A review by stenaros
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine, by Mike Michalowicz
5.0
I'm starting my own business (Keen Eye Copyediting & Beta Reading, 3SMReviews.com) and there is so much to learn. Among the many things I have low-grade anxiety about: where should the money go?
How to ensure that I have enough put by for taxes, for expenses, and to allocate for my own pay for my work?
Mike Michalowicz has a plan. He wants all small business owners to put profit first. This book provides a solid framework for the financial architecture of your business. If you are starting a new business, it should be on your reading list. If you have a business, but feel like you never make any money, this book should be on your reading list. Or maybe you should start reading it. Today.
Also, if you already use YNAB, you will have a basic understanding of the Profit First system. And also probably enough skills that will let you skip opening all the bank accounts.
How to ensure that I have enough put by for taxes, for expenses, and to allocate for my own pay for my work?
Mike Michalowicz has a plan. He wants all small business owners to put profit first. This book provides a solid framework for the financial architecture of your business. If you are starting a new business, it should be on your reading list. If you have a business, but feel like you never make any money, this book should be on your reading list. Or maybe you should start reading it. Today.
Also, if you already use YNAB, you will have a basic understanding of the Profit First system. And also probably enough skills that will let you skip opening all the bank accounts.