Episode 368: A Better Way to Profit First with Mike Michalowicz

Not Your Average Financial Podcast™

In this episode, we ask:

• Have you ever wished you were just average?
• Are you a business owner?
• Why do some business owners thrive and others merely survive?
• What if it were easy to become profitable?
• Who is Mike Michalowicz?
• What is the commercial that changed Mike’s life direction?
• What happened when Mike was in overwhelming debt?
• What is Parkinson’s law?
• What about doing fewer things, better and faster than ever?
• What about making the (scary) choice to take profit first?
• What did Mike realize?
• What about cost cutting?
• What about growth?
• How did Mike flip the (Sales-Expenses=Profits) formula to (Sales-Profit=Expenses)?
• Would you like to hear Episode 165?
• How might one implement Profit First?
• What is a behavioral intercept?
• How might we set up a system to drive the results we want?
• What are the core elements?
• What is the vault?
• What about blending the Bank on Yourself® strategy and Profit First?
• What are the pitfalls?
• What about Occam’s razor?
• What about leveraging your natural tendencies?
• What are Mike’s four healthy habits?
• Did you know that Brandon Neely and Amanda Neely are Certified Profit First Professionals?
• What is a Certified Profit First Professional? Would you like to visit profitfirstprofessionals.com?
• What about Mike’s latest book, All In?
• What do your clients want more than anything else?
• What are the takeaways?
• Which one of these actions will you take this week?

Mike Michalowicz is an investor, active partner in multiple companies and a prolific author. His bestselling book, Profit First, has sold more than one million copies.

Mike is a former small business columnist for The Wall Street Journal, and he launched three multi-million dollar companies before his 35th birthday.

If you enjoyed reading Profit First, you may also enjoy his other books, including All In, The Pumpkin Plan, Clockwork, Fix This Next, Get Different, My Money Bunnies, Surge and The Toilet Paper Entrepreneur.