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#714 Profit vs. Revenue and the Inside Scoop on Events for Founders
Tropical MBA: Entrepreneurship & Founder Lifestyle
How to Rejigger Your Profitability
When we sold our last business, we were really concerned about the profit and we backed out owner expenses like a year before. So if you find yourself in a position where you're curious about what your profit should be, my suggestion would be start with your livable expenses to see how far ahead of that you are. You basically live cheap, reinvest, kickass. 100% unless your idea is to sell within like three years and then maybe you might act differently.
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