4 ms·
I don't really think so. When you are selling products it's specifically different than a salary. If I sold 10k widgets for $10 a piece and said my business m
by eof 16y ago
I don't really think so. When you are selling products it's specifically different than a salary.
If I sold 10k widgets for $10 a piece and said my business made a 100k last year, ignoring rent, cost of widget and labor, that would definitely be misleading.
Besides, there are still taxes paid on top of whatever they did bring in, so it really doesn't fit your cute analogy. They paid free lancers, etc.
I mean I don't care, but "How much do you make" has built into the question the idea that everyone who gets a salary pays taxes, etc. When you are talking about a business 'making money' it is built into the question that there are costs associated with it.
- ahoyhere 16y agoYou may be technically correct, but if I rolled all the money back into salaries & dev, and profited zero, people would still want to know the $216k number - because anyone could make $0 in profit :) That said, I have $60k just sitting in my bank account right now - and it feels goooood.
- eof 16y agoOh yeah, it's definitely something people want to hear about, myself included. Plus, I understand 'products' like these have a much much higher margin than most other businesses. I was just saying cash flow != income.
- ahoyhere 16y agoFair, I'll try to be more clear next time. I was bristling at the idea that people think I was being misleading, when the reality is, that's the word I think in, cuz I am not an accountant. I pay somebody else to think about that for me ;)
- aaronblohowiak 16y agonet vs gross is a little ambiguous in english unless those terms are used.
- eof 16y agoyeah but it's idiosyncratic in talks about salaries (gross) and a business making money (net)