Profit First Book Reviews

AUTHOR
Mike Michalowicz
SCORE
4.5
TOTAL RATINGS
317

Profit First by Mike Michalowicz Book Summary

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.

👋 Do you love Profit First books? Please share your friends!

share facebook whatsapp twitter pinterest telegram email
Book Name Profit First
Genre Small Business & Entrepreneurship
Published
Language English
E-Book Size 2.98 MB

Profit First (Mike Michalowicz) Book Reviews 2024

💸 Want to send money abroad for free?

We transfer money over €4 billion every month. We enable individual and business accounts to save 4 million Euros on bank transfer fees. Want to send free money abroad or transfer money abroad for free? Free international money transfer!

Smart, actionable info. I couldn’t put this book down! I am not a money / numbers person, but this book got me so pumped to immediately start putting these ideas in action. This is a must read for anyone who has a business or wants to start one.

Great read!. Wish I would have had this 18 years ago when I started!

Fantastic Read and has helped my business. Finally, I feel in control of my business and our financial situation. I’ve got to dig my way out of business debt but with this system in place I know we can do it. I only wish I would’ve read this book sooner. I now recommend this book to every person I know that is either currently in business or looking to start a business no matter the size. Finally, I’m helping pay my family’s bills and working on growing business too.

For every business owner- new or 20 years in!. This is probably the first business related book I’ve thoroughly enjoyed. The themes make perfect sense to me and are delivered in a way that is easy to understand and execute. I have been employing the principles for a month now and already see a huge difference in the financial aspect of my business.

LOVE it!. I have had this book on my to-read list for months. I finally started it and can’t get enough of it. I bought the audio version after hiring Mike on a podcast. Not only is it so much faster to get through, it’s easier to understand and Mike is very animated which makes it fun. I have implemented everything step by step that Mike instructs and feel as if I finally have someone on my side to help me with my business finances with the goal to grow it in the future. I am now able to understand how to be disciplined and manage the income I have, so that I can do bigger and better things with the income to come. Although the book talks a lot to the small companies makes $25 million and under, I have a VERY small business (under $50k) and the principles still apply. I wish more people knew about this way of doing things, because I am surrounded by entrepreneurs just like me who say “I’m hoping to increase my sales, because right now my business takes everything and I have pennies to live on.” This books transforms that way of thinking and helps you understand that it’s not the dollar amount coming in, it’s the what you do with those dollars. Thank you for this book Mike!

Game Changer!. I am a chiropractor and actually just started my practice. I believe that this book has arrived at the perfect time!!! MUST READ!!!

MUST READ. This is by far my favorite business book thus far. I read at least a book a week, and purely nonfiction, business, or development. Profit first has made a huge impact on my business life so far & I am so so so thankful that I found this gem. I am more confident & excited about my businesses future & no longer dreading and worrying about things to come. Living day by day & stressing. Thank you SO much for this book! I can not recommend it enough.

Great Book. Nice Read !

Game Changer. I came across mike michalowicz through Dave Ramsey solutions during our 17th year of business. If you take the time to read the book and apply the principles it will recharge you and your business! I always keep a spare copy of this book in my purse to gift to people I come across who are stressed or struggling with their business. I should also note that I didn’t think we were struggling in our business. I just had no idea how much better it could be!

Amazing. Must read 8 grade and above

Best book for understanding your business. In less than a week I have learned and implemented strategies to become profitable in my business for the first time! Can’t wait to see the results a year down the road!

Must read. Great book and greater system. Did this with a side hustle in 2021 and had tax $ set aside at the end of the year and was profitable as well. Really opens your friends and coworkers eyes when you mention it to them.

Shake it Up w/ Profit First. I have been strategizing my business to push #ProfitFirst through my intentional budgeting plan. I can’t believe 2019 will be my official success celebration in completing this goal!

💰 A universe of opportunities: Payoneer

Did you know that you can earn 25 USD from our site just by registering? Get $25 for free by joining Payoneer!

Profit First by Mike Michalowicz. I have just finished reading this book and can honestly state, hands down ....it is the most amazing and impactful book I have ever read! Looking forward to a bright, bright profitable future, at last! Thank you sincerely Mike!

