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# Profit First

From [After I Read 40 Books on Money - Here's What Will Make You Rich](https://listium.com/@marktilbury/90733/after-i-read-40-books-on-money-heres-what-will-make-you-rich)  
By [Mark Tilbury (@marktilbury)](https://listium.com/@marktilbury)

List stats: 2032 views · 0 likes · 0 followers  
Published 28 August 2023 · Updated 26 October 2023

Category: books & literature

- Cover: ![Cover](https://img.listium.com/images/width=800,height=800,fit=scale-down,format=webp/l/vtphnrfdbnbjvfut5fkk.jpg)
- Author: Mike Michalowicz
- Year Published: 2014
- Level: $1M to $10M
- Goodreads Rating: 4.26
- Goodreads: [https://www.goodreads.com/book/show/30780674-profit-first?ref=nav\_sb\_ss\_1\_12](https://www.goodreads.com/book/show/30780674-profit-first?ref=nav_sb_ss_1_12)
- Video:
  ```json
  {
    "start_time_mins": "17",
    "start_time_secs": "41",
    "stop_time_mins": "18",
    "stop_time_secs": "04",
    "video_location": "https://www.youtube.com/watch?v=hBtxSzKhM44&t=1s"
  }
  ```
- Notes:
  > "Profit First" is a crucial concept. The book suggests that entrepreneurs should base their business approach on the formula "sales minus profit equals expenses" to ensure ongoing profitability.
  > 
  > One of the main reasons for my sustained business success is my specialization in a specific niche: radio-controlled models. While it might seem limited, I'm confident that this focus allows me to excel and potentially become a leader in my field.
- Shop Here: [https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making/dp/073521414X/](https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making/dp/073521414X/?tag=listium03-20)