Startups For the Rest of Us

Episode 770 | Revenue vs. Profit, Asking for Permission, and Mike Tyson (A Rob Solo Adventure)

43 snips
Apr 15, 2025
Dive into the intriguing debate of revenue versus profit in the SaaS world. Discover why waiting for permission can stifle innovation. Get inspired by Mike Tyson’s relentless work ethic and George Lucas's visionary creativity as you navigate obstacles. Learn the importance of understanding both income and expenses for true financial health. Remember, you don’t have to be the best to succeed; persistence and a unique vision can set you apart in your entrepreneurial journey.
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ADVICE

Revenue vs. Profit

  • Consider expenses alongside revenue metrics like MRR and ARR for a complete financial picture.
  • SaaS businesses historically have lower costs, but factors like AI and other API integrations are changing this.
ANECDOTE

Defeatism vs. Perseverance

  • Rob Walling recounts a story about a film school graduate who gave up on directing after initial setbacks.
  • The graduate's defeatism and reliance on excuses for inaction left a lasting impression on Walling.
ADVICE

Don't Ask for Permission

  • Don't ask for permission; ship your products and projects without waiting for external validation.
  • Surround yourself with people who get things done and believe in taking action.
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