Episode #135: Profit First with "Motorbike" Mike Michalowicz

By his 35th birthday Mike Michalowicz had founded and sold two multi-million dollar companies. Confident that he had the formula to success, he became an angel investor... and proceeded to lose his entire fortune.

Then he started all over again, driven to find better ways to grow healthy, strong companies. Among other innovative strategies, Mike created the "Profit First" formula, a simple and extremely effective ways for businesses to ensure profitability from their very next deposit forward.

Mike is now running his third million dollar venture, Profit First Professionals , is a former small business columnist for The Wall Street Journal; is the former MSNBC business make-over expert; is a popular keynote speaker on innovative entrepreneurial topics; and is the author of Profit First, The Pumpkin Plan and The Toilet Paper Entrepreneur, which BusinessWeek deemed "the entrepreneur's cult classic."

Mike is also a guest lecturer for collegiate entrepreneurial programs such as Babson, Boston College, Columbia, Copenhagen Business School, Emerson, Harvard, Penn State, Pepperdine and Princeton. His books are in the core curriculum for entrepreneur students at Pepperdine, Carnegie Mellon, Stanford University, and universities across the country.

Topics Covered:

- 80s hair bands \m/

- Lessons learned from building two multi-million dollar businesses and losing the lot

- Mike’s new book, Profit First

- The profit first formula: Sales - Profit = Expenses

- 4 simple principles for managing money and putting profit first

- Why this flies in the face of “you’ve got to spend money to make money” and how to strike a balance

- Why raising funding is not indicative of startup success

- Why small profitable business can be worth much more than a large business surviving at its top line

- Putting profit first in enterprise

- 3 Sheets of paper to you need to launch and grow a business

Show Notes:

1) Mike’s website: www.mikemichalowicz.com/ 

2) Mike’s facebook: www.facebook.com/MikeMichalowiczFanPage

3) Mike’s Twitter: twitter.com/#!/MikeMichalowicz

4) Profit First Book: www.profitfirst.com 

5) Mike’s other books:

---

Join the conversation on Facebook: www.facebook.com/groups/futuresquared/where you can discuss episodes, request guests, propose questions for forthcoming guests and access exclusive content and special offers!

Listen on iTunes @ goo.gl/sMnEa0

Listen on Spotify @ spoti.fi/2G2QsxV

Listen on Stitcher @ www.stitcher.com/podcast/future

Listen on Google Play @ bit.ly/FSGoog ‍

If you've got any questions on this podcast feel free to send an email to steve@collectivecamp.us or tweet me on Twitter @steveglaveski or @future_squared

Follow me on Instagram: @thesteveglaveski

Like us? ‍ It'd make our day if you took 1 minute to show some love on iTunes, Stitcher or Soundcloud by subscribing, sharing and giving us a 5 star rating. ‍

To sign up to our mailing list head to www.futuresquared.xyz

For more information on Collective Campus, our innovation hub, school and consultancy based in Australia and Singapore check out www.collectivecampus.io

Posted 
April 14, 2017
 in 

FOLLOW US ON SOCIAL

Discussions

MORE FROM

Steve Glaveski

Future Squared

RELATED

Episode #383: Negotiate Anything with Alexandra Carter

Cold Calling is NOT Dead — 5 Reasons to Pick Up The Phone

Episode #274: How to Pitch Anything with Oren Klaff

Episode 85: Ketones - All You Need To Know: With Joe Rogister

410: The Sh*t They Never Taught You with Adam Jones and Adam Ashton

Why and How to Get Your Brand into the Metaverse