Mike Michalowicz, Author & Co-Founder, Profit First Professionals
Right now, every entrepreneur has the same question on their mind: how do I recover or maintain my company’s profit levels during Covid-19?
That’s why we were so eager to sit down with Mike Michalowicz, who is a serial entrepreneur, author, and creator of the Profit First system. Our own CEO and founder, Nathan, used Michalowicz’s teachings to completely change the way he manages Foundr’s finances. And now we want to bring you the same level of knowledge to help you through these challenging times.
In this conversation, Michalowicz shares his best recommendations on how to manage your cash flow, financial priorities, and more during a pandemic. If you have any questions on how to take a profit-first mindset right now, this episode is for you.
If there’s any other type of content you’d like to see that would be valuable to you during this time, please don’t hesitate to reach out at [email protected].
Key Takeaways
What Michalowicz learned from building and selling his first two businesses
How going into bankruptcy changed the way that Michalowicz views entrepreneurship
Michalowicz’s path to becoming a small business author, and how running two of his own companies contributes to his books
What’s happening during “The Great Big Shift”
How to manage cash flow during the pandemic
The difference between sales issues vs. profit issues
Michalowicz’s tips to organize your financial priorities during Covid-19
Why Michalowicz recommends pulling off the bandaid instead of chipping away when it comes to tough decisions
An overview of the Profit First methodology and framework
Parkinson’s Law, and how it applies to toothpaste
Why Michalowicz recommends trusting wallets over words
Key Resources From Our Interview With Mike Michalowicz
Visit Michalowicz’s website
