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We're excited to recommend a Carthy Book Club great read for our business network today: PROFIT FIRST by Mike Michalowicz Transform Your Business from a Cash-Eating Monster to a Money-Making Machine What if, rather than serving your business, your business served you? Michael Michalowicz has delivered a compelling business strategy in Profit First, providing a simple yet counterintuitive cash management system that enables small businesses to break free from financial struggles and achieve immediate profitability. With practical advice, actionable steps, and case studies, Michalowicz illustrates how business owners can take profit first and use only what's left for expenses. Like limiting food portions with smaller plates, this approach encourages financial discipline, ensuring businesses generate consistent profit while paying invoices and taxes. The Profit First method simplifies the accounting process, making it accessible even to those who prefer to glance at bank balances instead of spreadsheets. By categorising finances into separate ‘buckets,’ or bank accounts, for different expenses, business owners gain a clearer picture of their finances at a glance, helping them and prioritise their profit, making sure they get paid first. Whether you're a startup owner or an experienced entrepreneur struggling with financial organisation, Profit First is a valuable read that will help you create a more profitable business. Its clarity, practicality, and transformative impact make it an essential resource for business owners at any stage. Get the business you want. Call 01785 248939 or visit our website carthyaccountants.co.uk. #bookclub #morethanaccountants #mikemichalowicz

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