Worth It

How often do you hear an entrepreneur or business owner say “I made 7 figures last year”, and you assumed that meant they took home 7 figures? We’re here to break it to you real nice: 7 figures in revenue is not the same thing as 7 figures in profit. You want to aim for the stars when it comes to both your revenue and your profit, but it’s also important to know the difference so you can properly plan and leverage your business’s money for long-term growth and stability. Interested in how to do that? Listen in on Episode 90.   WHAT YOU’LL LEARN [01:02] The definition of revenue [01:09] The definition of profit [01:24] What’s really going on when people say they make 6 figures in their business [02:37] The “Ritz Carlton” difference and what it means for your brand [06:20] The value of sacrificing short-term profit for the long-term  [07:22] Deciding which is more important in your biz: profit or revenue [07:49] Why increasing revenue is much more valuable than cutting costs [08:07] The parallel