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MIKE MICHALOWICZ

Innovation in business and efficiency comes from big, bold questions.

MIKE MICHALOWICZ

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created an idea from a book:

MORE IDEAS FROM THE SAME BOOK

  • Use small plates: When money comes into your main operating account, immediately dispense it into different accounts in predetermined percentages for profit, owner pay, taxes and, consistently operating expenses
  • Serve sequentially: Always move your m...

A great business is one that has healthy profits. And as business gets healthier, taxes will increase.

The benefits of accountability groups:

  • 95% of your company’s profitability depends on what goes on beneath the surface (after the sales), and not the sales themselves.
  • Serve your clients with the same or very similar problems, using your one consistent solution to solve the problems.
  • The key to being efficient is ...

  • Paying yourself should always be your priority even if you’re in debt.
  • Practice the one more day technique. Hold off on purchasing something and test how much you need it. You’ll feel rewarded when you see yourself saving more by going without certain items.
  • Modern-day succes...

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created 31 ideas

This book teaches the fundamentals of owner compensation, profit targets, labour productivity, cash flow, and data reporting. Clear explanations and helpful illustrations throughout make it a must-read guide for small business owners looking to achieve higher profits.

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1.01K reads

created 13 ideas

A Marketing plan doesn’t need to be 20 pages long to grasp the main points of your business. 💡

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62 reads

created 7 ideas

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