Author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability.
Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that:
· Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances.
· A small, profitable business can be worth much more than a large business surviving on its top line.
· Businesses that attain early and sustained profitability have a better shot at achieving long-term growth.
With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.
Author - Mike Michalowicz
Number of Pages - 224
Format - Hard Cover
Publisher - Penguin Adult HC/TR
Published - 2017-02-21
Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that:
· Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances.
· A small, profitable business can be worth much more than a large business surviving on its top line.
· Businesses that attain early and sustained profitability have a better shot at achieving long-term growth.
With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.
Author - Mike Michalowicz
Number of Pages - 224
Format - Hard Cover
Publisher - Penguin Adult HC/TR
Published - 2017-02-21
Additional Information
- SKN: 472522
- ID: 94C169AE
- UPC: 9780735214149
- MFR Number: 5214149
- Ship to Quebec: Yes
- Toysrus Recommended Age: 14 - 20 years
- Language: English
Assembly
- Item Height: 0.80 inches
- Item Length: 9.30 inches
- Item Weight: 0.86 lbs
- Item Width: 6.20 inches
<ul id="BVSEOSDK_meta" style="display: none !important;">
<li data-bvseo="sdk">bvseo_sdk, dw_cartridge, 18.2.0, p_sdk_3.2.0</li>
<li data-bvseo="sp_mt">CLOUD, getReviews, 4ms</li>
<li data-bvseo="ct_st">reviews, product</li>
<li data-bvseo="ms">bvseo-msg: Unsuccessful GET. status = 'ERROR', msg = 'Not Found.'; Unsuccessful GET. status = 'ERROR', msg = 'Not Found.';</li>
</ul>
<ul id="BVSEOSDK_meta" style="display: none !important;">
<li data-bvseo="sdk">bvseo_sdk, dw_cartridge, 18.2.0, p_sdk_3.2.0</li>
<li data-bvseo="sp_mt">CLOUD, getContent, 15ms</li>
<li data-bvseo="ct_st">questions, product</li>
<li data-bvseo="ms">bvseo-msg: Unsuccessful GET. status = 'ERROR', msg = 'Not Found.';</li>
</ul>
SKN: 472522
Website Price:
$36.00
Free Store Pickup
Home Delivery:
Delivery postal code:
L4K 5R5
Get it Fast
Ship to an Address
Enter postal code to see availability
Currently Credit Card is the only form of payment supported for pre-orders.
Nearest Stores
Selected Store
Free Shipping. Shop Toys”R”Us, Babies”R”Us & The HMV Shop in 1 easy checkout!
Our recommended Age: 14 - 20 years