{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"#127 Profit First Explained: New Cash Flow Insights for Entrepreneurs | Mike Michalowicz","description":"Welcome back to the podcast! In today\u2019s episode, Chantel sits down with bestselling author and business expert Mike Michalowicz! Mike is the author of Profit First, a groundbreaking book that flips the traditional accounting formula and empowers entrepreneurs to prioritize profit. In this powerful Q&A-style episode, Chantel and Mike tackle real questions from business owners facing today\u2019s economic challenges. They dive into how to handle tough staffing decisions during a down market, when (and how much) to cut marketing expenses, the ideal balance between admin and sales, and how to measure team performance with his ROP (Return on Payroll) method. You\u2019ll also learn Mike\u2019s simple yet game-changing \u201cof service\u201d sales strategy, how to effectively fractionalize your workforce, and why you should delegate what you love to truly step into the role of business owner. Whether you\u2019re a solo entrepreneur or leading a growing team, this episode is packed with honest advice, strategic insight, and practical tools to help you stay profitable and lead with confidence. \ud83d\udcda Grab Mike\u2019s book Profit First: https:\/\/mikemichalowicz.com\/books\/#profit-first \ud83d\udd14 Like, comment & subscribe for more business wisdom every week! #ProfitFirst #MikeMichalowicz #SmallBusinessTips #EntrepreneurLife #BusinessStrategy  ","author_name":"Grow Scale and Exit Podcast","author_url":"http:\/\/reallifeleaders.com\/podcast","html":"