Fireside Chat: Startup Agency Story, with Nigel Thomas
The Agency Profit Podcast
The Difference Between Unit Economics and Financial Literacy
There will always be a delta in between unit economics and your financials. It's one thing to say, when I sell a project based on the amount of time that goes into that and the cost of that time, our margins are 70%. But then there's what you're talking about, which is I'm going out and invest in hires before I need them. And if you can't tell the difference between those things, it's probably an issue. "I think this is where there's a lot of merit to a having good financial literacy"
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