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Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine Audiobook, by Mike Michalowicz Play Audiobook Sample

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

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine Audiobook, by Mike Michalowicz Play Audiobook Sample
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Read By: Mike Michalowicz Publisher: Penguin Audio Listen Time: at 1.0x Speed 5.17 hours at 1.5x Speed 3.88 hours at 2.0x Speed Release Date: July 2023 Format: Unabridged Audiobook ISBN: 9780593822234

Quick Stats About this Audiobook

Total Audiobook Chapters:

18

Longest Chapter Length:

59:57 minutes

Shortest Chapter Length:

06 seconds

Average Chapter Length:

26:14 minutes

Audiobooks by this Author:

7

Other Audiobooks Written by Mike Michalowicz: > View All...

Publisher Description

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. * This audiobook edition includes exclusive updated commentary by the author.

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