EBITDA Mike at Simple Modern mentioned that Yeti EBITDA is in the low 20%. He says it is the same at Simple Modern, low 20%. Gross Margins Yeti: 55% Simple Modern: 31% – Mike Beckham (SimpleModern), E012: Twitter vs Threads, Prime Day Deal/No Deal, Definitive COGS, Margins, Profit Per Day & More Continue reading EBITDA and Gross Margins Examples
How much toothpaste do you use when you have a brand-new tube of toothpaste? A big ol’ glop of it, right? But when you open that cabinet drawer and find a nearly empty tube… my oh my, how the game changes. It starts off with an insane amount of squeezing, twisting, and turning. […] With a precarious balance of biting, one hand squeezing and tube twisting, while your other hand somehow tries to get the brush bristles to scoop out toothpaste, you have a victory. Isn’t it funny how much we change based upon what is available? Here is what … Continue reading Parkinson’s Law: Money Management
No one can profitably change habits in paid prints. Instead, the advertiser comes in when those habits are changed. He says “Here is the right method”. Converting new users was a very expensive proposal. No new user would pay us in his lifetime the cost of his conversion. -My life in advertising, p.95 Continue reading No advertising campaign can educate readers into a new habit profitably, none.
Most business failures come from it. You should be obsessed about cash flows. Make sure to never run out of money. … or you will lose control and ownership of your business. If cash flow is good, then no matter how badly run or poorly managed a company is, there is always a decent chance of tunring its fortunes around. -How to get rich, p.92 Continue reading Overoptimism concerning cash flow is FATAL
-Does it have a strong reputation? -Does it lack competitors? -Is it a small part of it’s customers’ costs and an essential input to the customers’ success? -Is it integrated with its customers? -Buying a small business, p.135 Continue reading The traits of an enduringly profitable business
Advertising is salesmanship. The difference is only in degree. A salesman’s mistake may cost little, the advertising one may cost 1000x that much. -Scientific Advertising, P.9 Continue reading The only purpose of advertising is to make sales. It is profitable or unprofitable according to its actual sales.
Roadmap to Billions 