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Wednesday, December 19, 2012 1:45:12 AM
If I own a business, in part or in whole, how do I make money? Only when the company makes money. If the company doesn't make money, I don't make money. If the company loses money, I lose money.
If a product costs $1.2 to make and sells for $1.00, the more I sell of it the more I lose. Therefore, I don't want to sell more until I either reduce the production cost or increase the selling price.
If I've been in business for four years and have lost money all four years, the chances of me succeeding the fifth year are slim to none.
Even this guy understands these simple concepts:
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