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Profit First: A Simple System to Transform Any Business from a Cash-Eating Monster to a Money-Making Machine. Hardcover – July 4, 2014
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Top Customer Reviews
I actually picked up the hardback version first (because I love making notes) and then got turned onto the Audible.com version, which is narrated by and includes extra commentary by the author, Mike Michalowicz. If you've never heard Mike speak, he has tremendous energy and sincerity that meshes quite well with his own brand of humor. It can be useful to follow along while he reads, making notes along the way. I did the same with one of his other books, The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field.
Following Mike for the past three years, I've known about the Profit First system for a while. I implemented a half-arse version of it late last year, surprising with success. Why? Because I (unknowingly) used the concept of 'removing temptation' by keeping my Profit account hidden from my other accounts. I can't lie, I have some bias (and love) for Profit First because it worked. I also befriended Mike over a beer on the rooftop of the CreativeLive San Francisco studio, which in turn led to me being able to preview this book.
Why am I telling you this? Simple. Three months ago I learned the other pieces of the jigsaw puzzle while reading it.Read more ›
When I started my business 5 years ago, I spent A LOT of money on business books about how to be a consultant, how to launch a startup, how to run a green business, how to become your business brand... and most of them are still unread because they're just too much information and overwhelming even to read.
I can honestly say I don't think I bought ANY books on small business accounting or how to be profitable... I just believed the rule of thumb (that may have been true at the time but isn't anymore) - plan on 3-5 years before your startup business is profitable.
So for my accounting, I just did the best I could, and tried to make sure I could pay my bills when business was lean, and was able to spend more when my business was flush, happily tricking myself into believing I was running a "profitable", healthy business, that from the outside looked like it was growing. But I was in denial.Read more ›
Then came The Pumpkin Plan. Just what my business needed after struggling through the worst economy in decades and waking up to realize that the doors were still open and the lights were still on. Through that book I learned the art of nurturing your best customers and releasing the worst. A valuable concept that I certainly should have been able to figure out myself. . .but I didn't. Mike did, and I followed his formula and my business is now much better because of it.
My problem is, I am an entrepreneur. I'm not an accountant, I'm not a banker. I'm an entrepreneur. When I saw Michael come out with his latest book called Profit First I thought. .WHATTTT??? Profit first. How novel! I had another "ahh haa" moment; Why didn't I think of that. Well, once again, after getting a complimentary first 5 chapters, I can say "Don't miss this one!" I think Mike has outdone himself this time. He not only talks about accounting in a language that non-accountant can understand, but he makes me want to give this book to MY accountant and say. . "Learn this!" "Help me make this happen for me!Read more ›
Most Recent Customer Reviews
This system does really work. I also use it on my personal life and saved alot of $$ in the process. Read morePublished 6 days ago by quinn
The book is written more for people who aren't very good with money and have lots of debt or expenses that may shave away from their business' profit. Read morePublished 7 days ago by Nerissa Marbury
I'm not great with spending. This book is like spending insurance. A simple but breakthrough system to make sure you have a profitable business that you own instead of being owned... Read morePublished 10 days ago by Complete Fitness Results
With the help of your book I really have things fine-tuned now. Life is better off of the perpetual kill yourself, get a bonus, kill yourself again sucker because you start at... Read morePublished 12 days ago by Amazon Customer
Great read. Have applied the technique to my business and it works. Stick with the plan and you will have great successPublished 13 days ago by Christine Snyder
This is a "must get" book for anyone running a business or hoping too. A mentor recommended this book to me, I've read it twice and have the audio as well. Read morePublished 14 days ago by Dana
I have been working for years to help my clients understand business finance. This book lays out a system that even I can understand and explain. Read morePublished 17 days ago by Michael C Wright