Episode #056: Mike Michalowicz on the Profit First Formula that will Transform Your Business into a Money-Making Machine

Mike Michalowicz

By his 35th birthday, Mike Michalowicz had founded and sold two multi-million dollar companies.

Confident that he had the formula for success, he became an angel investor…and proceeded to lose his entire fortune. Ouch!

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 The Pumpkin Plan, and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.”

His latest book is called Profit First: A Simple System to Transform any Business from a Cash-Eating Monster to a Money-Making Machine.

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In today’s episode, Mike will share:

  • Why he believes Generally Accepted Accounting Principles are Killing Your Business
  • The steps you need to take to get your business profit ready
  • Simple solutions for “destroying” debt once and for all
  • And much more!

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Mike Michalowicz in Action

Mike’s New Book

You can order your copy of Profit First: A Simple System to Transform any Business from a Cash-Eating Monster to a Money-Making Machine right now.

Books Mike Recommends

Scientific Advertising by Claude Hopkins

Quiet: The Power of Introverts in a World that Can’t Stop Talking by Susan Cain

Moonwalking with Einstein by Joshua Foer

Mike Michalowicz Resources

The best place to find out more about Mike is at his personal website and blog.

Go here for all of Mike’s book-related resources.

Mike mentioned the Profit First Professionals website

Follow Mike on Twitter…@MikeMichalowicz.

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Would you consider clicking the link below and tweeting it? I’ll notice it, thank you and tell my followers how wonderful you are. And Mike just might do the same.

 Transform your business into a money-making machine! Check out @THEjeffbrown and @mikemichalowicz: http//readtoleadpodcast.com/056

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