Profit First
Profit First
Mike Michalowicz · first published 2014 · ISBN 9780981808291
Flips the accounting so profit is taken first and the business runs on what remains, using multiple bank accounts as a behavioral constraint. The reasoning is more psychology than finance, which is exactly why it works on owners who ignore spreadsheets.
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Take profit first and run the business on what remains, enforced with separate bank accounts. The reasoning is behavioral rather than financial, which is precisely why it works on owners who never open a spreadsheet.