RS060: Is Your Business Truly Profitable?

July 15, 2016 NaN
RS060: Is Your Business Truly Profitable?
Rogue Startups
RS060: Is Your Business Truly Profitable?

Jul 15 2016 | NaN

/

Show Notes

The P word.  Many startup founders fear this and in fact many of us avoid looking in depth at whether our businesses ACTUALLY make money.  Forget that our coveted Monthly Recurring Revenue is high. what about money in the bank?

Today Dave and Craig took a good, hard look at not just profitability in general but our own businesses to see what real profitability looks like.  The definition we’re using for whether a business is actually profitable is not just Revenue – Expenses but rather:

“Revenue – Expenses – Founder Salary = Profitability”

Far too often we neglect to pay ourselves first, and that is something that should become commonplace in business practices.  Neglecting our own financial wellbeing is a surefire way to burn out and quit the game of entrepreneurship too early.

So, is your business profitable?  How are you monitoring and managing profitability in your business?

Drop a comment in below or email us at podcast@roguestartups.com.

Other Episodes

Episode

March 02, 2017 00:55:41
Episode Cover

RS083: Building Funnels that Convert

Today Dave and Craig bring back AudienceOps founder Brian Casel to the show.  And today we’re talking all about building, evaluating, and optimizing sales...

Listen

Episode 0

June 17, 2020 00:38:47
Episode Cover

RS219: Product Led Growth with Moritz Dausinger

The term Product Led Growth is quickly becoming commonplace in the SaaS marketing and product world, but what does it mean when it comes...

Listen

Episode 0

January 20, 2022 00:31:46
Episode Cover

RS264: From Freelancer to Founder: Chase Clymer’s Journey to Successful Shopify Agency Owner

Today Dave chats with Chase Clymer about Chase’s journey from being in a band to running Electric Eye, a successful Shopify strategic consulting agency....

Listen