Far too many business owners find themselves working hard, pouring into their ventures with nothing to show for it at the end of each year. It's not because their businesses are failing, it's because they haven't mastered profit.

Mike Michowicz's Profit First system has made thousands of businesses profitable and changed how we do things around here.

What's the psychology behind the system? What problem does Mike want to solve with his new business?

In this episode, Mike returns to the show to share why Profit First is so powerful and gives us the details of his upcoming book. Three Things You'll Learn In This Episode

Reverse engineer your profitability Why do we become more profitable when we think more frugally?

How to find employees who think like owners What holds businesses back from finding the best talent?

Solving the greatest recruiting problem What can sports teams and large corporations teach us about finding great hires?

Guest Bio

Mike Michalowicz is an author, speaker, and serial entrepreneur with years of experience building strong and successful companies. He is the creator of the "Profit First Formula", a way for businesses to ensure profitability from their very next deposit forward.

Mike has run multiple million-dollar ventures, is a former small business columnist for The Wall Street Journal; is the former MSNBC business make-over expert; is a popular keynote speaker on innovative entrepreneurial topics; and is the author of Profit First, Surge, The Pumpkin Plan and The Toilet Paper Entrepreneur, which BusinessWeek deemed "the entrepreneur's cult classic."

Get a free copy of Profit First and $50 when you sign up for the Relay, the official Profit First bank at https://banklikemike.com. Pre-order Mike's latest book, "All In: How Great Leaders Build Unstoppable Teams" here.