Welcome back to the 18th episode of THE AUDACIOUS BABE PODCAST. Whoop! In today’s episode we are focussing on profitability & cashflow – which is the clear foundation to running any kind of business the healthy way. So let’s jump straight in and talk money money money.
Back in the first half of 2017 I stumbled upon this book, which was mentioned just on a side note on another podcast that I had listened to. When I started to read this book, and implement some of the discussed strategies into my business, it has changed my life. Well my business life at least. It has changed how I operate my business, forced me to review my expenses and in general to rethink my mindset on how I want to manage my business…
The book is called “Profit First – Transform your business from a cash-eating monster to a money-making machine” by Mike Michalowicz. Such an amazing book and I can highly recommend it – even highly highly encourage you to read it too!!! Don’t worry it is not a boring accounting book, quite the opposite really. It is a very easy read and Mike is writing as he speaks and it features some very funny anecdotes as well.
A fun book filled with tons and tons of good stuff! Such valuable concepts about how to improve your profitability and cashflow and how to become a healthier and more sustainable business. As I’ve said before, I’ve implemented most of his strategies from the book and it has made such a big impact on my business life and my daily operatings.
However, it is NOT a quick fix to operate more profitable but it will help you to shift your mindset and he will guide you to a healthier and more sustainable business (if you do the work that is).
Profit is not an event. Not something that happens at year-end or at the end of a five year plan or someday. Profit isn’t even something that waits until tomorrow.
Profit must happen now and always. Profit must be baked into your business. Every day, every transaction, every moment. Profit is not an event. Profit is a habit. – Mike Michalowicz
Even if this topic is somewhat boring to some people, profitability and cashflow are indeed the foundation to running any kind of business and in order to do it the right way and the healthy way, I can only from the bottom of my heart encourage you to read the book and take action.
Listen to the full episode to understand more about the book and its strategies, how I’ve implemented them, how I have shifted my mindset to operate much more profitable, know where my business is in terms of cashflow at any given moment and how you can do it too.
Disclaimer: I’m in no way or form associated with Mike Michalowicz or his book, this is just my own personal opinion and this book has helped me a lot on different levels of running and operating my business that I wanted to share this with you in the hope it might help you too.
Also, why not share your own experiences with all of us in our little online community? Have you read the book, implemented the strategies and agree/disagree with it? What are your experiences? Would love to hear from you!
If you are not part of our community yet, just head over here and join us!.
- “Profit First – Transform your business from a cash-eating monster to a money-making machine” by Mike Michalowicz
- Quickbooks – Accounting Software