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#714 Profit vs. Revenue and the Inside Scoop on Events for Founders
Tropical MBA: Entrepreneurship & Founder Lifestyle
How to Maximize Your Profit
A lot of businesses fall into this trap where they get themselves to a certain point in their revenue and then figure out, okay, how am I to carve out my profit or like my personal income? Yeah. And they sacrifice growth because of it. If you are simply plowing as much money out of the business as you possibly can, it's very hard to grow the revenueBecause you don't have an engine anymore. A lot of founders find themselves with this dilemma, which is like, should I make more money personally or should I grow my business? The next model I wrote down here is Ian is the Bezos strategy.
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