Hey Trybe, welcome back to another podcast episode of the Doing Business with God podcast. In correlation with our podcast episode number 12, today we are going to discuss Revenue vs Profit. There are a lot of people who mis-understand and look at Revenue and Profit in a wrong way resulting in inaccurate figures which can cause a lot of consequences in your business. So in this episode, I clearly discuss the differences and relation to each in a simple way. Learn how these financial metrics can help you determine your Financial Health.
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In This Episode You’ll Learn:
2:35 - The difference between revenue and profit
3:11 - What is Revenue?
4:15 - How to calculate Revenue
4:46 - What is Profit
5:58 - How to calculator Profit
9:18 - Monetization Strategy
10:30 - Three Categories of Profit
11:44 - Comparison of Revenue and Profit
12:29 - The Relationship Between the Revenue and Profit
14:34 - Where to Find the Revenue and Profit in Income Statement
15:03 - What You Need in Your Business (Legal Structure and Legal Entity)
18:48 - Revenue vs Profit in Real Life
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