Profit is a measure of business success from "summary" of Profit First by Mike Michalowicz
Profit is the ultimate litmus test for a business. It is a clear indicator of how well a business is doing. When a business is profitable, it means that it is generating more revenue than it is spending on expenses. In other words, it is making more money than it is spending. Profit is the reward for all the hard work and effort that goes into running a business.
A profitable business is a successful business. It is able to sustain itself and grow over time. Profit is what enables a business to invest in new opportunities, expand its operations, and ultimately thrive in the long run. Without profit, a business cannot survive. It is the lifeblood of any organization.
Profit is not just about making mo...
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