470: Make A Profit After Paying Yourself by Paula Pant of Afford Anything on Business Ownership Financial Decisions
Optimal Work Daily - Career, Productivity and Entrepreneurship
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Make a Profit After Paying Yourself
This is optimal start up daily, episode four 70. Make a profit after paying yourself. The biggest mistake i've made as an entre prunor confusing my role as an investor with my role as the general manager. In doing so, it's easy to confuse profit with pay check. You don't work for the stocks you own. If i bought stock in cococola, i wouldn't be expected to renovate the coke bottling factory or design the next coke commercial. As an investor, that's not my job. My job is to raise capital, accept the risk and collect the return.
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