What is the difference between profit and revenue?

There are technical answers and practical answers. In this episode, I provide a practical interpretation of the difference between profit and revenue in today's episode. Revenue refers to how well a business can market and sell its products and services. Profit refers to how well a company operates. As an owner, the math is essential, but the concepts behind revenue and profit are far more critical if you want to move your business through the Cash Flow Quadrant for Business Owners (see link below). By understanding what revenue and profit represent, you put yourself in a position to understand the strategies and tactics needed to get a better result. Experience has taught me that numbers don't tell the whole story. It's the details between the numbers that matter.

 

Watch this episode on YouTube:

https://youtu.be/XnbgKCa8veA

 

Cash Flow Quadrant for Business Owners

https://wp.me/p2Ckbx-1BD

 

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