A very good lesson in business based on first principles. Together with his other post, gives me pause as to the choices I am working on.
Link: Russell Beattie Notebook � Making Money?.
Okay, extending my thoughts from the last post, I think we should have a conversation about how to make money if you’re a startup. Help educate me if I’m wrong on this: The basic concept is pretty simple, right? I create or obtain something of value, and I exchange that something for money. If the cost of creating or obtaining that something is less than the amount of money I get for it, I make a profit. Pretty straight forward. Everything stems from there, right?
