Quotes from Profit First

Posted on 2/3/2020, 4:22:21 AM

“All revenue is not the same. If you remove your worst, unprofitable clients and the now-unnecessary costs associated with them, you will see a jump in profitability and a reduction in stress, often within a few weeks. Equally important, you will have more time to pursue and clone your best clients.”

― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine


“A financially healthy company is a result of a series of small daily financial wins, not one big moment. Profitability isn’t an event; it’s a habit. WHY”

― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine


“Profit is not an event. It's a habit.”

― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine


“Small, repetitive, continuous actions, chained together, build momentous momentum”

― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine


“Putting your nose to the grindstone is a really easy way to cover up an unhealthy business. We think that if we can just work harder, longer, better—if we can just hold out—something good will happen one day.”

― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine


“You are no longer asking, “How can I make my business bigger?” You are asking, “How can I make my business healthier?” WHAT”

― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine


“The old, been-around-forever, profitless formula is: Sales – Expenses = Profit The new, Profit First Formula is: Sales – Profit = Expenses The math in both formulas is the same. Logically, nothing has changed. But Profit First speaks to human behavior—it accounts for the regular Joes of the world, like me,”

― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine


“A lack of profitability is consistently the major reason cited for business discontinuation.”

― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine


“Working on your business is about building systems. Period. An entrepreneur is someone who finds the solutions to opportunities and problems and then builds systems to consistently deliver those solutions through other people or things. However,”

― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine


“We assume that multimillion-dollar companies are turning big profits, but it’s rare to find a truly profitable business.”

― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine


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