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by lostboyscratch
1596 days ago
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$460k sales with $8k profit (1.7%). We lose $ on every sale but make it up on volume? Sorry this blog has no substance because it doesn't articulate the elephant in the room. After 4 years you have some revenue, but you don't have any profit...therefore you are continuing to fail. Unless the line 'Software Development' is what you paid yourself to develop the software. If so you have:
460k sales with 127k owner benefit (27% profit). |
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This feels like a fairly shallow dismissal given that I'm sharing more detail than the vast majority of private companies.
The only reason you're able to nitpick the finances is because I'm laying out my costs, whereas most other people share only revenue, at best.
> After 4 years you have some revenue, but you don't have any profit.
TinyPilot is 18 months old. It had $3k in cash profit and ended the year with $59k in inventory on $460k in sales. I could have optimized for short-term profit, but I'm investing in long-term growth. It's a hardware business, so there a lot of up-front costs that pay dividends over years.
> therefore you are continuing to fail.
Not your judgment to make.