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> Does the business turn a profit? Is the profit greater than their payroll? How many founders know their EBIDTA? The first two questions are considerably more
by yid 11y ago
> Does the business turn a profit? Is the profit greater than their payroll? How many founders know their EBIDTA?
The first two questions are considerably more important than the third. That many founders do not know answers to the first two is less excusable than knowing a fairly specific accounting metric.