What Is the Profit First Method? Definition & Overview

What Is the Profit First Method? Definition & Overview

What is the Profit First method? In what way is the Profit First accounting system superior to traditional methods? Mike Michalowicz, a business makeover specialist and entrepreneur, believes that traditional accounting methods often fail in the long term because they prioritize the wrong things. The Profit First method is Michalowicz’s alternative to traditional business accounting. In this article, we’ll explore the main principles of traditional accounting, Michalowicz’s argument for why they don’t work, and the main tenets of his Profit First accounting method. 

Cost-Cutting in Business: 4 Failproof Methods

Cost-Cutting in Business: 4 Failproof Methods

Are you looking to cut down on your business expenses? How do you determine what your business needs and what can be cut? When it comes to cost-cutting in business, it should never be done at the expense of your crucial functions. Before you cut costs, identify resources you couldn’t do without and cut only what you don’t need. Here’s how to lower your business expenses.

How to Pay Yourself as a Business Owner

How to Pay Yourself as a Business Owner

How much of your company’s monthly profit should go into your salary? How much should you reinvest back into the business? As a business owner or entrepreneur, it’s difficult to know how much of your profits you should keep for yourself and how much should be reinvested into the business. Some owners splurge and go overboard while others pay company expenses with their income. Here’s how to pay yourself as a business owner, according to Mike Michalowicz.

Stumbling on Happiness: Quotes From Daniel Gilbert

Stumbling on Happiness: Quotes From Daniel Gilbert

Are you looking for Stumbling on Happiness quotes? How can these quotes make you think differently about happiness?  In Stumbling on Happiness, Harvard psychology professor Daniel Gilbert points out that our imaginations, memories, and perceptions of the present are highly subjective and inaccurate. When we make choices about our futures based on this inaccurate information, those choices end up hindering our future happiness. Here are some of the best Stumbling on Happiness quotes with explanations.

Stumbling on Happiness: Review & Critical Analysis

Stumbling on Happiness: Review & Critical Analysis

Are you considering reading Stumbling on Happiness by Daniel Gilbert? How was the book received by the public and critics? If you’re looking for a how-to guide on happiness, look elsewhere. In Stumbling on Happiness, Harvard psychology professor Daniel Gilbert shows how, despite our best efforts, we often fail to make choices that maximize our future happiness. It seems that we more often stumble on happiness than successfully create it. Here’s our Stumbling on Happiness review.

Describing Happiness: 5 Reasons Why It’s So Difficult

Describing Happiness: 5 Reasons Why It’s So Difficult

Have you ever tried to describe happiness to someone? Why is it so difficult to discuss happiness in an objective way? Daniel Gilbert, Harvard professor and the author of Stumbling on Happiness, theorizes that happiness is difficult to describe and discuss for five specific reasons. Gilbert further theorizes that most of the time people don’t even realize when they’re happy or unhappy, which complicates the issue further. Here’s why it’s difficult to objectively discuss and describe happiness.

How to Talk About Happiness (Daniel Gilbert)

How to Talk About Happiness (Daniel Gilbert)

Have you tried to talk about happiness but don’t know how to describe it? What two propositions did Daniel Gilbert give on how to discuss happiness? Daniel Gilbert is an award-winning writer, teacher, and researcher in social psychology. In his book Stumbling on Happiness, Gilbert points out why it’s difficult to talk about happiness. He proposes two methods for discussing happiness despite the difficulties. Here’s how to have a constructive talk about happiness.

A Look at the Future of VR (Outside of Gaming)

A Look at the Future of VR (Outside of Gaming)

How can virtual reality be useful outside of gaming? Is VR the future? Will the virtual world sever interpersonal relationships? What kind of effect will VR have on mental health? When most people think of virtual reality, they think of an expensive gaming headset with mediocre graphics and limited games. However, VR is for a lot more than just video games. VR technology is becoming more prominent in healthcare, education, and even in the workplace.  Learn why VR may just be the future of technology.