Prose Supplements - Shop now
$16.99 with 41 percent savings
Print List Price: $29.00

Promotions apply when you purchase

These promotions will be applied to this item:

Some promotions may be combined; others are not eligible to be combined with other offers. For details, please see the Terms & Conditions associated with these promotions.

Sold by Penguin Group (USA) LLC. Price set by seller.
Read with our free app
You've subscribed to ! We will preorder your items within 24 hours of when they become available. When new books are released, we'll charge your default payment method for the lowest price available during the pre-order period.
Update your device or payment method, cancel individual pre-orders or your subscription at
Your Memberships & Subscriptions
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer - no Kindle device required.

Read instantly on your browser with Kindle for Web.

Using your mobile phone camera - scan the code below and download the Kindle app.

QR code to download the Kindle App

Follow the author

Mike Michalowicz
Follow
Something went wrong. Please try your request again later.

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

by Mike Michalowicz (Author) Format: Kindle Edition
4.8 4.8 out of 5 stars 9,282 ratings
See all formats and editions
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, readers will learn that:

· Following 4 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 roadmap for any entrepreneur to make money they always dreamed of.
Previous slide of product details
  1. Part of series
    Entrepreneurship Simplified
  2. Print length
    222 pages
  3. Language
    English
  4. Publisher
    Portfolio
  5. Publication date
    January 18, 2017
  6. File size
    3.2 MB
  7. Page Flip
    Enabled
  8. Word Wise
    Enabled
  9. Enhanced typesetting
    Enabled
  10. See all details
Next slide of product details

Shop this series

See full series
This option includes 6 books. See included books
Shop this series
There are 6 books in this series.
Bundle price: Kindle price
$33.97
Bundle price: Kindle price
$54.95
Bundle price: Kindle price
$59.94
By placing your order, you're purchasing a license to the content and you agree to the Kindle Store Terms of Use.

This option includes 3 books.

This option includes 5 books.

This option includes 6 books.

Something went wrong.
Please try again.
Entrepreneurship Simplified
Bundle price: Kindle price
$33.97
Bundle price: Kindle price
$54.95
Bundle price: Kindle price
$59.94
By placing your order, you're purchasing a license to the content and you agree to the Kindle Store Terms of Use.

Customers also bought or read

Page 1 of 1Start overPage 1 of 1
Previous page
Next page
Loading...
Popular Highlights in this book
What are popular highlights?
Previous page
  1. When less money is available to run your business, you will find ways to get the same or better results with less. By taking your profit first, you will be forced to think smarter and innovate more.
    Highlighted by 7,386 Kindle readers
  2. Eliminating unnecessary expenses will bring more health to your business than you can ever imagine.
    Highlighted by 6,580 Kindle readers
  3. 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.
    Highlighted by 6,000 Kindle readers
  4. Primacy Effect. The principle is this: We place additional significance on whatever we encounter first.
    Highlighted by 4,549 Kindle readers
Next page

From the Publisher

Profit is not an event. Profit is a habit. Mike Michalowicz

THREE STEPS TO PERMANENT PROFITABILITY

Image for Profit First by Mike Michalowicz. It shows a money bag turning into dollar bills.

CHANNEL BEHAVIOR

Most entrepreneurs run their business via “login and see what you’ve got - bank balance accounting.” If you do that, too... congratulations! Profit First was made for you.

Profit First is a cash management system that works with your bank accounts. The do-it-yourself process pre-allocates money to its intended use before you spend it. When you log into your bank, you will know what money is available for what purpose.

Image for Profit First by Mike Michalowicz

REMOVE TEMPTATION

Just like the 401k has been the greatest personal savings mechanism in US history, Profit First leverages the same “pay yourself first” principle. First, your business will deduct its profit and transfer the money away from your primary bank to prevent the business from “borrowing from it.”

With the temptation to run your business from its profits removed, you will automatically operate your business in a fiscally sound manner.

