📺 Stream EntrepreneurTV for Free 📺

Create a Foolproof Plan for Your Company's Fiscal Health Your business will be permanently profitable after this expert-led course.

By Entrepreneur Store Edited by Jason Fell

entrepreneur daily

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Rawpixel

You've probably seen fellow entrepreneurs hit the ground running with a great idea and plenty of cash from investors, only to watch their startups fizzle out after a few years.

Why do some companies seem like a sure thing out of the gate, then turn out to be lemons when push comes to shove? The answer lies in each leader's financial knowledge and plan (or lack thereof). A stellar financial strategy is a lynchpin in any successful business. No matter how revolutionary your ideas are, your business simply can't survive or thrive without a profitable financial blueprint.

In order to kickstart a company that will become profitable and stays that way, you need to turn outdated ideas about business finance on their heads. You don't need a pricey MBA to do it, either: an expert-led course like Manage Your Money for Maximum Profit with Mike Michalowicz should do the trick.

Mike Michalowicz is an entrepreneur, author and money guru who knows a thing or two about creating a financially stable company that's built to last. His valuable new class is based on his latest book, "Profit First." It's an immersive course that helps you understand shockingly simple yet novel concepts about financial management and growing your own business.

Michalowicz's core four principles of financial health will get the ball rolling for your inventive ideas, then create a profitable "rhythm" for your company that leads to long-term gains. His approach goes beyond numbers, tackling the psychology of why new C-suites make the same money mistakes again and again and showing you how to avoid those missteps.

Profit from sales isn't the only way to rake in cash for your business. You can also bring in more money with intelligent cost-cutting, strategic renegotiating and discovering lost revenue opportunities — Mike covers all of the bases in this class. He even has roadmaps for entrepreneurs whose credit card or loan debt is holding them back.

If you're ready to dive into business classes that go beyond cookie-cutter financial advice, you can sign up for Manage Your Money for Maximum Profit with Mike Michalowicz for $14.99 right now. That's 68 percent off the normal price of $49 — it's the first of many smart investments you'll make as a business owner.

Entrepreneur Store

Entrepreneur Leadership Network® Contributor

Entrepreneur Store

Your one-stop shop for the latest technology, online courses and productivity tools to help your business and personal growth. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Starting a Business

This Couple Turned Their Startup Into a $150 Million Food Delivery Company. Here's What They Did Early On to Make It Happen.

Selling only online to your customers has many perks. But the founders of Little Spoon want you to know four things if you want to see accelerated growth.