A few of my regular recurring business expenses.
~$454 per month currently.
How have you reduced your monthly costs? Any tips?pic.twitter.com/2tCPsWapyu
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That assumes you need to maintain the same % margin. Absolute profit would increase if you (for exanple) added $250 in revenue for $249 in costs but your margin vs. previous 5% would decrease. I'd rather make $1m profit at 2% margin than $100k at 20%...
Any one who has a 5% profit margin in bootstrapped / info product tech should find a new business :)
Maybe in one part of the business (e.g. a conf) but definitely not whole thing. Rarely see margins lower than 50% for bootstrapped SaaS below $500k MRR
Time would be better spent thinking about how to grow sales, margin or both. Preferably both.
Watching expenses so they do not go out of line is worth while. But as was pointed out on a good DevOps podcast this year, working for enterprise (or gov) a saving only pays off once and then you have to cut something. Growing free time or profit repeats!
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