Episode 23 - If you think your business isn't creating enough profit, you're probably right. But, it's not for the reason you think! The reason you're not taking home enough profit is because you're not taking out profit first! In this week's episode, Mike Michalowicz argues that the traditional model of business (Revenue - Expenses = Profits) is wrong.Instead, you should use this model: Revenue - Profit = Expenses. Take profit out of the business first, then use the remaining money to pay taxes and expenses. This conversation is revolutionary, but it's the best way I've heard to ensure that you have a profitable business. If you're bringing home profit and not meeting expenses, the answer is to spend less money!Listen to this week's episode with Mike Michalowicz and learn how to create a wildly successful and profitable business just by taking out profit first!- Show notes with all resource links: CLICK HERE- Free Resource: Setting Reachable Financial Goals- Join the Business and Personal Finance for Physicians and Dentists Facebook Group!- FREE disability insurance quotes from Pattern: www.thescopeofpractice.com/pattern

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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