Profit First Summary Transform Your Business to a Money-Making Machine by Mike Michalowicz | AudioBook
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Profit First by Mike Michalowicz is a revolutionary guide to managing your business finances. The book challenges the traditional equation of Sales - Expenses = Profit and proposes a new formula: Sales - Profit = Expenses. This means that instead of running your business based on what you can afford to do today, you take your profit first and then use the remaining for expenses.
Michalowicz argues that this approach forces you to think smarter, innovate more, and make your business more efficient. The book is filled with real-life examples and case studies, making it a valuable resource for anyone interested in transforming their business from a cash-eating monster to a profitable cash cow
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