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

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Manage episode 278385164 series 1094086
By Ingrid Thompson and Ingrid Thompson simplifies how we build a business.. 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.

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In today's episode:

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.

156 episodes