How To Transform Your Business From A Cash-Eating MONSTER To A Money-Making MACHINE w/ Mike Michalowicz
How To Transform Your Business From A Cash-Eating MONSTER To A Money-Making MACHINE w/ Mike Michalowicz  
Podcast: Action Academy | Build Wealth. Buy Assets. Leave Corporate.
Published On: Tue May 23 2023
Description: Mike Michalowicz is the Best Selling Author of "Profit First" Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that:· Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances.· A small, profitable business can be worth much more than a large business surviving on its top line.· Businesses that attain early and sustained profitability have a better shot at achieving long-term growth.https://mikemotorbike.comWant To Build $10-30k+ / mnth of cashflow you OWN? Inside our community Action Academy [w/ over 700 members & $428M in deals done in 2025 alone ] we help high performers escape corporate America through buying small businesses and commercial real estate. Click this link to book a one-on-one discovery call with our membership director and become the next success story on our podcast!Follow Me As I Travel & Build:IG @brianluebbenActionAcademy.comResults vary and are not guaranteed. $428M reflects aggregate member-reported acquisition value during 2025, not earnings or cash flow. Action Academy provides education and community, not legal, tax, financial, or investment advice.