PROFIT FIRST by Mike Michalowicz | Core Message
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- เผยแพร่เมื่อ 11 ก.ย. 2024
- 1-Page PDF Summary: bit.ly/3O7QqaK
Book Link: amzn.to/3B4HJIm
FREE Audiobook Trial: amzn.to/2ypaVsP
Animated core message from Mike Michalowicz's book 'Profit First.'
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Best summary of this book. Especially because you use examples from other books like Atomic habits and everything makes so much more sense now.
Solid video. Easy to understand. Simple. Clear. Keep up the great work!
*Don't be afraid to start all over again.*
*This time you are not starting from scratch.*
*You are starting from experience.* 📚
This is great advice!
Deep x
✊️✊️✊️
People need to apply this procedure to their personal budgets as well
I read this book a few years ago and wanted a quick summary of it. Thank you! Your visual aids and analogy are great!
*”When something is important enough, you do it even if the odds are not in your favor.” - Elon Musk*
Wow! This is so valuable. Thank you so much Productivity game.
Honestly it changed the way I look at life
This was extremely helpful! I read the book and still had a very difficult time understanding the concept. This nailed it! I know exactly what to do now! Thank you so much! I appreciate you!
me to
Nathan wow, that was awesome. Thanks a million. Stay blessed 🤗👍
Nathan you are the best summary presenter! Thanks for your great service & contribution!
Thank you for the explanation! It was very clear to me and it motivates me to read the book.
Dear lovely person that's reading this, we may not know each other but I wish you all the best in life! ✨
I believe in you! Love - Nat ❤️
Right back at ya! Much success to you!
Really glad I watched this. Thanks again for another amazing summary!
Super helpful. Thank you!
Serendipity- I’m in the 10k small business program and this book was brought up as a must read in one of our group discussions. Feel very pleased to have been able to so quickly get this overview. Thank you!
Good luck with your business!
Hi Lisa, what group are in you ?
@@chantellecampbell8709 oh my goodness I think cohort 25
this video comes just in time! Thanks for your summary!
Wow I didn't know that Parkinson's law applied to money or food!
I always thought it applied to time, but now that I think about it - it does apply to other aspects of life.
Wow... thats so organised way of implementing Profit First... Thank you for sharing especially the 1 Page Summary :)
LOVE YOUR VIDEOS. Thanks for making such great summaries.
Thank you! 1st time I've found you and have already subscribed!🎉
Great review. Great presentation. Great narration. Thank u!
Work as hard as possible in one thing and see what happens.
_~Jordan Peterson_
*I wish you the best in your life my friend. I am cheering for you...* 🙂
Thank you for the summary! I need to do this. I have a 300k business but once the smoke clears there is very little left for myself.
Very well summarized. Subscribed.
Nice summary! Saved me hours of reading
Really useful Nathan, thanks for your ongoing efforts. 👌
Gee, thanks for this summary! So helpful.
Well done. That was good, i am doing similar atm and this will help streamline it
Thank you. Very good.
Very Useful!
like so often, great job Mr.
Great video. 💯👏👍 Explained well
Great summery Nathan! Keep it up!
Thank you for the chart of his findings of the two tiers sizes of healthy businesses' allocation buckets. Much appreciated.
Thank you!
Love this book
Thank you Nathan. I appreciate the work you do for us...
Also read, The Richest Man in Babylon
How would this work for a one-man business selling books on Amazon?
Thumbs up and Subscribed. 👍
Scarcity drives innovation.
Great job. Thanks ;)
Great video! In regards to the 5 bank accounts, are all 5 accounts owned by the business or would the Comp or Owner account be your personal bank account?
Super practical
Phenomenal
🙏🏼✨🙏🏾 3:30
This was awesome. Im reading the book and this is so much easier and faster lol.
Do we open up the other accounts still as business accounts, correct?
Business profit account, business OPex acct and etc? I read to get an account that doesnt charge monthly fees.
I hope you will create for business adventures
I think you should increase your volume a little bit.
Does Mike make any mention on business partners in the book? Does this affect % split in any way?
just implemented this in my business.
An year later, how did it go? Did it really work?
Great 👌
Dope.
Please do Traction by Gino Wickman
Thanks in advance!
May you be brilliant
I would like more insite
Please make video on power book
The pdf link isn’t for Profit First
Sooooo I need 7 bank accounts (each costing a monthly fee) and start allocating to each of them.................makes complete sense 🙄 Can you imagine doing your tax return and having to deal with 7 bank accounts......not for me I'm afraid
👍 😎 nice
What to do with that profit money??
Could you tell me more about what it is COMP?
Salary
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@@tonyhooyer8997 message 👆🏼
Notes and Vocabulary:
Sales
Revenue
Capital
Profit
Expense
Budget
Operating budget
Lose a smaller plate= constraint your operating budget
The 4 business accounts:
Operating expenses: rent, supplies; software, marketing, staff
We are more resourceful when we need to be: force yourself to do with a smaller budget: how can we do this with 1/3 of the cost
Serve sequentially
Profit= nutrient dense salad : peace of mind (emergencies), highly rewarding, clear metric.
Even if "you can't take profit" start small like 1%
3. Remove temptation
4. Enforce a rhythm:
One minute scan of 5 bank accounts on 1st and 15th of each month: income, opex, comp, tax, profit
The link for PDF file doesn't work :)
Should work now. Please try again
🙏👍👍
Profit first in a nutshell
At first i was thinking. Ahhh... another reduce your cost/bootstrap advice. But is actually profound and more than that. Take 1% profit.
🙏""Wating for that kinds of who brother support me ""😭😭😭🙏🙏🙏.........
Profit is a metric for wealth creation. If you can’t make a profit in business you’re not creating value for society.
This only works if there's a profit
There's always Profit in Profit first
@waytogo11 lol not sure you understand what I mean. If the business is not making sales and the expenses are higher than the income, there's no profit.
Example: my lemonade stand cost me $20 a day for lemons, cups and ice etc.
If I don't sell he lemonade at the right price or simply don't sell much lemonade, there's no profit.
U block me destroy my career harmzaade.. Tum sab mere liye Mar Gaye..