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#756 - The Million Dollar Service Business Playbook
Tropical MBA: Entrepreneurship & Founder Lifestyle
Building a Profitable Asset
To build a profitable asset in your business, you need to ensure that you can turn a profit after properly compensating the roles within your business. There are eight functions in any business, including CEO, sales, marketing, operations, finance, technology, HR, and customer advocacy. By allocating percentages to each function and paying yourself a market rate, you can assess if your business can generate a profit independently without relying solely on a super founder.
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