Personal Development

Book Review – Profit First by Mike Michalowicz

71VbPsg3rfL._SL1500_I recently finish reading the book Profit First: A Simple System to Transform Any Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz and wanted to publish my review of the book. 

Let me start by saying that the book was very easy to read and I enjoyed the author’s writing style quite a bit. It was a quick read that delivered deep content in a surprisingly light manner. The author, Mike Michalowicz, has a good sense of humor and at some points I was literally LOL. The book was well organized and whenever a new concept was brought up in a chapter, the author did a good job clarifying and always providing examples of even the simplest of concepts. In addition to his thorough explanations, at the end of every chapter you will find a detailed, numbered action plan/ directions to implement the subject of that particular chapter.

In this next part of the review I want to discuss the content. First off let me give you a little bit of background about myself so that you know where I am coming from. I am an accountant by trade and love reading business books, always looking for those golden nuggets of knowledge that I can use to provide value to my clients or use in my own business. I believe there were definitely some great ideas and concepts in this book that I would love to share with some of my clients, and that is part of the reason I am writing this review. Although the author’s system could technically work for everyone, it does take discipline and some extra leg work to implement and customize to your business. Luckily as I mentioned earlier, the book does a great job directing the reader how to go about customizing the system for your business.

As an added bonus the author also included a chapter about how you could apply this system to your personal finances, which is much the same way you would with a business.

I think this book is  a great read for any business owner. There is some great content to be found and it is very easy to read. I would particularly recommend this book to readers that are having cash management issues, as the author has a great system to remedy that. Even if you decide not to apply the book’s system, I believe that the book still points out some information that every business owner should be aware of.

If you wish to purchase the book I included a link below to the Amazon page. I bought the Kindle version, so I can attest to the hardcover or audio versions. If you decide to purchase the book, or have previously read it, please leave some comments below, I would love to discuss. As always thank you for reading and have a nice day!

New Year’s Resolution

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I just quickly wanted to welcome anyone reading this to our blog and encourage you to check in often. I will be updating the blog frequently with anything and everything to do with finances for yourself or business in general.

One of my New Year’s resolutions was to start this blog with the hopes of giving back content to the internet community from which I have learned so much. It took a little while (22 days to be exact) for me to start this blog, but in all honesty I have had a busy three weeks to start off the year. So it is only fitting that I start off this blog with my opinion of the idea of the New Year’s Resolution.

The idea of a new year’s resolutions is great because it gives people a reason to reflect and establish goals for the upcoming year. Any impetus that makes people set goals is awesome, BUT it can be a really bad thing if you are putting off something that should have been done a long time ago until the start of the New Year because “it is you New Year’s resolution” (in other words procrastination is bad).  I don’t mean to start the New Year, or this blog, off on a negative tone, but my plan for this blog is to be real and hopefully create some discussion with my opinions.

Procrastination is terrible and it is increasing, in my opinion, because of the shorter attention span due to the bombardment of the senses people are getting from their cell phones. I will close this post off by encouraging everyone to make procrastinating less a resolution for this year. And if you have been putting off getting your company’s financials in order you can always feel free to contact us 😉

What are some of your New Year’s resolutions?

Take care and happy New Year.

– post written by Ofir Gabay