Image for Profit First by Mike Michalowicz. It is a drawing of a flower in a person's palm

REWARD QUARTERLY

As profit accumulates, the owner(s) of the business will take a quarterly profit distribution. The profits are not “plowed back” or “reinvested” into the business - or they should be reclassified as expenses. Instead, the profits are used to reward the owner(s).

Some businesses have debt, of course. Using the Profit First system, portions of profit distributions can be used to pay off chunks of debt, but some must remain to reward the owner(s). With Profit First, you win. Every quarter.

Image of author Mike Michalowicz

ABOUT MIKE MICHALOWICZ

After building and selling two multi-million dollar businesses, Mike Michalowicz (pronounced mi-‘kal-o-wits) started his third company and... lost his entire fortune. Then he started all over again, driven to find better ways to grow healthy, strong companies. Mike has devoted his life to the research and delivery of innovative entrepreneurial strategies to his readers.

Mike is the creator of Profit First, which is used by over one million companies across the globe to drive permanent profit. He is also the creator of Clockwork (small business systems), Fix This Next (small business strategy), Get Different (small business marketing), The Pumpkin Plan (small business growth), and All In (small business teams).

If there will ever be a patron saint for entrepreneurs, Mike Michalowicz is a contender —Simon Sinek

Mike Michalowicz is the authority on small business success

Mike Michaelowicz is a brilliant business mind. — Sally Hogshead

Fix This Next
Get Different
Clockwork
The Pumpkin Plan
All In
Customer Reviews
4.7 out of 5 stars 551
4.7 out of 5 stars 244
4.7 out of 5 stars 210
4.7 out of 5 stars 1,663
4.7 out of 5 stars 138
Price $21.79 $23.83 $17.38 $18.92 $17.54
YOUR GUIDE TO ENTREPRENEURIAL SUCCESS I want to do the RIGHT things! I want to MARKET better than ever! I want to get my TIME back! I want to GROW fast and strong! I want to LEAD an unstoppable team!

Editorial Reviews

Review

Praise for Profit First

“Quit being a slave to your own business and start making some serious money. Follow Mike’s counter-intuitive advice and put profits first.”
--VERNE HARNISH, author of Scaling Up

“Profit First is a brilliant smack-upside-the-head revelation for entrepreneurs. Most small businesses look pretty good on the outside, yet actually struggle to stay afloat. With fascinating stories and wit, Michalowicz shows how to remove your nose from the grindstone, climb out of the quicksand, and build a business that loves you back.”
—SALLY HOGSHEAD, author of Fascinate

“Profit First may arguably be one of the greatest ‘hacks’ of all time. Apply the pay-yourself-first principle to your business and watch the profits roll in.”
—CHRIS GUILLEBEAU, author of Born for This and The $100 Startup
 
"Profit First is a game-changer. I implemented the system into both of my businesses and increased profits by 21%. If you want to turn a profit and grow your business, you need this book."
—MICHAEL PORT, author of Steal the Show
 
"Profit First completely transformed how I handle business banking. I hadn't even finished the book before immediately putting a four-account distribution system in place for new income: operating expenses, owner expenses, taxes and profit. Mike's system moved me from break-even to profitable within a month. This book is a must-read for businesses large and small."
—JENNY BLAKE, author of Pivot
 
“Twenty-five percent of small businesses have two weeks or less of cash in the bank. Seventy-five percent of businesses have a month or less of cash in the bank. Profit First disciplines show you the roadmap to avoid becoming a statistic. This book has the potential to change the next 20 years of your small business life.”
—DAWN FOTOPULOS, Associate Professor of Business, The King’s College NYC; author of Accounting for the Numberphobic
 
“Profit First is a revelation. I only wish I knew about this system when I started my first business.”
—JOHN JANTSCH, author of Duct Tape Marketing and SEO for Growth

