Net is only around 10% because so much reinvestment into this level of scale. It will go up, but he is in super growth mode. He doesn’t think 10% is good but for this rate of growth I think it’s really solid. Your margins are always lower when in growth mode.
Net is only around 10% because so much reinvestment into this level of scale. It will go up, but he is in super growth mode. He doesn’t think 10% is good but for this rate of growth I think it’s really solid. Your margins are always lower when in growth mode.
I think you keep posting that. I have some other interviews with people focused more on lifestyle and margin too. It’s the great thing about entrepreneurship - create it how you want it. Everyone I’m interviewing is around 50% gross profit, Net profit is the bottom line than matters. Just to be clear.
Playing another game! 🤯 Thanks for the podcast!
Yea he’s doing some amazing work. Excited to see things in another 1-2 years for him. 💪
If I had a penny every time this guy said um, I would have 29.4 million right now
stop exaggerating, you'd barely get 29.3 million and you know it
Both of them!
@@TheLifeGiver 😂😂
What his profits
Net is only around 10% because so much reinvestment into this level of scale. It will go up, but he is in super growth mode. He doesn’t think 10% is good but for this rate of growth I think it’s really solid. Your margins are always lower when in growth mode.
He also just texted me… he is building this like a manufacturing company and benchmarking it that way. Average manufacturing profit is 8%.
This Guy Is An Amazing Builder!!
Net?
Net is only around 10% because so much reinvestment into this level of scale. It will go up, but he is in super growth mode. He doesn’t think 10% is good but for this rate of growth I think it’s really solid. Your margins are always lower when in growth mode.
He also just texted me… he is building this like a manufacturing company and benchmarking it that way. Average manufacturing profit is 8%.
30-40 % profit margin?
Yea. Net around 10 right now. See my other comments
I'd rather do 1 million @50% GP.
I think you keep posting that. I have some other interviews with people focused more on lifestyle and margin too.
It’s the great thing about entrepreneurship - create it how you want it.
Everyone I’m interviewing is around 50% gross profit,
Net profit is the bottom line than matters. Just to be clear.