
#116: Mike Michalowicz—How to Structure Your Business Finances to Maximize Profit
The StoryBrand Podcast
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Properly Managing Business Finances
This chapter emphasizes the importance of managing business finances, specifically taxes, and avoiding the common mistake of under-reserving. It explores the psychological aspect of loss aversion and discusses the allocation percentages for different categories of a business's income based on a study of fiscally elite businesses.
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