Mike Michalowicz
speaker
1,537 appearances
2 recordings
1 series
first heard Feb 2026
last heard 20 Feb
Mike Michalowicz’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Feb 2026 with 2.
Appearances
So you can have an LLC or sole proprietorship or an S-corp.
And your business can pay your taxes and talk with a tax professional.
How you distribute it is unique and different in each case, but the percentage will change.
So once you hit a million dollars, you're not putting 50% toward profit or owner's compensation where you take a $500,000 salary.
It may be reduced.
Maybe now it's 20%.
Once you get to a $10 million company, maybe the owner's compensation is 10% with about a million dollars a year.
So the percentage is adjusted.
What I suggest people do is look at the resources, what we analyze, but don't necessarily start there.
If you're an established business, a target is simply where we're headed.
You have what we call caps or current allocation percentages.
This is your starting point.
If your business has never paid a profit before and we're suggesting you can get to 20% in profit, let's not start there.
Let's start next month by going to 1%.
After a quarter, let's go to 2% and 3%.
Maybe the rollout takes us a couple years to get that 20%, but it allows your business time to digest and adjust to the taps that we're targeting.
Yeah, that's kind of how the equation works is when you take a percentage away or add it to something, you got to take it away from something else.
So in most cases, not all, but most cases, we will compress operating expenses.
What our research has found, and we have over 700,000 companies that have deployed Profit First to give context, most businesses run far too rich in operating expenses.
They're spending upwards of 95% of inbound income goes right back out the door to operating expenses.
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