“Entrepreneurs commonly confuse cash flow with profitability. Profit First makes the process so radically simple that you no longer have an excuse not to be profitable AND have cash flow!”
—GREG CRABTREE, author of Simple Numbers, Straight Talk, Big Profits

“Not only is Mike one of the most innovative small business authors of our time, his Profit First system—simple to apply and impactful in its results—can be the difference between constantly walking the financial tightrope or being predictably profitable. And a predictably profitable business is not only less stressful and more gratifying, it allows you to focus on what really matters… serving your customers!”
—BOB BURG, coauthor of The Go-Giver and The Go-Giver Leader

"Why are so few businesses actually profitable for their owners? Profit First turns accepted wisdom on its head and shows the real reason business owners struggle with the bottom line. This book shows you how to take home more money almost immediately."
—DORIE CLARK, author of Stand Out

“Finance is the top headache of an entrepreneur. Profit First is a must-read to avoid bankruptcy for great business ideas. Clever, easy to implement and absolutely effective (plus you will enjoy reading it).”
—SOFIA MACIAS, author of Pequeño Cerdo Capitalista

“Entrepreneurs and small business advisors finally have a practical toolkit for increasing profitability! Everyone who touches the small business world should read and apply these game-changing principles.”
—JOE WOODARD, CEO of Woodard Events and Woodard Consulting

“I took the pledge and started implementing the Profit First system after reading Chapter One. By the time I was halfway through the book my business had already turned a profit.”
—BARRY MOLTZ, author of How to Get Unstuck

About the Author

Mike Michalowicz launched and sold two multimillion-dollar companies and currently operates his third, Obsidian Launch, a consulting firm that ignites explosive growth in companies that have plateaued. He is the author of The Pumpkin Plan, also published by Gildan Media, and is a small business columnist for The Wall Street Journal.

Product details

  • ASIN ‏ : ‎ B01HCGYTH4
  • Publisher ‏ : ‎ Portfolio; Reissue edition (January 18, 2017)
  • Publication date ‏ : ‎ January 18, 2017
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 3.2 MB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 222 pages
  • Page numbers source ISBN ‏ : ‎ B0CLYML7W2
  • Customer Reviews:
    4.8 4.8 out of 5 stars 9,282 ratings

About the author

Follow authors to get new release updates, plus improved recommendations.
Mike Michalowicz

Mike Michalowicz

Brief content visible, double tap to read full content.
Full content visible, double tap to read brief content.

By his 35th birthday MIKE MICHALOWICZ (pronounced mi-‘kal-o-wits) had founded and sold two multi-million dollar companies.

Confident that he had the formula to success, he became a small business angel investor… and proceeded to lose his entire fortune. Then he started all over again, driven to find better ways to grow healthy, strong companies. Mike has devoted his life to the research and delivery of innovative, impactful entrepreneurial strategies to you.

Mike is the creator of Profit First, which is used by hundreds of thousands of companies across the globe to drive profit. He is the creator of Clockwork, a powerful method to make any business run on automatic. He is the author of Fix This Next, an instant Wall Street Journal Bestseller, The Pumpkin Plan, Surge and The Toilet Paper Entrepreneur. His newest book, Get Different, teaches entrepreneurs how to creating marketing that can't be ignored.

Today, Mike leads two new multi-million-dollar ventures, as he tests his latest business research for his books. He is a former small business columnist for The Wall Street Journal and business makeover specialist on MSNBC. Mike is a popular main stage keynote speaker on innovative entrepreneurial topics; and is the author of Get Different, Fix This Next, Clockwork, Profit First, Surge, The Pumpkin Plan and The Toilet Paper Entrepreneur.

Fabled author, Simon Sinek deemed Mike Michalowicz “…the top contender for the patron saint of entrepreneurs.”

