Profit First, Excuses Last: Real Talk with Mike Michalowicz | Jake & Gino Podcast
Mike Michalowicz—the mind behind Clockwork, The Pumpkin Plan, and The Money Habit. Mike reveals why traditional financial thinking keeps most businesses broke, and how to flip the script with his game-changing Profit First framework.
Mike Michalowicz—the mind behind Clockwork, The Pumpkin Plan, and The Money Habit. Mike reveals why traditional financial thinking keeps most businesses broke, and how to flip the script with his game-changing Profit First framework.
What You’ll Learn:
- Why “Revenue – Expenses = Profit” is broken
- How to reverse engineer profit with real estate
- The behavioral psychology behind business finances
- Why diversification may be hurting your business
- When and how to sell your company the right way
- Why now is the best time to buy small businesses
Visit https://www.MikeMotorbike.com for Mike’s books and resources.
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Chapters:
00:00:00 – Introduction
00:01:33 – What Profit First Really Means
00:04:01 – Profit Per Unit (PPU) Explained
00:10:36 – Scaling vs. Growing: What’s the Difference?
00:13:43 – When to Sell (and NOT Sell) Your Business
00:15:09 – The Power of a 4-Week Vacation for System Testing
00:21:49 – Why Now Is the Best Time to Buy Small Businesses
00:27:36 – Gino Wraps it Up