Thanks to Rocky Lalvani and the Profit Answer Man podcast for the recent episode!
Net or Gross, Revenue or Profit. I see these terms tossed around in business many times as if they mean the same thing – or entrepreneurs know the difference, but they are focused solely on their top-line revenues.
When I hear somebody celebrate that they crossed the $1M revenue mark, the question is, ok, is that good?
Of course, it is, right?
From being in business and working with many more, I can tell you it is a lot more fun to work with a $1M revenue-generating company with 60% profit than working with a $10M revenue-generating company with only 10% profit.
In this episode, Rocky and I talk about this issue regarding revenue and profits, along with what it takes to build and scale a profitable business.