Take the first steps to becoming profitable. Start with the first two chapters of Profit First, a proven cash management system created and used by author Mike Michalowicz.
Step One: Take a pre-determined percentage from sales and allot it to profit. It's simple and it works.
Ensure that you, the business owner (aka the most important employee), gets paid just like everyone else does.
Using the 'small plate' philosophy, gain control of your expenses and understand what you can actually afford.
Reduce your stress knowing that your most important obligations are covered... and that you've got money left to spare.
Mike is the entrepreneur behind three multimillion dollar companies and is the author of Profit First, The Pumpkin Plan and what BusinessWeek deemed the entrepreneurs cult classic, The Toilet Paper Entrepreneur. He is a former small business columnist for The Wall Street Journal, speaks internationally on entrepreneurial topics, and is the creator of the Profit First method.
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