Terry St. Marie
More Human Leadership

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Profit First: Reverse Engineer Your Way To Financial Success

July 20, 2014 Leave a Comment

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more-human-podcast“Profit is not an event, it’s a habit. Profit happens through small wins, strung together.” – Mike Michalowicz

My guest on the latest edition of the More Human Podcast is Mike Michalowicz.  By his 35th birthday Mike 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.

Mike MThen he started all over again, with a new “Profit first” formula. Michalowicz now operates his third million dollar venture, is a former small business columnist for The Wall Street Journal; the former MSNBC business make-over expert; is a keynote speaker on entrepreneurship; and is the author of Profit First, The Pumpkin Plan and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.”

Highlights from our chat include:

  • Mike’s “Humbling Moment” with his daughter, and how it changed his life
  • What’s wrong with the traditional “GAAP” accounting formula
  • Why the “Profit First” formula works with the entrepreneur’s natural behavior
  • How Parkinson’s Law works against business owners
  • The eye-opening Instant Analysis that can transform your business
  • The money management genius of your grandmother
  • How setting profit targets is critical to success

profit firstMy ongoing thanks to Pagatim in Portland for their recording services, and here’s a link to the podcast if you can’t see or use the embed below.

Lead well!

Filed Under: Leadership, More Human Podcast

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