Re:How Nasty Gal Went from an $85M Company to Bankruptcy
by wpietri on Sunday February 26, 2017 @09:48PM
(#13741464)
There are ways to turn revenue into a vanity metric. But that's true about profit as well.
In the long run, revenue means satisfied customers. That is the economic purpose of business: to create value for others. Yes, you need to do that sustainably, which means giving your investors a decent return. But you'll never make real long-term profits without creating value and taking in revenue.
In the long run, revenue means satisfied customers. That is the economic purpose of business: to create value for others. Yes, you need to do that sustainably, which means giving your investors a decent return. But you'll never make real long-term profits without creating value and taking in revenue.