Mike Michalowicz's book, Profit First, introduces a cash management system urging businesses to allocate a percentage of every revenue deposit to profit first, before expenses. The book argues against the traditional accounting formula of Sales - Expenses = Profit, suggesting it leads to neglected profitability. Through anecdotes and practical advice, Michalowicz outlines a method involving multiple bank accounts and regular allocations to ensure consistent profitability, reduce debt, and achieve financial stability. The text also covers strategies for increasing efficiency, cutting unnecessary costs, and fostering a mindset focused on profit as a habit, not an afterthought.
Full podcast episode available here:
YouTube: https://www.youtube.com/@BusyProfessionall //
Spotify: https://open.spotify.com/show/43S8mFi7frIuMtqd0VST7O //
Apple Podcasts: https://podcasts.apple.com/us/podcast/busy-accountant-the-best-books-reviews/id1807058693 —
Follow us for more insights & updates:
Instagram: https://www.instagram.com/busy_proffesional/ —
TikTok: https://www.tiktok.com/@busyprofessional
Popular Podcasts
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.