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2min chapter
Lessons - Bootstrapping Your Way to a Billion | Liz Elting - CEO at Elizabeth Elting Foundation
Success Story with Scott D. Clary
The Significance of Ownership and Profitability in Entrepreneurship
This chapter emphasizes the critical role of ownership stakes in business, warning entrepreneurs about the dangers of early investment and equity dilution. It also clarifies the difference between revenue and profit, underlining the importance of maintaining profitability while preserving a majority stake in one's company for long-term success.
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