Profit First
Profit First offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability. This book 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. With dozens of case studies and practical, step-by-step advice, Profit First is the game-changing roadmap for any entrepreneur to make money they always dreamed of.
Praise for Profit First
“Twenty-five percent of small businesses have two weeks or less of cash in the bank. Seventy-five percent of business">small es have a month or less of cash in the bank. Profit First disciplines show you the roadmap to avoid becoming a statistic. This book has the potential to change the next 20 years of your small business life.”
— Dawn Fotopulos, Associate Professor of Business, The King’s College NYC
“Entrepreneurs and small business advisors finally have a practical toolkit for increasing profitability! Everyone who touches the small business world should read and apply these game-changing principles.”
— Joe Woodard, CEO of Woodard Events and Woodard Consulting
“Quit being a slave to your own business and start making some serious money. Follow Mike’s counter-intuitive advice and put profits first.”
— Verne Harnish, author of Scaling Up
“Profit First is a brilliant smack-upside-the-head revelation for entrepreneurs. Most small businesses look pretty good on the outside, yet actually struggle to stay afloat. With fascinating stories and wit, Michalowicz shows how to remove your nose from the grindstone, climb out of the quicksand, and build a business">small that loves you back.”
— Sally Hogshead, author of Fascinate
“Profit First may arguably be one of the greatest ‘hacks’ of all time. Apply the pay-yourself-first principle to your business and watch the profits roll in.”
— Chris Guillebeau, author of Born for This and The $100 Startup
"Profit First is a game-changer. I implemented the system into both of my businesses and increased profits by 21%. If you want to turn a profit and grow your businesses and i, you need this book."
— Michael Port, author of Steal the Show
"Profit First completely transformed how I handle business banking. I hadn't even finished the book before immediately putting a four-account distribution system in place for new income: operating expenses, owner expenses, taxes and profit. Mike's system moved me from break-even to profitable within a month. This book is a must-read for business s large and small."
— Jenny Blake, author of Pivot
“Profit First is a revelation. I only wish I knew about this system when I started my first business.”
— John Jantsch, author of Duct Tape Marketing and SEO for Growth
“Entrepreneurs commonly confuse cash flow with profitability. Profit First makes the process so radically simple that you no longer have an excuse not to be profitable AND have cash flow!”
— Greg Crabtree, author of Simple Numbers, Straight Talk, Big Profits
"Why are so few businesses actually profitable for their owners? Profit First turns accepted wisdom on its head and shows the real reason businesses actua owners struggle with the bottom line. This book shows you how to take home more money almost immediately."
— Dorie Clark, author of Stand Out
“I took the pledge and started implementing the Profit First system after reading Chapter One. By the time I was halfway through the book my business had already turned a profit.”
— Barry Moltz, author of How to Get Unstuck