@BillMelugin_ small sample size very biased, since America is a country of merit, shouldn’t “kids” who grew up here & contribute to society continue to? Makes 0 sense to deport working class adults who made their lives in America - they had no choice as a child they were brought here
This is very true.
Rough math of running an ecom brand to 50m in 6 years:
Lets say you bootstrap an ecom brand to 50m.
An impressive feat- rare air here.
You have a partner in the biz, plus some employees have equity.
You own 45%.
Revenue and profit per year:
Year 1- 1m topline / breakeven
Year 2- 4m topline / 500k profit
Year 3- 10m topline / 1m profit
Year 4- 20m topline / 2m profit
Year 5- 35m topline / 3m profit
Year 6- 50m topline / 5m profit
For the sake of simplicity, this is a C corp.
Year one you use savings and vendors to fuel growth.
Year two, you use debt, but still show a tiny profit.
You will owe 150k in tax on that 500k.
Leaving 350k in the business to fuel growth.
If anyone reading this has gone from 4m - 10m in a year, you know it takes a LOT more than 350k to do it.
So that inventory is being paid for with debt, dragging down your profit.
10m to 20m, its the same story.
You are paying 500k in taxes on that 2m in profit, and all the extra cash (1.5m) is going into the business to fuel growth.
In year 6 you can finally break the debt fueled inventory cycle, and if you slow growth to 60-70m in year 7, you can prob end the year with close to 10m in profit.
Year 7 will be the first time you take a million dollar dividend.
If you get to year 7 and end at 65m topline / 10m profit, you will pay 3m in taxes.
Leaving 7m, you can take out 2m-3m in dividends, pay taxes on that, and end the year with 1m in free cash in your pocket.
Remember, you dont own 100%...
That is 7 years, 200m in topline sales, to end with 1m-2m in cash.
Now, you get a salary this whole time.
And your business is valuable. Very valuable.
But this isnt a service business, it isnt SAAS, it isnt info.
You are buying and selling physical things, and you need to have the inventory to grow.
I have lived this experience.
You need 10 years and a lot of luck to make money in ecom.
You can get rich, but it is a get rich slow business.
@TaylorHoliday FCF = do what you want with the $
grow, save, sell it doesn’t matter if your earning serious cash, most products fall into expanding outside their hero product which makes inventory sit = limits cash cycle, there goes your projections
@Seanfrank nailed it
circa 2018 checking sales on micro brand popping off while poppin bottles w the homies @ up&down nyc
had a bro who was a promo who had pull @ the best venues 💀 unforgettable nights with good friends & company - gotta work hard & play hard or else what’s the pt
The small things are the biggest indicator of the big things - your values.
Huge respect for the Japanese national team and their wonderful culture, values and people.
On top of this... photo's have emerged of large groups of Japanese fans staying behind after the game to clean all of the stands.
This isn't just a clean dressing room, it's a clear demonstration of values.
It's a statement about respect, gratitude and attention to detail.
@geecee00 Lmfao i saw u train @ fitness factory the a couple weeks ago, you were doing every workout wrong or half assed or trying to move too much weight 😅😅 go get lipo idk if there’s any hope for you w that attitude 🤦🏻♂️🤦🏻♂️