Book description
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,…
Why read it?
1 author picked Profit First as one of their favorite books. Why do they recommend it?
Profit First is a banking system that accounts for the inevitable human error of “ooh, there is money in my account, I can afford that”.
This book helped me set my businesses up so that I was actually able to keep some of the income that was coming in from them, rather than continually getting to the end of the month and wondering where the revenue I had generated went.
This is a must read for self-employed and small business owners, and a solid read for personal finances too!
From David's list on service members who want to achieve financial freedom.
If you love Profit First...
Big Ideas... For Small Businesses
Big Ideas… for Small Businesses is a straight-talking, no-nonsense guide to growing a small business without sacrificing your lifestyle. Written by a former civil servant turned entrepreneur, the book challenges hustle culture and instead champions the idea of an "ambitious lifestyle business" - one that provides freedom and financial stability,…
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