this post was submitted on 17 Nov 2023
1 points (100.0% liked)
Entrepreneur
0 readers
1 users here now
Rules
- No Personal Attacks - criticism of ideas is allowed, attacking people is not.
- Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
- No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
- Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.
Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.
founded 10 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The truth for most businesses is it varies by month and where you are on the journey. Some months you loose money, some phases you hire aggressively and have a high burn rate during growth. Some months, be it seasonal or phase, you make money and it goes straight to the bottom line, directly to the owners. Other times you make money on paper and in reality it’s just stock on a balance sheet, and you borrow to pay the taxes on the profits.
The reality here, and point of this comment is that the comments here make profits look like a straight line chart that’s very predictable. Often this is not the case.