EP40: Profit First with Mike Michalowicz

Author, lecturer and fellow podcaster Mike Michalowicz bucks the traditional formula most business owners follow which is taking profits last after paying everybody else first.  He believes one of the keys to success in business is actually taking profits first.  Having founded and sold multi-million dollar businesses in his career Mike shares lessons he’s learned and a formula that you can start implementing right now for immediate business success!
Mike discusses:

• Why Profit First in business
• How the fiscally elite run their business
• The baby steps of implementing this practice in your business
• His successful background in business
• Riding the roller coaster of business
• Why this is a viable concept to use in your business
• Steps to start taking Profit First
• Challenges as Enemy or Energy
• His lowest underdog moment in business
• Whether to pivot or not in business
• His mission in business
• The concept of Entrepreneurial Poverty
• How to start today

Resources:

• mikemichalowicz.com
• Profit First by Mike Michalowicz
• Twitter, IG, YouTube @MikeMichalowicz
• Facebook @MikeMichalowiczFanPage