profit first

Peace of Mind – and Money

 I know I seem pretty happy-go-lucky these days, but once upon a time, I was the poster child for financial stress. After selling a couple of businesses, I thought...

Your Money and Emotions – Breaking the Money Shame Cycle with Profit First

Not everyone talks about it, but everyone feels it: managing money is a source of anxiety.  It's easy to feel like your self-worth is tied to your business's bottom line....

The Profit-First Transformation: A Personal Journey

Once upon a time, I was a small business angel investor… and lost everything. When I met Debbie Horovitch at a speaking engagement, her struggles resonated with me. After going...

“Profit” Isn’t a Dirty Word – Why You Should Master Profit Distribution vs. Owner’s Compensation

 Since writing Profit First, I’ve heard quite a few comments (and eye rolls) over the word, “profit”, itself. This always makes me curious. What’s so bad about making a...

Mastering Profit First: Master Your Percentage Allocations

   At its core, Profit First is all about flipping the script on traditional accounting and prioritizing profit from day one. One of the key pillars of Profit First...

The Profit First Formula Explained

  Man, do I get hassled about  the Profit First formula.  Let me be clear, I do believe following the GAAP (Generally Accepted Accounting  Principles) is important so that when...

Get Out of the Survival Trap – For Good

How many decisions did you make for your business last year? Decisions to solve a problem, fix a mistake, decide whether or not to take advantage of an opportunity, add...

Organizing Your Cash Flow with Mike Michalowicz

 Summer is coming to a close, and for some, it means a big ramp-up into the old routine and the hustle and bustle that goes along with it. But...

Creating Systems for Revenue Goals – And Avoid Being a One-Hit-Wonder

 The pursuit of revenue is a central goal among small business owners. Traditionally, many businesses have focused solely on sales as the primary driver of income. But I'd like...

The Future You

   Here’s a quick question to contemplate: How are you serving your future self?   As much as I like to stay present, I also realize that the decisions I...

Listen to Mike’s podcasts on your favorite app: