Chapter
Misconceptions About Small Businesses
21:27 - 26:15 (04:48)
The bottom line of small businesses can be more profitable than some medium-sized enterprises, despite having fewer employees. However, many small business owners struggle with financial burdens and often need to cover personal expenses using company funds.
Clips
Many business owners overestimate their revenue and exaggerate their success to others, often to cover personal expenses.
21:27 - 24:16 (02:49)
Business Revenue
Summary
Many business owners overestimate their revenue and exaggerate their success to others, often to cover personal expenses. It is important to be honest about the true value of a business in order to achieve growth.
ChapterMisconceptions About Small Businesses
Episode#165 - Mike Michalowicz - Fix The Biggest Problems In Your Business
PodcastModern Wisdom
This podcast discusses successful small businesses that have high profits despite having only a few employees and low turnover rates.
24:16 - 26:15 (01:58)
Small businesses
Summary
This podcast discusses successful small businesses that have high profits despite having only a few employees and low turnover rates. Some podcasters in the UK and US can make over $100k in a year through their podcasts as a side hustle.