How to Build Your Business Based on Profit First with Mike Michalowicz
Release Date: 07/03/2020
Do you have a people problem or a system issue?
The CEO Nation
These 15 min+/- bite sized segments are intended to be a Daily Dose of digestible, tangible and implementable advice that can "move the needle" in your business immediately. We are dropping relevant, timely information several times a week, in a format that is boiled down to the most important facts with no fluff or wasted time. Every week we'll release multiple new episodes covering the most compelling and helpful topics pulled straight from our current Private Coaching Client calls and Group Training Sessions. These Daily Dose episodes are designed to be fast and easy to consume...
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What's Really Happening In Your Business?
The CEO Nation
These 15 min+/- bite sized segments are intended to be a Daily Dose of digestible, tangible and implementable advice that can "move the needle" in your business immediately. We are dropping relevant, timely information several times a week, in a format that is boiled down to the most important facts with no fluff or wasted time. Every week we'll release multiple new episodes covering the most compelling and helpful topics pulled straight from our current Private Coaching Client calls and Group Training Sessions. These Daily Dose episodes are designed to be fast and easy to consume...
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Your Business Results Are A Reflection of How You Are Showing Up In Other Areas of Your Life
The CEO Nation
These 15 min+/- bite sized segments are intended to be a Daily Dose of digestible, tangible and implementable advice that can "move the needle" in your business immediately. We are dropping relevant, timely information several times a week, in a format that is boiled down to the most important facts with no fluff or wasted time. Every week we'll release multiple new episodes covering the most compelling and helpful topics pulled straight from our current Private Coaching Client calls and Group Training Sessions. These Daily Dose episodes are designed to be fast and easy to consume...
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Why Your Goals Might Be Hurting You
The CEO Nation
These 15 min+/- bite sized segments are intended to be a Daily Dose of digestible, tangible and implementable advice that can "move the needle" in your business immediately. We are dropping relevant, timely information several times a week, in a format that is boiled down to the most important facts with no fluff or wasted time. Every week we'll release multiple new episodes covering the most compelling and helpful topics pulled straight from our current Private Coaching Client calls and Group Training Sessions. These Daily Dose episodes are designed to be fast and easy to consume...
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Are You Fixing The Wrong Problems?
The CEO Nation
These 15 min+/- bite sized segments are intended to be a Daily Dose of digestible, tangible and implementable advice that can "move the needle" in your business immediately. We are dropping relevant, timely information several times a week, in a format that is boiled down to the most important facts with no fluff or wasted time. Every week we'll release multiple new episodes covering the most compelling and helpful topics pulled straight from our current Private Coaching Client calls and Group Training Sessions. These Daily Dose episodes are designed to be fast and easy to consume...
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The Power of Converging Goals vs Conflicting Goals
The CEO Nation
When you sit down and think about your life, can you see the points where you are creating momentum? How about friction? Today's episode we are focusing on differentiating your goals in, not just your business, but your life that may be conflicting and creating friction to make your life harder as well as the goals that are creating momentum that will catapult you and your business into more and more successses. These 15 min+/- bite sized segments are intended to be a Daily Dose of digestible, tangible and implementable advice that can "move the needle" in your business...
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Unlock Your True Potential: Balancing Life and Business for Success
The CEO Nation
On this episode of The CEO Nation Podcast, Steve discusses the importance of balance in life and how it relates to business success. He emphasizes the need to prioritize mental stability, physical health, emotional well-being, relational grounding, and spiritual connectedness for achieving success. Richards also shares his own spiritual awakening and announces a retreat program to help men build business plans and improve various aspects of their lives. He encourages listeners to focus on the right things in life, enjoy life, and maintain good health and relationships. These 15 min+/- bite...
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Gamifying Your Business: You can't win if you don't know how to play!
The CEO Nation
When working to build a successful business, gathering data on what works and what doesn't is the key (a.k.a. KPIs). KPI's are score keeping markers to let you know how you're doing, and to learn the "rules" of the game. Once you learn what matters and what doesn't, you can better measure and manage your inputs (activities), which leads to controlling your outputs (results). In this episode, Steve breaks down how uncovering and controlling your KPI's is what leads to building leverage in your business via systems and processes. These 15 min+/- bite sized segments are intended...
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You Can't Scale Hustle! (Part 2 of Gamifying Your Business)
The CEO Nation
Gamifying your business is a great way to track data so you can better understand what to focus on, and more importantly - what NOT to spend your time, money and energy on. There is a very strategic, repeatable and consistent set of steps you can follow to continuously improve your business over time, and methodically hone in on success over time. In this episode, Steve breaks down these steps and explains how they will help you work towards successfully scaling your business. These 15 min+/- bite sized segments are intended to be a Daily Dose of digestible, tangible and...
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The Most Common Shortcomings of A Leader (Part 5 of 5 on Building Successful Teams)
The CEO Nation
Great leaders are the best followers, they just follow worthy callings rather than following other people. They also understand the power of focus and relentless follow through. Making the shift successfully from doing the work to leading others is one of the hardest things an entrepreneur will have to do. In this final installment of the five part series, Steve talks about what matters most when working to become the leader your business needs in order to scale to the next level. These 15 min+/- bite sized segments are intended to be a Daily Dose of...
info_outlineWhat if you could have profit guaranteed? That was the question that Best Selling author Mike Michalowicz asked himself after getting sick of surviving check to check and suffering the ups and downs of managing reactively based on cash flow in his own business.
Listen to Mike breakdown for Steve how to build your business based on profits first, rather than paying the bills first and hoping something is leftover afterward. Mike’s “Profit First” model has helped over 175,000 business owners grow profit and reduce stress.
- Building a business based on what you want out of the business not what your clients
- Lifetime entrepreneur first. Full-time author. Discovered 20 years as an entrepreneur, he was grinding away and not making any progress. Started writing journals to address his own challenges, and turned it into a book.
- Toilet Paper Entrepreneur: All about bootstrapping
- The Pumpkin Plan: Organic growth in business
- Surge: The movement of markets and putting yourself in front of the trend
- Profit First: The way we've been told to be profitable doesn’t work
- Clockwork: The biggest challenge entrepreneurs face is time (operational efficiency)
- The difference between making money (inflow of money) and taking money (money retained)
- Discussing entrepreneurial poverty
- Managing your business from your checking account, not your financial statement
- The bank-based system that provides clarity into how your business is really doing
- Mom’s envelope system of managing money and how it’s applicable today
- Managing your profit account
- Making the most out of the money you do have (don’t rob Peter to pay Paul)
The more money we have, the more we consume, the less we have, the more innovative we become
- Parkinson’s law
- Key steps to take to create a financially secure cash flow business
- The level of profitability business owners should be shooting for (link)
- The easiest and hardest part of implementing profit first for your business
🔥 Rapid Fire Round 🔥
What Are You Afraid Of?
Waking up at the end of my life and meeting the person I could have become
What I’m Most Proud Of:
Making my house a home destination for my grown children
What I Wish I Knew When I Started in Business:
That grind and hustle is not the definition of success
What’s The Best Advice He’s Received:
Don’t listen to advice, listen to wallets.
▶︎ Contact Mike