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#107 Profit First: Transform Your Business into a Money-making Machine with Mike Michalowicz
Archived series ("Inactive feed" status)
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This feed was archived on July 24, 2020 15:11 (
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Manage episode 203608574 series 82434
Content provided by Matt Wilson and Matt Wilson: Entrepreneur. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Matt Wilson and Matt Wilson: Entrepreneur or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Mike Michalowicz (pronounced mi-‘kal-o-wits) had founded and sold two multi-million dollar companies by his 35th birthday. 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.
Mike is now running his third million dollar venture, is a former small business columnist for The Wall Street Journal; is the former MSNBC business make-over expert; is a popular keynote speaker on innovative entrepreneurial topics; and is the author of Profit First, Surge, The Pumpkin Plan and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.”
Our episode today is all about creating profit in your company by implementing the profit first system. Mike explains the action steps needed to start setting aside profit immediately.
Mike also shares why profit is necessary and important, and how to put a system in place so that we aren’t spending more money as more money comes in.
Mike leaves listeners with the advice, “Set up that one bank account. Do it today. Go to your bank, get one account set up for profit. Start allocating 1% of what flows into your accounts towards profit.”
Get the full show notes on the Under30Experiences Blog.
180 episodes
#107 Profit First: Transform Your Business into a Money-making Machine with Mike Michalowicz
Live Different Podcast: Business | Travel | Health | Performance
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Archived series ("Inactive feed" status)
When?
This feed was archived on July 24, 2020 15:11 (
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 203608574 series 82434
Content provided by Matt Wilson and Matt Wilson: Entrepreneur. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Matt Wilson and Matt Wilson: Entrepreneur or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Mike Michalowicz (pronounced mi-‘kal-o-wits) had founded and sold two multi-million dollar companies by his 35th birthday. 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.
Mike is now running his third million dollar venture, is a former small business columnist for The Wall Street Journal; is the former MSNBC business make-over expert; is a popular keynote speaker on innovative entrepreneurial topics; and is the author of Profit First, Surge, The Pumpkin Plan and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.”
Our episode today is all about creating profit in your company by implementing the profit first system. Mike explains the action steps needed to start setting aside profit immediately.
Mike also shares why profit is necessary and important, and how to put a system in place so that we aren’t spending more money as more money comes in.
Mike leaves listeners with the advice, “Set up that one bank account. Do it today. Go to your bank, get one account set up for profit. Start allocating 1% of what flows into your accounts towards profit.”
Get the full show notes on the Under30Experiences Blog.
180 episodes
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Similar to Live Different Podcast: Business | Travel | Health | Performance
Hosts Isaac Butler, Ronald Young Jr., and June Thomas interview creative people about how they write, compose, paint, and more.
…
continue reading
1
Life By Design Podcast
Dr. Jamie Richards and Dr. Kresimir Jug discuss health, performance, paleo, crossfit, training, boosting your energy, fat loss, diet, exercise and positive thinking.
We believe that every human being is designed to be extraordinary. That means you reading this right now… yes you! Have you ever been scared about the health of a loved one, or about the health of your children? Have you ever felt hopeless about your health and wondered… “I’ve been doing everything they have told me to do… why am I not healthier”? If you are at all interested in health, life, success, and happiness, this podcast is for you. Dr. Jamie Richards and Dr. Kresimir Jug never shy a ...
…
continue reading
Career Tools is a weekly podcast focused on specific actions you can take to grow and enhance your career, whether you are a manager or not. Career Tools won the Podcast Awards Best Business podcast in 2010 and was nominated every other year it has been eligible. Whether you are interested in jump-starting a stalled career, or sharpening your edge, Career Tools is the podcast for you. Go to http://www.manager-tools.com/testimonials to read what others are saying about the impact Career Tools ...
…
continue reading
Today's most successful leaders share their incredible stories and life lessons to help you get the life you want in the areas of health, wealth, relationships and personal growth. Every show is jam packed with actionable tips and insights that will propel you forward to become the man you want to become. Join us at knowledgeformen.com for recaps of every interview as well as an incredible gold mine of resources to help you live better. Prepare to become the most powerful version of yourself!
…
continue reading
A daily show for everyone who works a regular job and wants to start an income-earning project on the side. In each episode, listeners will hear a different story of someone who's started a side hustle—along with what went well, how that person overcame challenges, and what happened as a result. The show is written and hosted by Chris Guillebeau, the New York Times bestselling author of The $100 Startup, The Happiness of Pursuit, and other books.
…
continue reading
Where real startup founders pitch to real investors—for real money. Forget everything you think you know about the world of venture capital. Host Josh Muccio takes listeners behind closed-doors and into the room where deals are made. Part of the Vox Media Podcast Network.
…
continue reading
For more than a decade, Erik Fisher has sat down with productivity experts, authors, and creatives as they share their insights on how to implement productivity strategies in both your professional and personal life. Our goal is to help you gain perspective, practical knowledge, and productivity insights for living a whole life that goes Beyond The To Do List.
…
continue reading
Save more and spend less is more than just a motto for money expert Clark Howard; it’s a way of life. Clark and his crew — Team Clark — are on a mission to empower people to take control of their personal finances by providing money-saving tips, consumer advice, hot deals and economic news to help everyone achieve financial freedom. Clark is a nationally syndicated radio talk show host and a consumer reporter for television stations around the country. His podcast, The Clark Howard Show, rec ...
…
continue reading
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