Episode #056: Mike Michalowicz on the Profit First Formula that will Transform Your Business into a Money-Making Machine

By his 35th birthday, Mike Michalowicz had founded and sold two multi-million dollar companies.
Confident that he had the formula for success, he became an angel investor…and proceeded to lose his entire fortune. Ouch!
Then he started all over again, driven to find better ways to grow healthy, strong companies. Among other innovative strategies, Mike created the “Profit First Formula”, a way for businesses to ensure profitability from their very next deposit forward.
Mike is now running his third million dollar venture, is a former small business columnist for The Wall Street Journal; is the former MSNBC business make-over expert; is a popular keynote speaker on innovative entrepreneurial topics; and is the author of The Pumpkin Plan, and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.”
His latest book is called Profit First: A Simple System to Transform any Business from a Cash-Eating Monster to a Money-Making Machine.
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In today’s episode, Mike will share:

* Why he believes Generally Accepted Accounting Principles are Killing Your Business
* The steps you need to take to get your business profit ready
* Simple solutions for “destroying” debt once and for all
* And much more!


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