Mike’s Likes – All About Profits

I like a lot of things. Including the internet. And while I know technology will inevitably break down from time to time, we rely so heavily on the internet it’s hard to be patient. (Tap, tap, tap)

Since I was temporarily sent back to days of yore, I thought I’d share an artifact related to the history of my business. Remember typewriters? Before computers, or word processors (man, remember those?) you either put pen to paper or types to get rewarded by a high pitched “ding!’ at the end of each line. I have been using this old typewriter as a touchstone. It’s a place I can write my intentions, providing a convenient and nostalgic visual to revisit my purpose.

Onward to books. A couple of my latest favorites are about concepts and systems around profit. Out of the many lessons learned through the pandemic, the one that some learned the hard way is that if we want our businesses to thrive, healthy profits are crucial to the survival of your business.

If you want an extraordinary complement to Profit First check out my friend Femke Hogema recently released Profitable Plans – Seven Steps to a Financially Successful Business. It is a go to if you want an action plan to create profit. It’s getting top reviews too:
“Permanent profitability is attained when mindset, aligned business model and a clear vision are married together. Femke Hogema nails this trifecta in Profitable Plans with the perfect balance of entertaining stories, strategy and clear actions steps.”

Another excellent guide for profit? Your Path to Profits, written by another friend, Diane Gardner, is a wonderful how-to guide to learn how to boost your company’s profit. It’s easy to read, and also maps out steps to follow so you can create profit in your business.

Some have thought the word “profit” is a synonym for greed. Nothing could be further from the truth. Remember, profit isn’t getting over, or what’s leftover. Profit is crucial, especially for your small business. If you can’t turn a profit, you can’t interest investors, secure financing or grow your business. Be intentional about adopting systems to create profit and create a sustainable business for life.

Be well – and profitable!

-Mike

PS – I invite you to get in on the courses I have created for you to help you reach your potential, and more.

Uncover your confidence (get that mindset in check!)

PSS – Get the free resources for Profit First. From a Profit First One Sheet to finding banks to open your accounts in, it’s there waiting for you!

Check out the free resources

Remember – Profit is not an event. Profit is a habit!

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