205. How to Create a Profitable Business (Revenue vs Profit)

Ben and Bergs break down revenue vs. profit and why most business owners get it wrong. They share how to track financial health, avoid common mistakes, and scale profitably.A lot of people chase big revenue numbers, but the real game is profit. You can have a $10M business and take home less than someone doing $3M. Revenue is vanity, profit is sanity, and cash is king. It’s all about understanding your numbers, optimizing for the right metrics, and building a business that actually puts money in your pocket.Revenue doesn’t matter if your business isn’t profitable.Scaling too fast without profitability leads to major financial risks.Knowing your numbers and cutting inefficiencies is key to long-term success.🔔 Enjoyed the episode? Hit SUBSCRIBE and turn on notifications for more!📧 Join the Collective Shift newsletter for weekly crypto insights: https://collectiveshift.io/newsletter/💻 If you are a busy professional and want to take the uncertainty out of your crypto investment journey with expert insights powered by world-class research from a team with a track record, you can book a complimentary 1:1 strategy call with Collective Shift: ⁠⁠⁠⁠⁠⁠⁠⁠https://collectiveshift.io/strategy/🎙 Podcast Links:Apple Podcasts: https://podcasts.apple.com/us/podcast/ben-bergs-%7C-crypto-business-sports/id1629581403Spotify: https://open.spotify.com/show/5xir3V8fvtmHTAQy2D9dQd👉 Connect with us:TwitterBen: https://twitter.com/bensimpsonauBergs: https://twitter.com/BabyBackBergLinkedinBen: https://www.linkedin.com/in/bensimpsonau/Bergs: https://www.linkedin.com/in/aberghuber/———Disclaimer: We are not Financial Advisors. All opinions expressed by Collective Shift representatives and/or guest/s in this video are intended for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers' specific circumstances. Collective Shift and its individual team members are not liable to the viewer or any other party for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.The viewer should always:1. conduct their own research;2. never invest more than they are willing to lose; and3. obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.