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.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Feb 2026 with 2.

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So I really encourage you, that profit has to go to you.

It's your choice how to use it, but don't put it back in the company.

Yeah, never really touch except for quarterly.

It's an account that sits aside.

So what happens is as we allocate money to a profit, if we leave it at your active business accounts, it can become very tempting.

Day bills come in, you're like, I can't pay these bills.

Oh, I have some profit money.

I'll take from there.

The day you do this, this becomes a shell game.

And now you don't have profit.

It's an expense.

And you just pretended you had profit.

So what we're going to do is when profit gets allocated, we're actually going to hide that away too.

Taxes, the same symptom can happen.

No, let me just take from the tax money.

No, no, that's for the government.

Let's hide that away.

So we set that up as a separate bank.

Now, we do touch it once a quarter.

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