Subscribe on These Platforms:
How do you make sure your business stays viable?
As Mike Michalowicz, author of Profit First, would say – the simplest solution is usually the appropriate or best solution.
That’s why Profit First works.
It works with our natural behaviors which is why we see results. It removes the complexity and just focuses on ensuring there's profit stored away. And by doing that, the rest of the business comes into alignment.
Today, we're playing another episode from our past podcast, CPA in Your Corner, where we featured Mike Michalowicz as he talks about the heart and the vision of Profit First.
Profit First is not only a book – it’s a movement!
In this episode, you will hear:
- Why Profit First
- Cutting the fat vs cutting the muscle in your business
- How to effectively handle your inventory cost
- The importance of setting up multiple accounts
- What reinvesting your profit in the business really means
- What happens when you’re underspending and over-saving
- The technique of adding a future employee account
- Why part-time staff could be more productive
- How to destroy debt through profit first
Subscribe and Review
Have you subscribed to our podcast? We’d love for you to subscribe if you haven’t yet.
We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps us out a ton as we seek to bring you topics that you wish to hear more of.
Supporting Resources:
Why Profit First: http://www.thebottomlinecpa.com/profit-first
