Reviews

Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine by Mike Michalowicz

opreismetco's review against another edition

challenging informative inspiring

4.0

kmschmitz2's review against another edition

informative inspiring slow-paced

madamodoherty's review against another edition

3.0

Mike Michalowicz keeps a sensitive subject light hearted. Rebuilding a financial management process is not easy; Though, he tailored it for company owners and C-Suite Executives big and small. Meaning, you can’t hand this book to your accountant or bookkeeper and say “Beam me up, Scotty.” No, this is a financial system for non financial professionals. You are responsible for building, managing, and monitoring this system. In fact, ‘Get Real with your Accountant’ is the last action step.

esthery_rn's review against another edition

hopeful informative inspiring

5.0

This book is life-changing. I took notes and implemented the Profit First concept. It’s kind of like Dave Ramsey envelopes and setting aside the important stuff first—except with business money. Because you set aside your profit and taxes first, you won’t see it as “available” and decide to increase your operating expenses. My business has been fulfilling as I help people recover their health, but my business has never brought home an income. That will change starting now.

apike's review

3.0

A lot of people have recommended me this book over the years. It may have been helpful when I was first starting out in business, since it’s aimed at self-employed people struggling to take a consistent salary from their business, running things on a cash basis. In my case, my co-founder and I have long paid ourselves a salary and I am reasonably up on our business’ accounting metrics and reports, so I didn’t get a lot from the suggestions and approaches in this book.

dyanna's review against another edition

5.0

Business saving concept

dmpadre's review against another edition

informative lighthearted fast-paced

3.0

becca_slush's review against another edition

hopeful informative slow-paced

5.0

angelamichelle's review against another edition

4.0

I am drinking the PF kool-aid. I have overhauled my bookkeeping in line with this book and am super excited about it. And I’m not a numbers gal. Then I bought another Mike M book.

serpemom5's review against another edition

challenging informative inspiring reflective medium-paced

5.0

This book opens your eyes to the possibility of a better financial life in business and personal. HIGHLY recommend!