Mike Michalowicz > Quotes

“Excuses are like assholes. Everyone has one, and they all stink.”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“All revenue is not the same. If you remove your worst, unprofitable clients and the now-unnecessary costs associated with them, you will see a jump in profitability and a reduction in stress, often within a few weeks. Equally important, you will have more time to pursue and clone your best clients.”
― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine

“A financially healthy company is a result of a series of small daily financial wins, not one big moment. Profitability isn’t an event; it’s a habit. WHY”
― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine

“Profit is not an event. It's a habit.”
― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine

“Putting your nose to the grindstone is a really easy way to cover up an unhealthy business. We think that if we can just work harder, longer, better—if we can just hold out—something good will happen one day.”
― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

“Small, repetitive, continuous actions, chained together, build momentous momentum”
― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

“A lack of profitability is consistently the major reason cited for business discontinuation.”
― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

“The old, been-around-forever, profitless formula is: Sales – Expenses = Profit The new, Profit First Formula is: Sales – Profit = Expenses The math in both formulas is the same. Logically, nothing has changed. But Profit First speaks to human behavior—it accounts for the regular Joes of the world, like me,”
― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine

“Action is the only way to make progress. Take action now; don’t wait for a convenient time. It can’t be overemphasized.”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“Mistakes are good, successes are great and idleness is a sin.”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“Ideas don’t make money, effort does.”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“Success in business isn’t about being right; it’s about being committed.”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“You are no longer asking, “How can I make my business bigger?” You are asking, “How can I make my business healthier?” WHAT”
― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine

“Your success is entirely contingent upon your foundation of enabling beliefs, your relentless focus, and your actions consistent with those beliefs and focus.”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“Luck isn’t about fate, or worth, or karma, or tiny green Irish men. Luck is about foresight paired with strategic action. Luck is about planning. Luck is about deliberately putting yourself in the right spot at the right time.”
― Mike Michalowicz, Surge: Time the Marketplace, Ride the Wave of Consumer Demand, and Become Your Industry's Big Kahuna

“Working on your business is about building systems. Period. An entrepreneur is someone who finds the solutions to opportunities and problems and then builds systems to consistently deliver those solutions through other people or things. However,”
― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine

“We assume that multimillion-dollar companies are turning big profits, but it’s rare to find a truly profitable business.”
― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine

“los humanos no somos lógicos.”
― Mike Michalowicz, La ganancia es primero: Transforma tu negocio en una máquina de hacer dinero

“Here’s the deal, my friend: Profit is not an event. Profit is not something that happens at year-end or at the end of your five-year plan or someday. Profit isn’t even something that waits until tomorrow. Profit must happen now and always. Profit must be baked into your business. Every day, every transaction, every moment. Profit is not an event. Profit is a habit.”
― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

“What you want is a business that is positioned to scale to the point where you are managing people and constantly improving internal systems – not working to serve customers.”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“A belief is what your inner emotion is telling you. A belief is the inner, unswayable knowledge of what you know to be true. It’s”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“Entrepreneurs identify the problems, discover the opportunities and then build processes to allow other people and other things to get it done.”
― Mike Michalowicz, The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field

“When less money is available to run your business, you will find ways to get the same or better results with less. By taking your profit first, you will be forced to think smarter and innovate more.”
― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

“Without enough money, we cannot fully realize our authentic selves. Money amplifies who we are. There isn’t a single ounce of doubt in my mind that there is something big you are intended to do on this planet. You wear the cape of what I believe is the greatest of all superheroes: the Entrepreneur. But your superhero powers can only yield as much power as your energy source provides. Money. You need money, superhero.”
― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

“The new definition of success is not about the most revenue, employees, and office space but the most profit, generated through the fewest employees and with the least expensive office space. Make the game of winning based upon efficiency, frugality, and innovation, not on size, flair, and looks.”
― Mike Michalowicz, Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

“To be a successful entrepreneur, you have to have a certain level of ignorance, because if you knew what was ahead when you started out, you’d never start.”
― Mike Michalowicz, Surge: Time the Marketplace, Ride the Wave of Consumer Demand, and Become Your Industry's Big Kahuna

“When you achieve this, your main job becomes building repeatable systems in order to ensure that every client has the same, the identical experience, every time.”
― Mike Michalowicz, The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field

“Money covers up problems and weaknesses.”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“no matter which path you choose, you have to do it with strong beliefs, absolute focus, and loads of effort.”
― Mike Michalowicz, The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.

“At the end of the day, the start of a new day, and every second in between, cash is all that counts. It is the lifeblood of your business. Do you have it or not? If you don’t, you’re in trouble, and if you do, you can sustain. GAAP”
― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine