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4min chapter
Business Breakdown Duel & The Story of Nike's Sonny Vaccaro
My First Million
Introduction
So Scotland is home to one of the coolest SaaS businesses that I've ever heard of. It's called Petroleum Exports and it's known as Pet Tax. Last year they made 78 million pounds in revenue, which is about $100 million USD. And on that $100 million in revenue, about 67 million of it was profit. They paid a dividend of 41 million pounds, which isAbout $60 million. And it wasn't even retained to the company,. For every dollar they took about $52 went directly to the, or 52 cents went directly to their pocket.
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