Small Business
Business Owners — Do You Want to Get Off the Financial Roller Coaster?
Could the Profit First System Help You to Become Financially Stable?
Do you feel as if you’re riding a financial roller coaster? One month, your business does very well and a stream of money flows into your bank account. You feel good and barely check the balance of your business account. The next month, business is slow and a tiny amount trickles in. Each time you check the balance, you feel more and more anxious.
For more than a decade, my life as a self-employed business owner was like this. I felt as if I was caught up in a never-ending series of boom-and-bust cycles. I hated it! I wanted it to stop but I didn’t know how to make it stop. Or even if I could make it stop.
I mentioned this in a lighthearted way to another business owner at a networking event. He said, “You should read Profit First by Mike Michalowicz.” The book went onto my Amazon Wish List straightaway but, incredibly, another year passed before I bought the book and read it. I really wish I had read it sooner!
Why Was the Profit First System Developed?
When Mike Michalowicz sold a multi-million-dollar company he had co-founded, he…
