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mikemichalowicz.com

1 resource from mikemichalowicz.com we point founders to, and the questions each answers.

📖 Book

✓ Link checked Paid Beginner

Why we picked it A behavioral, dead-simple cash-management system used by over a million businesses to stay permanently profitable. Perfect for bootstrappers and solo founders who need discipline, not spreadsheets.

Profit First: Transform Your Business from a Cash-Eating Monster

From mikemichalowicz.com by Mike Michalowicz book (~224 pages)

Flip the formula: Sales - Profit = Expenses, taking profit off the top first
Allocate revenue into separate accounts to force profitability and cover taxes
A behavioral system beats willpower for keeping a business cash-healthy

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Answers How should I manage cash flow so my startup doesn't run out of money? Do I need an accountant and proper bookkeeping from day one? What does healthy cash flow actually look like for a bootstrapped business, and how do I stop confusing revenue with money in the bank? How do I pay myself a real salary from a bootstrapped startup without starving the business?