GWiB’s Book Club
Thursday, November 21, 2024, from 8:30 AM - 9:30 AM
Location: Humble House RV, 1208 Washington Ave, Golden
This month we're going to learn how to put profit first in our businesses. As always, you don't need to have read the book to attend; you just need to be interested in discussing its themes.
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Book: Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
by Mike Michalowicz
Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that:
· Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances.
· A small, profitable business can be worth much more than a large business surviving on its top line.
· Businesses that attain early and sustained profitability have a better shot at achieving long-term growth.
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What is the GWiB’s Book Club?
GWiB’s Book Club helps you explore new perspectives. It is a great place for book lovers and those wanting to grow their knowledge and understanding of diverse topics. We meet for an hour every four to six weeks to discuss a specific non-fiction book. The books chosen are generally about personal or professional development. If you don’t have a chance to read the book, no problem. You can join us and listen in!
If you want to explore personal and business development more deeply while spending quality time with like-minded women, the GWiB Book Club is the place for you!
Questions? Or you would like to propose a book for a future Book Club meeting? Please contact GWiB’s Book Worm Georgina Miller!
Georgina Miller
GWiB's Book Club Host
Owner of Crabapple Communications
***NOTE***
GWiB’s Book Club is open to all GWiB Members. We want potential new members to check out our events before committing, so we invite you to attend two events (Book Club, Happy Hour or Table Talks) free of charge. After that, please become a member or pay the small drop in fee of $10/event - click one of the buttons below.