What is the first step in becoming Profit First?
27 May 2024

Mike Michalowicz's Profit First system starts with one thing: separate bank accounts. You split your revenue into Income, Operating Expenses, Owner's Pay, Taxes, and Profit. Set taxes aside at 15% and aim for 30% profit.
Questions this video answers
Income; Operating Expenses (OPEX); Owner's Pay; Taxes (pay tax); Profit.
30% profitability.
15% of revenue.










