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?

Roz Andrews
7 min readSep 9, 2024

--

Photo by Jonny Gios on Unsplash

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…

--

--

Roz Andrews
Roz Andrews

Written by Roz Andrews

Writer, book editor, proofreader & founder of www.rawritersforhire.com and www.medium.com/small-steps, moving forward in life, one small step at a time.

No responses yet