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Profit First Audiobook

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

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Publisher's Summary

The author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability.

Conventional accounting uses the logical (albeit, flawed) formula: sales - expenses = 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 four 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 road map for any entrepreneur to make money they always dreamed of.

©2014, 2017 Mike Michalowitz (P)2017 Gildan Media LLC

What Members Say

Average Customer Rating

4.9 (127 )
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  •  
    Shaneh Woods Xenia, OH 02-21-17
    Shaneh Woods Xenia, OH 02-21-17 Member Since 2012

    Fan'atical for Books and Music!

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    "Update Version put Profit First on STEROIDS!"
    What did you love best about Profit First?

    It's a real system that I can use to transform my life and my business!


    What was one of the most memorable moments of Profit First?

    Mike had me in tears when he shared his piggy bank moment with his daughter


    What about Mike Michalowicz’s performance did you like?

    He's hysterically funny guy and he made a rather boring subject (money and the accounting of said pennies) entertaining.


    3 of 3 people found this review helpful
  •  
    Joe 05-19-17
    Joe 05-19-17 Member Since 2016
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    "GAME CHANGER"
    If you could sum up Profit First in three words, what would they be?

    GAME CHANGER


    Who was your favorite character and why?

    Mike


    What does Mike Michalowicz bring to the story that you wouldn’t experience if you just read the book?

    Mike reads the book in a very conversational way. Super fun to listen too.


    If you were to make a film of this book, what would the tag line be?

    This book with change your business and change your life!


    Any additional comments?

    Profit First is a GAME CHANGER! Very practical and it will turn your business around! I am a new business owner and this book may have saved my life!

    1 of 1 people found this review helpful
  •  
    Joshua 05-06-17
    Joshua 05-06-17 Member Since 2015
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    "Can't believe this is my first time reading it!"

    Every entrepreneur should read this right away! Gave me so much clarity and confidence to move forward. I was getting burn out and now I'm high on life. Thank you so much for this book!

    1 of 1 people found this review helpful
  •  
    Scott W Mulvaney 03-09-17 Member Since 2016

    Scott Mulvaney #LIVETHEFUEL

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    "Buy Profit First again Expanded and Improved"

    Finished listening again to #ProfitFirst by @MikeMichalowicz I even hired Debra of @ProfitFirstPros this week! This new revised and expanded version is so worth it since I already owned the prior!

    1 of 1 people found this review helpful
  •  
    Cat Teacher 03-04-17
    Cat Teacher 03-04-17
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    "Best business book I've ever read"

    I have been using the Profit First system for almost a year. Things aren't perfect by any means, but I am seeing that my business is getting healthier, little by little. I sometimes listen to this book just to get a lift from Mike's infectious enthusiasm. And I love the Profit First accountant Mike hooked me up with. Thanks, Mike, for figuring this all out. I am grateful.

    By the way, I use Smarty Pig for all the separate accounts. It works well for me--but I do know it's more accessible and therefore more dangerous! I am so tired of being broke, however, that it's really not tempting to steal my own money.

    Perfer et obdura, dolar hic tibi proderit olim.
    Persist and endure; one day, this pain will be useful to you. --Ovid

    1 of 1 people found this review helpful
  •  
    05-24-17
    05-24-17 Member Since 2016
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    "Gotta listen to change your life"

    For 20 years I struggled from paycheck to paycheck. July 1st I will get my first profit check. Do what Mike says and you will win.

    0 of 0 people found this review helpful
  •  
    Amazon Customer 05-24-17 Member Since 2016
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    "Eye opening inforamtion"
    Where does Profit First rank among all the audiobooks you’ve listened to so far?

    Great information for small business owners to re think their model of determining their profit! Simple idea, yet not many do it this way!


    0 of 0 people found this review helpful
  •  
    CTLLC Washington 05-22-17
    CTLLC Washington 05-22-17 Member Since 2016

    TH

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    "Awesome! I was pulled right in!"
    Would you recommend this audiobook to a friend? If so, why?

    I would absolutely recommend this book to a friend. I have already done so.


    What other book might you compare Profit First to and why?

    None that I can think of yet. This turns your thoughts upside down. It completely contradicts the standard school of thought behind business; in a good way.


    What about Mike Michalowicz’s performance did you like?

    He does a great job of going offline and then back online. A little short snippet here and there is nice.


    If you were to make a film of this book, what would the tag line be?

    Profit First- The Untold, Unconventional but Profitable Startup Solution


    Any additional comments?

    I'm not even done with the book yet and I like it this much. I still have a few hours left. (Mike, shorter- make it shorter!) [Cliff's notes?]
    -But I've been in contact with Mike and his team via email and they even respond!

    0 of 0 people found this review helpful
  •  
    Abe M. Indiana 05-18-17
    Abe M. Indiana 05-18-17 Member Since 2017

    Abe

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    "YES, YES, YES!!!!!!"

    I've been asking these questions but nobody had the answers. this is laid out cleanly and will be easy the get started.

    0 of 0 people found this review helpful
  •  
    Wyn D. Steckbauer Oshkosh, WI 05-10-17
    Wyn D. Steckbauer Oshkosh, WI 05-10-17 Member Since 2014

    Wyn

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    "It works"

    It works. Easy, quick but impactful read (only if you apply it). Get started today!

    0 of 0 people found this review helpful

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