Book Review: Profit First by Mike Michalowicz

in hive-185836 •  2 years ago 

If you’re looking for a book that will help you take control of your finances, Profit First by Mike Michalowicz is a perfect choice. This book provides an easy-to-follow system that will help you manage your money and increase your profits.

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The book starts off by introducing the concept of “Profit First”, which is a system of accounting that puts profit first in all financial decisions. This system works by having you set aside a certain percentage of each sale as profit before allocating the rest to expenses. This helps to ensure that you are always making a profit, even if it’s small.

The book then goes on to provide practical advice on how to implement this system in your business. It covers topics such as setting up separate bank accounts for different types of income and expenses, creating budgets and tracking spending and setting up automated systems to ensure that profits are always taken first. The author also provides helpful tips on how to maximize profits and minimize losses.

Overall, Profit First is an excellent resource for anyone looking to take control of their finances and increase their profits. The author provides clear instructions on how to implement his system, as well as helpful advice on how to maximize profits and minimize losses. Whether you’re just starting out or have been in business for years, this book is sure to be a valuable resource for anyone looking to make more money from their business.

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