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Profit First

Audiobook

Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expense = 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, listeners 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 the money they always dreamed of.


  • Expand title description text
    Publisher: Gildan Audio Edition: Unabridged

    OverDrive Listen audiobook

    • ISBN: 9781469036618
    • File size: 247507 KB
    • Release date: March 1, 2017
    • Duration: 08:35:38

    MP3 audiobook

    • ISBN: 9781469036618
    • File size: 247538 KB
    • Release date: March 1, 2017
    • Duration: 08:38:37
    • Number of parts: 9

    Formats

    OverDrive Listen audiobook
    MP3 audiobook

    Languages

    English

    Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expense = 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, listeners 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 the money they always dreamed of.


  • Expand title description text
    • Details

      Publisher:
      Gildan Audio
      Edition:
      Unabridged

      OverDrive Listen audiobook
      ISBN: 9781469036618
      File size: 247507 KB
      Release date: March 1, 2017
      Duration: 08:35:38

      MP3 audiobook
      ISBN: 9781469036618
      File size: 247538 KB
      Release date: March 1, 2017
      Duration: 08:38:37
      Number of parts: 9

    • Creators
    • Formats
      OverDrive Listen audiobook
      MP3 audiobook
    • Languages
      English