Mike is also a guest lecturer for collegiate entrepreneurial programs such as Babson, Boston College, Columbia, Copenhagen Business School, Emerson, Harvard, Penn State, Pepperdine and Princeton. His books are in the core curriculum for entrepreneur students at Pepperdine, Carnegie Mellon, Stanford University, and universities across the country. His books have been translated into over 27 languages.

Customer reviews

4.8 out of 5 stars
9,282 global ratings

Review this product

Share your thoughts with other customers
Write a customer review

Customers say

Customers find the book provides useful information and a practical approach to business finances. They find it easy to understand and implement, with clear steps to follow. Many readers consider it a worthwhile purchase that helps them make a healthy profit. The author's humor and relatable storytelling make the book enjoyable to read.

AI-generated from the text of customer reviews

Select to learn more

Information qualityReadabilityEase of useValue for moneyHumorStorytellingActionablePower
832 customers mention "Information quality"815 positive17 negative

Customers find the book provides useful information about business finances. They say it has helped them manage their finances better and transform their businesses. The system allows them to see profits from day one, and bookkeeping becomes exciting.

"...emphasize revenue and expansion, this book campaigns a refreshingly unconventional approach—a perspective most entrepreneurs desperately need...." Read more

"...The book is engaging, with humor and real-world examples that make financial management feel doable—even for those who hate numbers...." Read more

"...Following this method of cash management can keep you calm as a business owner! (And the author is a Hokie, so that's a plus as well!)" Read more

"This was a good read. Very informative." Read more

474 customers mention "Readability"474 positive0 negative

Customers find the book easy to read and engaging. They say it's worth buying, has good quality, and simplifies finance for all readers.

"...enriched with real-life examples, simplifies finance and makes it accessible to all readers...." Read more

"This was a good read. Very informative." Read more

"...If nothing else I've said convinces you that this book is worth reading...I will tell you that it saved me 10% in operating expenses in about 15..." Read more

"this is a perfect read for the business owner and aspiring business owner" Read more

455 customers mention "Ease of use"445 positive10 negative

Customers find the book's content straightforward and intuitive. It provides a simple, easy-to-implement system for organizing finances that is applicable to any business type. The book is well-planned and easy to follow.

"...The Profit First formula is straightforward yet profoundly impactful—a testament to the idea that the most effective solutions are often the..." Read more

"...Mike Michalowicz breaks down cash flow in a way that’s easy to understand and implement...." Read more

"...And the author is a Hokie, so that's a plus as well!)" Read more

"...Mike Michalowicz writes in an easy, declarative style, using humor, often self-deprecating, and anecdotes from his work and family life..." Read more

289 customers mention "Value for money"255 positive34 negative

Customers find the book's principles helpful for setting aside profits for their businesses. They say it helps them manage their finances better and increase their revenue. The book helps them prioritize profit and ensure their business is financially healthy. It's simple, cheaper, and faster to implement, allowing customers to live in peace with their money.

"...The message is clear: prioritize profit, and your business will reward you with resilience and prosperity...." Read more

"...better financial control, reduced stress, and actually started seeing real profits...." Read more

"...I can easily see what money I have available for any planned purchase, and I have been able to pay myself from day 1...." Read more

"...Enter Profit First. Cheaper, simpler, and faster to implement than an accounting course, it was a perfect fit for a non-accountant self-..." Read more

151 customers mention "Humor"145 positive6 negative

Customers find the book engaging and humorous. They enjoy the author's witty writing style, including personal stories, puns, and one-liners. The book is described as an enjoyable read on business finances with an irreverent tone.

"...The book is engaging, with humor and real-world examples that make financial management feel doable—even for those who hate numbers...." Read more

"...Mike Michalowicz writes in an easy, declarative style, using humor, often self-deprecating, and anecdotes from his work and family life..." Read more

"...He’s also authentic, ridiculously witty and funny but he also genuinely cares about your success...." Read more

"I love that the author is entertaining to read while also being informational about business life...." Read more

130 customers mention "Storytelling"110 positive20 negative

Customers find the book relatable and engaging. They appreciate the author's transparent, relatable style and clear presentation of ideas. The conversational tone and actionable advice are praised as valuable.

