this post was submitted on 20 Nov 2023
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Can posters please add if that's revenue or net profit and details about the business or any advice you want or give.
Otherwise it's more a message to your friends since we are all here lacking context
It’s 95% profit. My profit margins are very good with this business
You gotta pay the person who does the music (you), don't you?
I imagine it's the same thing (they pay themselves the 95%), given it's likely a non-incorporated business with a single owner.
Your question makes more sense where there are multiple owners or whede profits are pushed back into growing the business and the owner works for free, but even then it's really only an issue if you're seeking a valuation based on the profit. This is why you hear this question asked so often on Shark Tank.
But it doesn't really matter how you slice it, profit is profit. If OP can live cheap and reinvest profits, good for them