Loved this!. Such practical and simple processes to put in place. I have only just started but I’m ready to reap the rewards!

Great book. Over ten years I struggle to make profits from small mobile phone business due to not paying myself first. I was paying everyone except me. For just short few weeks I am taking profit and feels great and energised. Much appreciated for the author (Mike) for his advice and guidance.

Life-Changing. This book shed a new light on how to actually create profit within my business. Mike does an excellent job making topics digestible and easy to understand for anyone starting/currently in a business. A***

🧠 Join the movement! Experience the world's No.1 brain supplement

Imagine you at your best. All the time. Picture yourself at your sharpest and most productive. Your most alert and focused. Your most lucid, creative and confident. At work. At play. In every area of your life. Add Mind Lab Pro® v4.0 to your daily routine and uncap your true potential. Buy Now!

Nitty gritty business planning. A must read. Highly recommend

Reality!!!. I started reading this book as I have been looking for ways to make my business profitable not just check to check. Well two chapters in and you know that feeling in your stomach you get when realization dawns and you want to vomit or dry wretch that was me. Reality had hit me square in the face with this book. I knew it deep down but reality is always harder to face than fiction. I’m no where near a profitable level I am currently caught in the trap of more business more growth, hell I’ve just started but now I have a game plan a way to move forward no more dry wrenching at the mere though of looking at my bank balance thank you Mark

👉 Are you looking for an Adsense alternative advertising platform?

Adsterra is the most preferred ad network for those looking for an alternative to AdSense. Adsterra is the ideal choice for new sites with low daily traffic. In order to advertise on the site in Adsterra, like other ad networks, a certain traffic limit, domain age, etc. is required. There are no strict rules. Sign up!

Please wait! Profit First book comments loading...

Mike Michalowicz - Profit First Discussions & Comments

Have you read this book yet? What do you think about Profit First by Mike Michalowicz book? Ask the bookpedia.co community a question about Profit First!

Profit First E-book (PDF, PUB, KINDLE) Download

Profit First ebook profit-first (2.98 MB) download new links will be update!

Profit First Similar Books

Enhance sleep, vision, cognition, flexibility, energy, long-range health and more. Performance Lab CORE Formulas support all aspects of human performance, across all walks of life. Boosts work performance and productivity with nootropics for focus, multitasking under stress, creative problem-solving and more.

Other Books from Mike Michalowicz
Book Name Score Reviews Price
El sistema Clockwork 0/5 0 $7.99
All In 0/5 0 $15.99
The Pumpkin Plan 4/5 68 $11.99
Fix This Next 4.5/5 6 $12.99
Get Different 0/5 0 $13.99

Summary of Profit First by Mike Michalowicz

The Profit First book written by Mike Michalowicz was published on 18 January 2017, Wednesday in the Small Business & Entrepreneurship category. A total of 317 readers of the book gave the book 4.5 points out of 5.

Free Small Business & Entrepreneurship Books
Book Name Author Price
Only Amazon FBA Book You Will Ever Need Vlad Grechukha Free
How to Start a Commercial Kitchen Business Maxwell Rotheray Free
The Myth of the Garage Dan Heath & Chip Heath Free
51 Freelance Ideas Brian Kelly Free
Progress in Entrepreneurship Education and Training Joern H. Block, Jantje Halberstadt, Nils Högsdal, Andreas Kuckertz & Helle Neergaard Free

Coinbase is the world's most trusted place to buy and sell cryptocurrency. Open an account today, and if you buy or sell $100 or more of crypto, you'll receive $10 worth of free Bitcoin!

Paid Small Business & Entrepreneurship Books
Book Name Author Price
The Business Solution to Poverty Paul Polak & Mal Warwick $14.99
Starting an Etsy Business For Dummies Kate Shoup & Kate Gatski $15.99
Venture Deals Brad Feld & Jason Mendelson $31.99
Choose Your Enemies Wisely Patrick Bet-David & Greg Dinkin $15.99
Become A Successful Residential Subdivision Developer Kevin J. Kenny $12.99

Jasper is the generative AI platform for business that helps your team create content tailored for your brand 10X faster, wherever you work online.