This Cash Management System Increases Profits For Every Small Business Owner | Mike Michalowicz

What if you could implement a cash management system today that guarantees profitability, automatically sets aside money for tax season, and ensures you don't overspend on expenses? In this episode, Hala is joined by Mike Michalowicz to break down Profit First, the cash management system that has helped hundreds of thousands of small business owners increase their profits, or generate a profit from day one.

Mike Michalowicz is the entrepreneur behind three multimillion-dollar companies and is an author of business books for entrepreneurs and small business owners like Profit First, Clockwork, The Pumpkin Plan, Fix This Next, and Get Different. Mike is a former small business columnist for The Wall Street Journal and regularly travels the globe as an entrepreneurial advocate. He became a business author with a clear mission: Eradicate entrepreneurial poverty.

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Mike Michalowicz is the creator of Profit First, which is used by hundreds of thousands of companies across the globe to drive profit. Today, Mike leads two new multi-million-dollar ventures, as he tests his latest business research for his books. He is a former small business columnist for The Wall Street Journal and a business makeover specialist on MSNBC. Mike is a popular main-stage keynote speaker on innovative entrepreneurial topics; and is the author of Get Different, Fix This Next, Clockwork, Profit First, Surge, The Pumpkin Plan, and The Toilet Paper Entrepreneur. Fabled author Simon Sinek deemed Mike Michalowicz “…the top contender for the patron saint of entrepreneurs.”

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You’re watching Young and Profiting Podcast on Youtube, a place where you can Listen, Learn, and Profit. Welcome to the show. I’m your host, Hala Taha.

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[youngandprofitingpodcast]

If anyone wants to try the Profit First method you can use RELAY to do it easily and for free: relayfi.com/profiting

[phamvietanhofficial]

Mike Michalowicz is dropping some serious knowledge here. 🧠

[سفيانجمعه-هش]

Profit First sounds like something every entrepreneur needs to know about.

[mustaqeemmomin]

Subscribed! Cant wait to implement these strategies in my business.

[shortvideoszone]

The analogy with the Thanksgiving dinner really hit home. Makes so much sense!

[ramsing]

This video is gold for any business owner out there. Sharing with my entrepreneur friends

[stevedoucette]

She always does her research, that’s why she rocks ❤

[zaifithegamer]

I appreciate the simple breakdown and actionable steps.

[cczzdzj]

Wow, this is a game-changer for small businesses! 🚀

[cartoontv]

I can relate to the struggle of increasing expenses with revenue. Time to break that cycle!

[yojaniskool]

Thanks for sharing this! Its rare to find banking solutions that align so well with the Profit First methodology. Relay seems like a perfect fit.

[kaledmekkas]

Its about time we had a banking solution tailored for small business owners. Relay seems promising!

[TienThanhDng]

Ive been in the service industry for over a decade, and the traditional method of revenue minus expenses has been ingrained in me. While Mikes approach is intriguing, Im hesitant about the practicality of overhauling my entire financial system. It woul

[wavegaming]

I appreciate the recommendation. Its challenging to find banking solutions that cater specifically to small businesses. Relay sounds promising

[Salah-uwby]

Ive always believed in the importance of self-funding and avoiding debt, so that part of the video really resonated with me. However, Im a bit skeptical about the practicality of taking profit from every transaction, especially in a business like mine w

[yudhafernandho]

The concept of splitting bank accounts for specific purposes is interesting, but Im concerned about the logistics. Managing multiple accounts seems like it could become a nightmare, especially when dealing with international transactions and currency con

[c-arts]

Relay sounds like a game-changer for small businesses. Automated allocations? Sign me up! 🚀

[nightrp]

Why is everyone acting like this is revolutionary? Its basic common sense.

[niko.]

Ive been an avid follower of Mike Michalowicz for a while now, and while I respect his expertise, Ive always found that implementing such strategies in a real-world scenario, especially in a startup environment, is much more complex. Has anyone tried th

[mirotv]

This sounds too good to be true. Is this just another business gimmick?