PROFIT FIRST by Mike Michalowicz | Core Message
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- Опубликовано: 1 окт 2024
- 1-Page PDF Summary: bit.ly/3O7QqaK
Book Link: amzn.to/3B4HJIm
FREE Audiobook Trial: amzn.to/2ypaVsP
Animated core message from Mike Michalowicz's book 'Profit First.'
To get every Productivity Game 1-Page PDF Book Summary get here: gum.co/cmOOM
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This video is a Lozeron Academy LLC production - www.ProductivityGame.com
Best summary of this book. Especially because you use examples from other books like Atomic habits and everything makes so much more sense now.
Excellent summary. Thank you.
*Don't be afraid to start all over again.*
*This time you are not starting from scratch.*
*You are starting from experience.* 📚
This is great advice!
Deep x
✊️✊️✊️
*”When something is important enough, you do it even if the odds are not in your favor.” - Elon Musk*
Money is an issue that everyone has for a better and luxurious life Life was hard for me until I started trading bitcoin and am now earning $18,435 per week..
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This is not the first time I am hearing of Mrs Christiana and her amazing trading skills but I have no idea how to get to her.
with the consistent weekly profits I'm getting investing with Mrs Christiana,there's no doubt she is the most reliable in the market. such a genius.....
Don’t doubt Expert Christiana Robert she has brought me out of wrenches and to a better living option and I encourage newbies to trade with her
@@tonyhooyer8997 message 👆🏼
I read this book a few years ago and wanted a quick summary of it. Thank you! Your visual aids and analogy are great!
Dear lovely person that's reading this, we may not know each other but I wish you all the best in life! ✨
I believe in you! Love - Nat ❤️
Right back at ya! Much success to you!
Solid video. Easy to understand. Simple. Clear. Keep up the great work!
People need to apply this procedure to their personal budgets as well
Sooooo I need 7 bank accounts (each costing a monthly fee) and start allocating to each of them.................makes complete sense 🙄 Can you imagine doing your tax return and having to deal with 7 bank accounts......not for me I'm afraid
This was extremely helpful! I read the book and still had a very difficult time understanding the concept. This nailed it! I know exactly what to do now! Thank you so much! I appreciate you!
me to
Wow! This is so valuable. Thank you so much Productivity game.
Honestly it changed the way I look at life
Wow I didn't know that Parkinson's law applied to money or food!
I always thought it applied to time, but now that I think about it - it does apply to other aspects of life.
Nathan wow, that was awesome. Thanks a million. Stay blessed 🤗👍
🙏""Wating for that kinds of who brother support me ""😭😭😭🙏🙏🙏.........
How would this work for a one-man business selling books on Amazon?
Wow... thats so organised way of implementing Profit First... Thank you for sharing especially the 1 Page Summary :)
Really glad I watched this. Thanks again for another amazing summary!
Thank you for the explanation! It was very clear to me and it motivates me to read the book.
I hope you will create for business adventures
Work as hard as possible in one thing and see what happens.
_~Jordan Peterson_
*I wish you the best in your life my friend. I am cheering for you...* 🙂
LOVE YOUR VIDEOS. Thanks for making such great summaries.
Also read, The Richest Man in Babylon
Great video! In regards to the 5 bank accounts, are all 5 accounts owned by the business or would the Comp or Owner account be your personal bank account?
This was awesome. Im reading the book and this is so much easier and faster lol.
Do we open up the other accounts still as business accounts, correct?
Business profit account, business OPex acct and etc? I read to get an account that doesnt charge monthly fees.
this video comes just in time! Thanks for your summary!
Thank you! 1st time I've found you and have already subscribed!🎉
Does Mike make any mention on business partners in the book? Does this affect % split in any way?
Super helpful. Thank you!
Really useful Nathan, thanks for your ongoing efforts. 👌
Thank you for the summary! I need to do this. I have a 300k business but once the smoke clears there is very little left for myself.
Well done. That was good, i am doing similar atm and this will help streamline it
Please do Traction by Gino Wickman
Thanks in advance!
I would like more insite
Great review. Great presentation. Great narration. Thank u!
Profit first in a nutshell
Great video. 💯👏👍 Explained well
Gee, thanks for this summary! So helpful.
I think you should increase your volume a little bit.
Nice summary! Saved me hours of reading
Very well summarized. Subscribed.
This only works if there's a profit
There's always Profit in Profit first
@waytogo11 lol not sure you understand what I mean. If the business is not making sales and the expenses are higher than the income, there's no profit.
Example: my lemonade stand cost me $20 a day for lemons, cups and ice etc.
If I don't sell he lemonade at the right price or simply don't sell much lemonade, there's no profit.
Nathan you are the best summary presenter! Thanks for your great service & contribution!
Thumbs up and Subscribed. 👍
The pdf link isn’t for Profit First
Very Useful!
What to do with that profit money??
U block me destroy my career harmzaade.. Tum sab mere liye Mar Gaye..
Great job. Thanks ;)
Serendipity- I’m in the 10k small business program and this book was brought up as a must read in one of our group discussions. Feel very pleased to have been able to so quickly get this overview. Thank you!
Good luck with your business!
Hi Lisa, what group are in you ?
@@chantellecampbell8709 oh my goodness I think cohort 25
like so often, great job Mr.
Please make video on power book
Thank you!
👍 😎 nice
🙏🏼✨🙏🏾 3:30
Thank you. Very good.
Could you tell me more about what it is COMP?
Salary
The link for PDF file doesn't work :)
Should work now. Please try again
Great summery Nathan! Keep it up!
May you be brilliant
Notes and Vocabulary:
Sales
Revenue
Capital
Profit
Expense
Budget
Operating budget
Lose a smaller plate= constraint your operating budget
The 4 business accounts:
Operating expenses: rent, supplies; software, marketing, staff
We are more resourceful when we need to be: force yourself to do with a smaller budget: how can we do this with 1/3 of the cost
Serve sequentially
Profit= nutrient dense salad : peace of mind (emergencies), highly rewarding, clear metric.
Even if "you can't take profit" start small like 1%
3. Remove temptation
4. Enforce a rhythm:
One minute scan of 5 bank accounts on 1st and 15th of each month: income, opex, comp, tax, profit
just implemented this in my business.
An year later, how did it go? Did it really work?
Phenomenal
Dope.
Super practical
Great 👌
Profit is a metric for wealth creation. If you can’t make a profit in business you’re not creating value for society.
Love this book
🙏👍👍
Scarcity drives innovation.
Thank you for the chart of his findings of the two tiers sizes of healthy businesses' allocation buckets. Much appreciated.
At first i was thinking. Ahhh... another reduce your cost/bootstrap advice. But is actually profound and more than that. Take 1% profit.
Thank you Nathan. I appreciate the work you do for us...