A short YouTube advice clip (by Mark Evans DM) warning entrepreneurs against comparing their businesses to larger firms. The speaker explains that higher revenue does not imply greater profitability or better design, and advises focusing on your own financial metrics and profitability rather than chasing others’ topline figures.
Dangerous moves entrepreneurs are making. If you have a two million dollar year business, let's say, and you're measuring against some guy or gal that has a four million dollar year business, you could be in big trouble. Let me explain. Maybe the 4 million dollar business isn't designed to generate a net profit yet. Maybe they're moving into a different level. Unless you know that business 100% in and out their business. That's why I always say focus on your numbers, because that's all it matters. But there's no need to try to chase what they're doing. You may be profitable, way more profitable than the individual doing 4 million. Who knows? Not to say you can't learn from some of these things, but don't measure against the $4 million person thinking that you're doing something wrong. You might be doing everything right and just haven't had time to catch up to the next level.
