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Profitable does not mean 'making more money than you could otherwise', profitable does not mean 'worthwhile', profitable does not mean 'sustainable without ones
by jmduke 14y ago
Profitable does not mean 'making more money than you could otherwise', profitable does not mean 'worthwhile', profitable does not mean 'sustainable without ones founders.'
Profitable means making a profit. End of story.
This is a petty, semantic issue. if a company is making $50/month in profits, then the issue isn't that they're calling themselves profitable, its that they're only making $50/month.
- Deregibus 14y agoIt's really a question of how time factors into your accounting. If you're spending 10 hours to make $50, then it's tough to claim that as a $50 profit unless your time is worth less than $5 an hour. Of course there are cases in which your time is worth less than $5 an hour (you don't have any other prospects for making money). Or if you enjoy what you're doing it might only be 1 hour of "work" with 9 hours of enjoyment. The point is that completely ignoring time spent is just bad accounting.