Profit First: A Strategy to End Entrepreneurial Poverty – Mike Michalowicz

Mike Michalowicz, author of Profit First, is a man on a mission: Eradicate Entrepreneurial Poverty! In 2008, Mike lost everything through what he calls arrogance & ignorance. Listen as Mike recounts his story of how his 9-year-old daughter wanted to 'provide for her family'.   WHAT WE DISCUSSED IN THIS INTERVIEW: Mike Michalowicz's "Profit First" is recommended for your accountant to enhance business profitability. Over 300 certified Profit First accountants work globally with entrepreneurs. The concept of "Profit First" is discussed in-depth, promising significant life changes. Five essential bank accounts for entrepreneurs are detailed to eradicate entrepreneurial poverty. Debunking the myth "It takes money to make money," learn to profit with less capital. Assessing business health and shifting to a Profit First mindset are crucial. Key topics: profitability over revenue, cash equity, managing built-up profit, and sustaining a 4-week vacation. "Clockwork" teaches business self-sustainability and removing the owner from daily operations. Mike Michalowicz Books Clockwork: Design Your Business to Run Itself The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine. The Toilet Paper Entrepreneur: The Tell-It-Like-It-Is guide to cleaning up in business, even if you are at the end of your Roll. Surge: Time the Market Place, Ride the Wave of Consumer Demand, and Become Your Industry's Big Kahuna   SIGN UP FOR OUR NEWSLETTER If you’d been receiving the EMS Pulse newsletter and the weekly Expat Sunday Times, you would have already read the basics of today's story! Sign up now, and you’ll also receive my FREE special report, “Plan B Residencies and Instant Citizenships.”   CONCLUSION What a really nice guy Mike Michalowicz is. He really is a man on a mission: To Eradicate Entrepreneurial Poverty. What a fantastic goal. We both agree that failure does not have to be an option and there are teachers that truly want the best for you and your business, and Mike is one of these guys! He has a lot to teach Entrepreneurs and I highly recommend his methods.   Mentioned in this episode: TICKETS NOW ON SALE Join us March 14-15th, 2025, live in Panama City for the Wealth, Freedom & Passports Conference. Take your Plan-B to the next level; tickets are limited. Wealth, Freedom & Passports Conference TICKETS NOW ON SALE Join us March 14-15th, 2025, live in Panama City for the Wealth, Freedom & Passports Conference. Take your Plan-B to the next level; tickets are limited. Wealth, Freedom & Passports Conference