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.

Appearances

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Young and Profiting (YAP) with Hala Taha: Entrepreneurship and Self-Improvement Podcast · Mike Michalowicz: The #1 Financial Principle for Building a Profitable Business | Finance | YAPClassic · 20 Feb 2026 podcast

We need to get new technology.

We need to hire that employee.

And we deplete the account immediately.

So those two things in that scenario work against us.

By taking our profit first, when sales comes in, we take a predetermined percentage of that money as revenue and remove it away.

It constrains the supply of cash.

Now Parkinson's law becomes our ally.

Because we're like, oh, I don't have $10,000 deposits.

I only have $6,000 available to operate my business.

And we constrain and control our spending around that.

And that $4,000 has been reserved for profitability.

So now we're making Parkinson's law our beneficiary, or benefactor, I guess is the word.

I think we look at profit in chunks by default.

If I get one more client or I get the big sale, finally we're going to get a chunk of profit.

But the reality is profit is something that needs to be a habit or habitual.

We build at it.

It's kind of like saying, I'm going to go transform my body by going to the gym one time and work out like an animal, and I'm going to come out with a perfect body.

We know that to have transformational effect on our body, we need to exercise regularly for a sustained and perpetual period.

Well, this is true for the

fiscal body, if you will, of the business.

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