📘 Book Review: Profit First by Mike Michalowicz

💡 What It’s About (in 1 minute):Profit First flips traditional business accounting on its head. Most businesses use the formula:

Sales – Expenses = Profit

Mike says NOPE. Do this instead:

Sales – Profit = Expenses

That means you take your profit first—then run your business with what’s left. It sounds small, but it changes everything.

👀 Why It’s Worth Reading:Most small businesses don’t make a real profit—even when they look busy. Mike’s system helps you stop that fast. It’s simple, doesn’t need fancy software, and you can start today.

💥 Best Parts:

• Uses real bank accounts (not complicated spreadsheets)

• Helps you stop wasting money

• Gives you control and peace of mind

• Works great for home service businesses, restaurants, and local shops

✅ 3 Quick Action Steps:

1. Open 5 bank accounts: Income, Profit, Owner's Pay, Taxes, and Operating Expenses

2. Transfer money every time you get paid (based on % you set)

3. Cut expenses if your Operating account runs low—don’t touch Profit!

⭐ 1-Sentence Summary:Profit First helps small business owners pay themselves first and finally make their business work for them.

Want a simple example breakdown for home service businesses?

Buy