"...WHY NOT PAY YOURSELF FIRST????? Michalowicz's engaging storytelling, enriched with real-life examples, simplifies finance and makes it..." Read more

"...Enter Profit First. Mike Michalowicz lays everything out so unbelievably clearly, that I truly feel confident about how I want to start my business..." Read more

"...Mike's conversational, self-deprecating, irreverent tone makes reading his books enjoyable as well as life-changing...." Read more

"I love Mike and his writings...." Read more

49 customers mention "Actionable"49 positive0 negative

Customers find the book actionable and encouraging them to take small, measurable steps to put the knowledge into practice. They appreciate the easy-to-follow action list at the end of each chapter. The simple approach is effective and addictive, leading customers to take immediate action.

"...not doing this sooner for my business, really is so powerful and actionable book...." Read more

"...With actionable steps and accountability, Mike will get you on your way to looking at your business differently. And it’s so SIMPLE...." Read more

"...It was one of the first books I read. I love the siplicity & actionable steps that Mike provides...." Read more

"...I also love his little action steps...." Read more

39 customers mention "Power"39 positive0 negative

Customers find the book's steps work well for personal and business finances. They say it's simple yet powerful, and works with countless other businesses.

"...My only regret is not doing this sooner for my business, really is so powerful and actionable book...." Read more

"...the principles and tactics within, I can assure you that this system works...." Read more

"...This sh*t works. One month in, I decided to check my ‘hidden’ profit bank account to find out I had almost $1100 in there! Holy Shnikies!..." Read more

"Great book! This was exactly what I needed. It is practical, powerful, motivating, passionate, and fun to read!..." Read more

it will change your mindset
5 out of 5 stars
it will change your mindset
Love it
Hide
Thank you for your feedback
Sorry, there was an error
Sorry we couldn't load the review

Top reviews from the United States

  • remnarc
    5.0 out of 5 stars Game-Changer for Small Business Finances!
    Reviewed in the United States on March 14, 2025
    Verified Purchase
    Profit First is hands down one of the most impactful books for entrepreneurs and small business owners. Mike Michalowicz breaks down financial management into a simple, actionable system that ensures you pay yourself first—rather than waiting to see what's left over.

    The biggest takeaway? Stop running your business check-to-check and start prioritizing profit. The step-by-step approach makes budgeting easy to follow, and the psychology behind the method is eye-opening. Implementing Profit First has helped me gain control over cash flow, reduce financial stress, and actually see my business grow sustainably.

    If you're struggling to make sense of your business finances or feel like you're working too hard for too little return, this book is a must-read. Practical, engaging, and truly transformative!
    Helpful
     Report
  • Brent
    5.0 out of 5 stars A Financial Revolution for Business Owners and : MY 2nd Copy!!
    Reviewed in the United States on September 26, 2023
    Verified Purchase
    Mike Michalowicz's "Profit First" introduces a groundbreaking concept that flips traditional financial wisdom on its head: prioritize profit first. In a world where businesses typically emphasize revenue and expansion, this book campaigns a refreshingly unconventional approach—a perspective most entrepreneurs desperately need.

    WHY NOT PAY YOURSELF FIRST?????

    Michalowicz's engaging storytelling, enriched with real-life examples, simplifies finance and makes it accessible to all readers. The book's central focus is change in your approach to finances and how you think about your money. The system reshapes the reader's financial mindset, promoting disciplined money management. Prior to using this in business, I applied the system to my Personal/Professional Career and financials. BOOM!!! I had to personally reach out to Mike, this is powerful stuff!!

    The core takeaway is the "banking" system, without giving away too much. This approach compels business owners to allocate funds thoughtfully, breaking free from the paycheck-to-paycheck cycle, even within their businesses.

