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Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine [Kindle Edition]

Mike Michalowicz
5.0 out of 5 stars  See all reviews (6 customer reviews)

Kindle Price: £6.55 includes VAT* & free wireless delivery via Amazon Whispernet
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Book Description

You are about to discover the profoundly simple yet shockingly effective accounting plug-in that will transform your business from a cash eating monster into a money making machine. In Profit First, Mike Michalowicz, author of The Pumpkin Plan & The Toilet Paper Entrepreneur, explains why the GAAP accounting method is contrary to human nature, trapping entrepreneurs in the panic-driven cycle of operating check-to-check and reveals why this new method is the easiest and smartest way to ensure your business becomes wildly (and permanently) profitable from your very next deposit forward.

Product details

  • Format: Kindle Edition
  • File Size: 1244 KB
  • Print Length: 191 pages
  • Simultaneous Device Usage: Unlimited
  • Publisher: Obsidian Press (24 Jun. 2014)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B00L9SCJ56
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Bestsellers Rank: #52,424 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most Helpful Customer Reviews
1 of 1 people found the following review helpful
Format:Kindle Edition|Verified Purchase
I've been following the broad principles of this book for the past couple of months and I can honestly say it's already changed my relationship with my two main companies. Rather than being the dog on the floor waiting for crumbs to be dropped from the table or, if I'm really lucky, being offered the remains of the dinner after those good friends Expenses and HMRC had had their fill, now I get my share first.

As an example, right now, the Owner's Pay account of one of my companies contains enough money to completely run our household for two months even if we didn't earn another penny (and we've only been running the system since September) - this has never happened before. We get incredibly busy in October-December but, in previous years, I've always been a bit depressed by how little seemed to remain for us. Not any more - now every payment in from our payment processors gets divvied up according to a formula that works for us so money is now put aside for our pay, for profit (play time!) and to pay HMRC. And we manage the business from what remains. This has been very hairy at times and we've needed to be extremely innovative but I can tell you, our approach to buying in materials has completely changed - as has our attention to Adwords. This had led not only to us taking more money out of the business but also the business generating more profit in the first place because we're running it leaner.

In essence this book is about having your business cut its cloth to suit what money it has to operate on rather than spending what it likes and leaving you to survive on what's left over.I like the author's style, in the main, and found this to be the most useful of his three books.
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Format:Kindle Edition|Verified Purchase
Simply genius, and I do mean simply. It's such an obvious idea, but an incredibly powerful one. It hadn't occurred to me to think about profit (or business, for that matter) this way, and the realisation is nothing short of groundbreaking! We get so stuck in what we're doing, and the way we've always done it, we don't look up from our hussle for long enough to realise how arse-backwards it is.

Besides which, I like Mike's flair! He’s himself, and that’s something I have a huge amount of respect for in today’s marketplace. I don’t do dry, dull and samey.

Blunt, brilliant and… um… another B… Buy it? It’ll pay for itself. It already has for me, and then some. I took my first salary in months shortly after buying it, and am reorganising the way I manage, and think about, money in my business.

If you want to take charge and feel like you’re running your business, instead of having it run you (into the ground) then you need to put profit (and yourself) first.

Thanks Mike! I owe ya one!
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5.0 out of 5 stars Turned my business finances upside down 20 Sept. 2014
Format:Kindle Edition|Verified Purchase
this book is a conversation that makes sense and is easy to follow, many accounting and business books are tomes or are rah rah things, this book can change your outlook about your business.
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