Terms

Index