Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

INCOME PROFIT OWNER’S COMP TAX OPEX

It hurts to admit this, but I was never good at money management.

you set up one Profit First account, and you transferred 1 percent of your current money.

Ark Entertainment Media,

Ernie is at point A (which is really called crisis) and he wants to get to point B (which is his vision for our future). The thing is, as is the case for most of us, his vision is very vague. Instead of a clear statement of his products or services and the clients he wants to serve, Ernie might have a goal like, “I want a lot of money and need reli

Enforce a Rhythm—

To grow the biggest and the fastest, you need to be the best at one thing you do. And to become the best at something, you need to first determine what you are best at and do it a whole lot better. To get there, you take your profit first and the answers to being the best at something will reveal themselves.

TAKE ACTION: SEND ME AN EMAIL It’s time to draw the line in the sand and get some accountability. Email me right now (my email is Mike@MikeMichalowicz.com) with the subject line “I’ve Drawn the Line in the Sand,” and tell me that you are committed to profitability. And tell me that you will do what it takes to once and for all become permanently pr

After setting up this new checking account at your bank, nickname the account PROFIT, and from this moment forward from any deposit you put into your normal checking account, transfer 1 percent of that deposit into your PROFIT account. Then proceed with your business and processes and money management as you have in the past. Just add to the PROFIT