Profit Pod Accountability Groups

Our Profit Pod Accountability Groups give our members and partners an additional option to work with a small group to focus on growing and scaling their businesses.

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These groups, consisting of 2-5 people, meet virtual or in-person at least twice per month. The schedule is decided by the group. Members may choose their own group members or may request to be matched with other members.

Groups will use Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz as their guiding text, along with his supplementary materials

In addition, groups will be provided with additional training and support on goal-setting to support their efforts.

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Profit First Summary

The author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability.

Conventional accounting uses the logical (albeit, flawed) formula: sales - expenses = profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses.

 

Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, listeners will learn that:

  • Following four simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances.

  • A small, profitable business can be worth much more than a large business surviving on its top line.

  • Businesses that attain early and sustained profitability have a better shot at achieving long-term growth.

With dozens of case studies, practical step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing road map for any entrepreneur to make money they always dreamed of.


©2014, 2017 Mike Michalowitz (P)2017 Gildan Media LLC