E145 Profit vs Revenue - what's the difference? and why does it matter?

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By Ingrid Thompson and Ingrid Thompson is helping entrepreneurs create Financial Independence. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

At least a couple of times a week someone asks me this question:

What is the difference between Profit and Revenue?

and why does it matter to understand the difference?

In this short episode I explain the difference in a number of different ways that I trust will be helpful for you to understand the difference.

It is important to understand that revenue is very different to profit.

My guess is that you are here because you want to build and grow a successful and profitable business

I’m here to help you.

Everything I do in my business, every decision I make is based on this question: will this contribute to helping you, my listener take the steps to create a successful, viable and profitable business so that you can achieve Financial Independence?

This is why I do what I do

Connect with me on LinkedIn: linkedin.com/in/ingridthompson

There are 2 ways you can access all my best material:

Come join us in this FB Group: Healthy Numbers Profit Lab the community for business owners and entrepreneurs who want to build and grow a profitable business.

https://bit.ly/HNProfitLabGroup

AND

Read my book! It is a Business 101 and can answer pretty much all your business questions. It is your step by step guide to launching and growing your business smarter and faster.

“So You Want to Start a Business”

You can order your FREE copy right here – you only pay for postage and handling: http://bit.ly/ThatBook

It’s so exciting to be sharing it with you.

If you prefer the kindle Head over to Amazon

Happy reading!

152 episodes