Why most businesses are never profitable and what to do about it

Real Estate and Money Show PodcastThursday August 13th, 2015  Join Antoinette and Marc with their special guest Mike Michalowicz, author of Profit First and other must read business books. Learn Why most businesses are never profitable and what to do about it. Broadcasted at 10 am on WVNJ 1160 on your AM dial.

Topic: Why most businesses are never profitable and what to do about it

  • GAAP accounting is flawed. Not in the logic, but in that it doesn’t work with the natural behavior of the entrepreneur
  • Parkinson’s Law – the law that dictates all human behavior, and how it can be your best aly.
  • Why you need to take your profit first. Always.
  • The power of “small plates” (multiple accounts)
  • Why you can’t go about profit by yourself – team up with peers and/or financial pros

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