163 - Mike Michalowicz Talks Profit-First Strategies, The Queen Bee Concept, and More

This week, we’ll be learning profit-first strategies, managing business expenses, and more from none other than the author of Profit First himself, Mike Michalowicz.Mike is the Founder of Profit First Professionals and the Co-Founder of Provendus Group. He also authored The Pumpkin Plan and Clockwork, which are favorites among businesspeople. Mike also has a new book coming up titled Fix This Next which will surely be worth your time to read.This episode is just a gold mine of wisdom for anyone looking to improve their profits while creating an impact. We hope you enjoy this episode!SHOW NOTES [0:01:21.1]  Mike’s favorite among all his book[0:01:51.3]  Rapid-fire questions: what he’s currently reading, people who inspires Mike, childhood aspirations, favorite motto[0:05:14.8]  From working at a computer store to becoming an entrepreneur/author today[0:07:57.8]  Why your health is of utmost importance[0:09:07.2]  What Fix This Next is about (Mike’s new book)[0:10:54.2]  5 Levels of Business Needs: Sales, Profit, Order, Impact, and Legacy[0:13:04.5]  Breaking down the Profit-First strategy[0:15:34.9]  Making sure that each expense has a corresponding ROI[0:17:29.9]  How to make your business run itself[0:19:33.3]  Mike explains the “Queen Bee Role (QBR)” concept[0:20:47.9]  Action steps for clinic owners[0:23:33.9]  Steps you can take to make an impact[0:25:15.5]  How can we leave a legacy?[0:28:04.2]  What role does a mentor play in helping businesses?[0:29:32.8]  Know more about Mike and all his booksQUOTES“When we’re comfortable, we could be of greatest service to others.”MENTIONSTalking to Strangers by Malcolm Gladwell (book)Extreme Ownership by Jocko Willink (book)MIKE’S BOOKSThe Pumpkin PlanProfit FirstClockworkFix This Next (new book) CONNECT WITH MIKELinkedInWebsite If you like this episode of the Grow My Clinic podcast, please don't forget to like, share, comment, and give us your ratings on iTunes and Stitcher.We appreciate your support and feedback!If you found this episode valuable, please give us a thumbs up, share, comment, and give us your ratings on:iTunes - https://podcasts.apple.com/us/podcast/grow-your-clinic/id1332920944?mt=2Spotify - https://open.spotify.com/show/03nmt7gYDfeeOPV6qBmVTuWatch on YouTube - https://www.youtube.com/@clinicmasteryWe appreciate your support and feedback!