Book Titles

Profit First
Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

By Mike Michalowicz

Year Published: 2017
ISBN-13: 978-0735214149
Categories: Businesses, Entrepreneurship, Money

40 Quotes Found

Quote Image Quote Page Number

Profit First:

The competition will squeeze you eventually, and soon, so keep finding ways to do what you do better, faster, and cheaper.

137

Profit First:

The fewest things you can do repetitively to observe a consistent core customer need – this spells efficiency.

138

Profit First:

You get what you focus on, so stop focusing on expenses. Focus on profit, and the expenses will be taken care of by default.

156

Profit First:

Financial freedom means that you have reached a point where the money you’ve saved yields enough interest to support your lifestyle and continues to grow.

166

Profit First:

Remember, it’s much easier to go with human nature than it is to fight it, so removing temptation is the best solution.

168

Profit First:

Burn [debt] in effigy… burn that debt to the ground.

169

Profit First:

According to Parkinson’s Law, if you have ten dollars in your pocket, you will spend ten dollars.

172

Profit First:

The more cash you can collect, the better, because at a certain point money starts earning you substantial money, all by itself.

173

Profit First:

…once the money you have collected yields more new money every year than you spend in a year, you have achieved financial freedom.

173

Profit First:

…frugality removes financial stress, enabling you to better appreciate and enjoy the things and experiences you purchase.

173