    "Profit First" isn't just a book; it's a financial EXPLOSION kit. It challenges the hear say and presents an unconventional approach to financial growth. The message is clear: prioritize profit, and your business will reward you with resilience and prosperity.

    "Profit First" ensures sustainable expansion. It shifts the focus from revenue to profit—a transformative concept in the world of business.

    The Profit First formula is straightforward yet profoundly impactful—a testament to the idea that the most effective solutions are often the simplest ones.

    In summary, "Profit First" is a revolutionary habit building process of financial management, offering a roadmap to lasting profitability and resilience.

    BUY THE BOOK & TAKE ACTION, OTHERWISE YOU HAVEN'T DONE ANYTHING TO BETTER YOUR PUMP!!
    7 people found this helpful
    Helpful
     Report
  • Corey
    5.0 out of 5 stars Game-Changer for Small Business Owners!
    Reviewed in the United States on January 29, 2025
    Verified Purchase
    Profit First completely changed the way I manage my business finances. Mike Michalowicz breaks down cash flow in a way that’s easy to understand and implement. The system forces you to prioritize profit by allocating money into separate accounts, ensuring you always have enough for taxes, expenses, and, most importantly, paying yourself!

    Since adopting this method, I’ve gained better financial control, reduced stress, and actually started seeing real profits. The book is engaging, with humor and real-world examples that make financial management feel doable—even for those who hate numbers.

    If you’re a business owner struggling with cash flow, this book is a must-read. Highly recommended!
    3 people found this helpful
    Helpful
     Report
  • ddidit
    5.0 out of 5 stars A Good Read Book
    Reviewed in the United States on March 6, 2025
    Verified Purchase
    This was a good read. Very informative.
    Helpful
     Report
  • SanDiegoMama
    5.0 out of 5 stars Profit First Made a Difference
    Reviewed in the United States on October 16, 2018
    Verified Purchase
    Update: May 11, 2019 ***

    I was just browsing Amazon and came across this book again. I thought it would be helpful to give an update. My first review was probably October 2018. The advice / method in the book really worked for us and it has helped us so much that I tell every business owner about the method.

    I went back and reread the book in December to make sure we were doing it right. We were but we tweaked some things in Feb. (Like I take profit out every month - 100% of what I saved) We still do our cash flow and pay bills 3 times a week - doesn't work for us to do it 2 times a month. Too many bills since we do a lot of manufacturing. Although we are now starting to get ahead of bills by a week or two so when that happens we reduce how often we sit and do cash flow and pay bills.

    We started out doing 3% profit and now were are up to 8.5%

    For the first time ever I wasn't angry about paying taxes. Having a separate account to save for that is brilliant. We save for end of year taxes, payroll taxes and estimated taxes. We had $8000 or $9000 extra in the account after April 15 so we moved that money to pay off our Line of Credit (taken out a few years ago when we owed so much in taxes and had not saved)

    I don't wake up with the sick feeling every day wondering if enough money is coming in to pay the bills.

    We made some other changes to stop the roller coaster since we do manufacturing we get a lot of money in and then a lot of money out.

    We pay payroll every week - not every 2 weeks.
    We moved other things to pay once a week instead of every month or 2 weeks. Just
    helps us (having payroll taxes in another account that is saved for helps as well since that was a big expense once a month)

    Personally we also set up accounts differently. I pay my car payment once a week (1/4th of a payment), my line of credit also once a week. I also put in 1/4 of my mortgage into a savings account since they only let me pay them once a month. All of that reduces strain and the roller coaster balances.

    Union bank is trying to charge me fees for so many transfers per month. I've been in talks with them as I'm not happy that they are charging me when it is in between my own accounts and it isn't a cost to them however since we are far more stable and profitable now, I am starting to reduce how often I transfer the funds out of income into Profit 1, Taxes, Sales Tax, Profit 2 (college account) and then to Operating expenses. It was every day before but now we are getting down to 2 times a week.

