The author does not seem to mention the value of cash flow. Structured correctly, the business can be only ramen-profitable, but the cash flow can enable many other gains (equipment, transport, facilities, etc.).
My wife and I have financed a very nice life for the last 20 years on the back of a service company that makes a product every once in awhile (when I want the extra challenges).
Comments
The author does not seem to mention the value of cash flow. Structured correctly, the business can be only ramen-profitable, but the cash flow can enable many other gains (equipment, transport, facilities, etc.).
My wife and I have financed a very nice life for the last 20 years on the back of a service company that makes a product every once in awhile (when I want the extra challenges).