A review by minimalist_coach
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine, by Mike Michalowicz
4.0
A must read for any entrepreneur, or small business owner.
I see so many business coaches telling people to scale when they don't have their foundations set, or to strive for that 6 or 7 figure goal, no matter the cost. Growth for growth sakes means nothing. If you can't pay yourself without going into debt, it's time to rethink your strategy.
This book in its most basic form is the envelope budget method for businesses. It shows an easy to understand system to help business owners understand their money and determine which projects or products are turning a profit and which are not.
I see so many business coaches telling people to scale when they don't have their foundations set, or to strive for that 6 or 7 figure goal, no matter the cost. Growth for growth sakes means nothing. If you can't pay yourself without going into debt, it's time to rethink your strategy.
This book in its most basic form is the envelope budget method for businesses. It shows an easy to understand system to help business owners understand their money and determine which projects or products are turning a profit and which are not.