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PROFIT HOLD and TAX HOLD.
Mike Michalowicz • Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
La ganancia es primero: Transforma tu negocio en una máquina de hacer dinero (Spanish Edition)
amazon.com
The number one job of your business is to get you paid for work you love to do. Not to give it all away for free!
Sara Nasser Dalrymple • More Sales Please: Promote your small business online, make consistent sales, grow without the grind
After setting up this new checking account at your bank, nickname the account PROFIT, and from this moment forward from any deposit you put into your normal checking account, transfer 1 percent of that deposit into your PROFIT account.
Mike Michalowicz • Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
INCOME PROFIT OWNER’S COMP TAX OPEX
Mike Michalowicz • Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
So profit can come in many different ways: through money, knowledge, contentment, spiritual understanding, leisure, etc.. In each case, it is what increases the individual’s happiness.
Harry Browne • The Secret of Selling Anything: A road map to success for the salesman… who is not aggressive, who is not a “smooth talker,” and who is not an extrovert
Accountants define profit differently than entrepreneurs. They point to a fictitious number at the bottom of an accounting report. Our definition of profit is simple: cash in the bank. Cold. Hard. Cash. For us.
Mike Michalowicz • Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Sales − Profit = Expenses