Mike Michalowicz is the bestselling author of Profit First, Clockwork, and Fix This Next. After losing everything early in his entrepreneurial career, Mike developed practical frameworks that help business owners build profitable companies that run without them.
Today, he teaches why most businesses grow broke, how owners become bottlenecks, and why financial habits matter as much at home as they do in business. Listen to start learning how to manage both your business and personal finances.
EPISODE LINKS:
Mike's book, The Money Habit: https://www.amazon.com/Money-Habit-Worry-Free-Financial-Independence/dp/1774586436/ref=sr_1_1
Get all of Mike's books: https://mikemichalowicz.com/books/
Get my book on Exit Optionality: https://exitoptional.com
00:00 Intro and The Profit First Breakthrough
03:33 Why Most Businesses Aren’t Profitable
05:52 Signs the Owner Is the Bottleneck
08:55 Fix This Next: Finding the Weakest Link
09:06 Why Businesses Become Commodities
11:11 Marketing That Actually Gets Attention
12:24 Most People Have No Money System
17:33 Managing Money as a Couple
20:45 The Lottery Mindset for Income
22:36 Avoiding Herd Behavior in Recessions
23:16 The Power of Looking Upstream
