Bootstrapping an Online Fabric Shop and Growing to $20k per month

Re:Bootstrapping an Online Fabric Shop and Growing to $20k p... by ademup on Tuesday June 19, 2018 @12:07PM (#17347922)

I respectfully disagree. Without context, revenue by itself is less than 'who cares', it can be something of a damaging number in the sense that it can lead financially illiterate people astray.

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Re:Bootstrapping an Online Fabric Shop and Growing to $20k p... by rhizome on Tuesday June 19, 2018 @01:38PM (#17348674)

Lots of financially literate people exaggerate the significance of revenue numbers. It's a close cousin to EBITDA, often just a way to avoid admitting you aren't making money.

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Re:Bootstrapping an Online Fabric Shop and Growing to $20k p... by Afton on Tuesday June 19, 2018 @01:36PM (#17348660)

I don't see how you can solve the 'financially illiterate people [will be led] astray' with some other metric. Profit is similarly useless without context (e.g. Is this reoccurring, or one-time?). Giving all the metrics you might care to can still lead financially illiterate people astray.

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