How to Make Profit a Habit – Mike Michalowicz on the Profit First Formula

This is a special episode as we welcome our first guest, Mike Michalowicz. Mike is the author of Profit First and a global expert on small business finance. His mission is to end entrepreneurial poverty, and he's helped thousands of business owners take control of their money.

We talk about the real mistakes that keep business owners stuck, the myth of growing your way to success, and why taking profit first is a game changer. If you're feeling the pressure of cash flow or struggling to pay yourself, this episode will help you shift your mindset and take action.

In this episode, we cover:

• The number one money mistake business owners make
• Why growing a business is not the same as scaling
• How to start Profit First even if cash is tight
• The power of outside accountability
• Why women often sacrifice too much in business, and how to change that

Simple action you can take today:
Open a separate profit account and transfer 1 percent of your income. Small steps build strong habits.

Resources mentioned:

• Grab a copy of Profit First by Mike Michalowicz
• Listen to Episode 5 of Money First CEO where I walk you through how to get started with Profit First

Want support to put Profit First into practice?
We help business owners take control of their cash and grow profit with clarity and confidence. Learn more at blubookkeepers.com.au/services/profit-first

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📞 Ready to Take Control of Your Business Finances?
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📩 Have a Question or Want to Be a Guest?
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