The Profit First System with Mike Michalowicz

The idea of "Profit First" is to instil a behaviour-based cash management system — a system for managing cash that ensures profitability, by putting profitability first. In the simple equation sales minus expenses equals profit, profit comes last. Mike's theory is if you treat profit as something that comes last, it becomes insignificant. Profit First is a behavioural mechanism that prioritises profitability, ensures sustained profitability and facilitates growth.

Om Podcasten

Most business owners avoid documenting their core business processes (even though they’re key to building a business that works without them) so we decided to do if for them. We interview industry experts and have them share their best small business systems and processes. Our team then converts those interviews into procedure templates that you can duplicated, customised and deployed within your business. It’s the quickest, easiest and efficient way to build a systemised business.