Podcast Episode #89
Today’s Guest
Mike Michalowicz
By his 35th birthday, MIKE MICHALOWICZ (pronounced mi-‘kal-o-wits) had founded and sold two multi-million dollar companies.
Confident that he had the formula to success, he became an angel investor…and proceeded to lose his entire fortune. 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 Profit First, Surge, The Pumpkin Plan and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.”
Website: mikemichalowicz.com
Make Your Business Profit First
Step 1: Set up multiple bank accounts and allocate the funds based on percentage.
Step 2: Determine your allocation frequency and sequence.
Step 3: Remove any temptation.
Step 4: Get into the rhythm and stick to it.
Thank you for listening!
Thanks for joining us for this episode. Do you have any questions or feedback you’d like to share? We’d love to hear it! Let us know in the comments section below.
If you enjoy listening to this podcast, please share it on Facebook and leave an honest review on iTunes. We’d love to know what you think.
Remember – the next system we share could be just the one you been looking for, so subscribe on iTunes so you can get the latest episodes as soon as they’re published.
About The Show
Business Processes Simplified
We interview industry experts and have them share their best small business systems and processes. This is the quickest, easiest and most efficient way to build a systems centered business.
Latest Episodes
EP 92: The Power Principles of Time Mastery with Walt Hampton, J.D.
Podcast Episode #92 We are taught to work harder, longer and faster, in order to achieve most with the time we have. The system reveals the main principles behind time mastery, which will help you to become a master of yourself and how you show up in time in the long...
EP 91: The 5-Step System For Creating A Culture of Positivity, Productivity, and Profitability with JoAnna Brandi
Podcast Episode #This system addresses the issues revolving around employee retention. The five-step system for creating a culture of positivity, productivity, and profitability believes that keeping your employees happy is important to keep your employee's...
EP 90: The System To Grow A Multi-Million Dollar Digital Agency & Sell It with Jason Swenk
Podcast Episode #90This system helps agency owners to have clear goals and a predictable pipeline. It provides a step-by-step demonstration of how agency owners can focus on defining their goals to make better business decisions.Today's Guest Jason Swenk Fresh out of...
