Home Books Revenue First: Rework Your Enterprise from a Money-Consuming Monster to a Cash-Making Machine

Revenue First: Rework Your Enterprise from a Money-Consuming Monster to a Cash-Making Machine

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From the Writer

Profit is not an event. Profit is a habit. Mike MichalowiczProfit is not an event. Profit is a habit. Mike Michalowicz

THREE STEPS TO PERMANENT PROFITABILITY

Image for Profit First by Mike Michalowicz. It shows a money bag turning into dollar bills.Image for Profit First by Mike Michalowicz. It shows a money bag turning into dollar bills.

Image for Profit First by Mike Michalowicz Image for Profit First by Mike Michalowicz

Image for Profit First by Mike Michalowicz. It is a drawing of a flower in a person's palmImage for Profit First by Mike Michalowicz. It is a drawing of a flower in a person's palm

CHANNEL BEHAVIOR

Most entrepreneurs run their enterprise by way of “login and see what you’ve obtained – financial institution stability accounting.” Should you do this, too… congratulations! Revenue First was made for you.

Revenue First is a money administration system that works along with your financial institution accounts. The do-it-yourself course of pre-allocates cash to its supposed use earlier than you spend it. If you log into your financial institution, you’ll know what cash is out there for what function.

REMOVE TEMPTATION

Identical to the 401k has been the best private financial savings mechanism in US historical past, Revenue First leverages the identical “pay your self first” precept. First, your small business will deduct its revenue and switch the cash away out of your main financial institution to stop the enterprise from “borrowing from it.”

With the temptation to run your small business from its income eliminated, you’ll routinely function your small business in a fiscally sound method.

REWARD QUARTERLY

As revenue accumulates, the proprietor(s) of the enterprise will take a quarterly revenue distribution. The income usually are not “plowed again” or “reinvested” into the enterprise – or they need to be reclassified as bills. As a substitute, the income are used to reward the proprietor(s).

Some companies have debt, in fact. Utilizing the Revenue First system, parts of revenue distributions can be utilized to repay chunks of debt, however some should stay to reward the proprietor(s). With Revenue First, you win. Each quarter.

Image of author Mike MichalowiczImage of author Mike Michalowicz

ABOUT MIKE MICHALOWICZ

After constructing and promoting two multi-million greenback companies, Mike Michalowicz (pronounced mi-‘kal-o-wits) began his third firm and… misplaced his whole fortune. Then he began yet again, pushed to seek out higher methods to develop wholesome, robust corporations. Mike has devoted his life to the analysis and supply of progressive entrepreneurial methods to his readers.

Mike is the creator of Revenue First, which is utilized by over a million corporations throughout the globe to drive everlasting revenue. He’s additionally the creator of Clockwork (small enterprise techniques), Repair This Subsequent (small enterprise technique), Get Completely different (small enterprise advertising), The Pumpkin Plan (small enterprise progress), and All In (small enterprise groups).

If there will ever be a patron saint for entrepreneurs, Mike Michalowicz is a contender —Simon SinekIf there will ever be a patron saint for entrepreneurs, Mike Michalowicz is a contender —Simon Sinek

Mike Michalowicz is the authority on small business successMike Michalowicz is the authority on small business success

Mike Michaelowicz is a brilliant business mind. — Sally HogsheadMike Michaelowicz is a brilliant business mind. — Sally Hogshead

YOUR GUIDE TO ENTREPRENEURIAL SUCCESS
I wish to do the RIGHT issues! I wish to MARKET higher than ever! I wish to get my TIME again! I wish to GROW quick and powerful! I wish to LEAD an unstoppable crew!

ASIN ‏ : ‎ 073521414X
Writer ‏ : ‎ Portfolio; Reissue version (February 21, 2017)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 224 pages
ISBN-10 ‏ : ‎ 9780735214149
ISBN-13 ‏ : ‎ 978-0735214149
Merchandise Weight ‏ : ‎ 14.4 ounces
Dimensions ‏ : ‎ 6.2 x 0.8 x 9.3 inches

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