morticaixavier:
I see this confusion between ‘profit’ and ‘earnings’ a lot. a profit is what’s left over after you pay for everything, including your labor. If what you want to do is make a living doing something you love profit only has to be enough to ensure a comfortable retirement. If you are in it to run a business then profit is more important because you need to show potential investors how much money can be made without effort on their part. If you are calculating your ‘profit’ as how much money you take home at the end of the year and you are actually doing work in the business you’re not calculating it correctly. If you aren’t doing any work and you are still taking home money at the end of the year that’s ‘profit’.
there was a brewery not far from here that crashed and burned, the owner seemed to be doing well and living the dream. The creditors eventually had enough.
That’s a different story. He was making losses and covering with credit
stevo155
(theDarkSide)
December 30, 2015, 4:48pm
43