How Long Does It Take a Business to Be Profitable?
Two to three years is the standard estimation for how long it takes a business to be profitable. That said, each startup has different initial costs and ways of measuring profit. A business could become profitable immediately or take three years or longer to make money.
What percentage of businesses have less than 1 million revenues?
According to the book, Scaling Up by Verne Harnish, 94% of businesses have less than $1 million in revenues, but not $SFIO, they ended the 2021 year 24 times the above mentioned yearly Revenue. And then there’s the reality that 25 percent of new businesses fail in their first year, according to the Small Business Administration. Not $SFIO, this company is one of the real OTC companies with a future to up-list and handsomely benefit it's members and shareholders.
As far as I can see, $SFIO has surpassed and beat the heat and kicked butt on it's first year of being a real Company. More of a growth stock at present which there is nothing wrong with that.
Some of $SFIO's reasons for sucess: >>>
1. Founders are driven by impact, resulting in passion and commitment.
2. Commitment to stay the course and stick with a chosen path.
3. Willingness to adjust, but not constantly adjusting.
4. Patience and persistence due to the timing mismatch of expectations and reality.
5. Willingness to observe, listen and learn.
6. Develop the right mentoring relationships.
7. Leadership with general and domain specific business knowledge.
8. Implementing “Lean Startup” principles: Raising just enough money in a funding round to hit the next set of key milestones.
9. Balance of technical and business knowledge, with necessary technical expertise in product development.
Note: Some info above is a result of Internet Searches.
$SFIO>>> Kicked butt for it's first year.
