Profit First

Ebook Profit First – Mike Michalowicz

Summary:

This book presents a cash management system prioritizing profit over revenue. It suggests dividing income into various accounts for profit, owner’s pay, taxes, and operating expenses. By allocating money for profit first, the system forces businesses to operate within their means, fostering financial stability and growth. The book emphasizes the importance of discipline, accountability, and periodically adjusting allocations. With practical insights and actionable steps, it aims to help entrepreneurs achieve lasting profitability and business success.

Pages: 104