Ceo Warrior Podcast With Mike Agugliaro
Taking Your Profit First with Mike Michalowicz
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:31:22
- More information
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Synopsis
By his 35th birthday MIKE MICHALOWICZ (pronounced mi-‘kal-o-wits) had founded and sold two multi-million dollar companies. Confident that he had the formula to success, he became an angel investor…and proceeded to lose his entire fortune. Then he started all over again, driven to find better ways to grow healthy, strong companies. Among other innovative strategies, Mike created the “Profit First Formula”, a way for businesses to ensure profitability from their very next deposit forward. Main Questions Asked: Give us some insight into profit. Tell us about the hope method. What your favourite piece of the pumpkin plan? Tell us about Clockwork. Key Lessons Learned: Profit First The fundamental flaw business owners make is they try to comply with what the experts say instead of channelling their natural behaviour. Profit First is a bank based accounting system. By setting up multiple accounts with different names, you know the allocated use of that money before you spend it, therefore you spend money more wis