Summary: Profit First

The must-read summary of Michael Michalowicz's book: "e;Profit First: A Simple System to Transform Any Business from a Cash Eating Monster to a Money-Making Machine"e;.This complete summary of the ideas from Michael Michalowicz's book "e;Profit First"e; introduces the Profit First Approach. According to Michalowicz, this approach means prioritising profit, instead of leaving it as an afterthought. By following this approach, you can secure your profits and run your business on the remaining cash.There are four steps to install the Profit First Approach:1. Draw a line in the sand2. Set up your Profit First system3. Use Profit First to destroy debt and optimise your business4. Integrate some advanced techniques into your Profit First systemAdded-value of this summary:* Save time * Prioritise your company's profits* Make your company permanently profitableTo learn more, read "e;Profit First"e; and get your business profit-ready!