    Hope this helps! By the way, I'm still shocked it works or makes a difference. I thought we were frugal before so I'm not sure how we are seeing more profit but we are.
    ______

    My husband and I have had a business for over 14 years. We first read and started implementing the plan in the book about 2 weeks ago. I found the book helpful. Some solid new ideas that I've not read anything else. It did help us to pull out taxes and a small amount of profit first before putting the rest into an operating expense account. We used to take an owners draw when we had a large positive swing in cash flow. Later we'd be scrambling to pay payroll or sales tax . Now I feel like I have a bit more control over our income and expenses. Basic premise is about changing human behavior. When you make more you tend to spend more. You wonder where the cash went at the end of the year and you're upset that you owe a lot in taxes and dont' have the money. Overall I feel like we have a better pulse on our cash flow and can do something immediately if we notice that it has dropped too far. The Author recommends doing bills on the 10th and 25th. I think that might work for us in 6 months or a year but for now 2 times a week is better while we get things back under control. Hope to finally get into a habit of once a week in the next month. We pay ourselves and our employees once a week now because it made cash flow more even and our employees appreciate seeing a check once a week too.

    Dont' expect the author to be. an accounting genius - you'll be disappointed however the ideas he has come up with do seem to help. It is about human behavior and changing it by putting some checks and balances in place.
    37 people found this helpful
    Helpful
     Report

Top reviews from other countries

Translate all reviews to English
  • Laércio Zulian Gallina
    5.0 out of 5 stars Ótimo livro
    Reviewed in Brazil on August 4, 2022
    Verified Purchase
    Ótima leitura, estimula a encarar os pequenos e médios negócios de outra forma.
    Report
  • Reader
    5.0 out of 5 stars Perfect
    Reviewed in France on September 21, 2024
    Verified Purchase
    Even though I’m finance guy, I find this approach good! It really works! One of books I’m using now daily !
    Report
  • Mateo Eguiguren
    5.0 out of 5 stars Lo comenzamos a implementar este mes en la agencia
    Reviewed in Spain on April 26, 2024
    Verified Purchase
    El libro habla acerca de un simple sistema para separar primero el Profit, después pagarte a ti como el empleado más importante dentro de toda la compañía. Luego separar para pagar impuestos porque ese dinero no te pertenece a ti, sino al Estado y finalmente pagar los costos operativos.

    Este mes lo comenzaremos a aplicar en la agencia de marketing especializada en comercio electrónico y dentro de unos meses veremos el impacto
    Customer image
    Mateo Eguiguren
    5.0 out of 5 stars
    Lo comenzamos a implementar este mes en la agencia

    Reviewed in Spain on April 26, 2024
    El libro habla acerca de un simple sistema para separar primero el Profit, después pagarte a ti como el empleado más importante dentro de toda la compañía. Luego separar para pagar impuestos porque ese dinero no te pertenece a ti, sino al Estado y finalmente pagar los costos operativos.

    Este mes lo comenzaremos a aplicar en la agencia de marketing especializada en comercio electrónico y dentro de unos meses veremos el impacto
    Images in this review
    Customer image
    Report
  • Shashank
    5.0 out of 5 stars Changes the way you think about Business Cash Management
    Reviewed in India on January 19, 2024
    Verified Purchase
    This book is really nice and simple to understand. The author, Mike has explained it so well and on to the point. It is detailed and guides well to make sure you manage your business cash well and you take home profit. This is my first book of Mike. I guess this will make me buy more from his collection.
    Report
  • Amazon Customer
    5.0 out of 5 stars Nice
    Reviewed in the Netherlands on October 8, 2023
    Verified Purchase
    Great system to use for starting companies. I enjoyed Reading this book. IT was very clear and easy to read
    Report

Report an issue


Does this item contain inappropriate content?
Report
Do you believe that this item violates a copyright?
Report
Does this item contain quality or formatting issues?
Report