Profitable or no, profit is really irrelevant in this situation. If my company is making $100K/year and I only spend $25K on myself and I'm the sole employee, then technically my company is "profitable," but it's essentially invisible in the market.
This is what drives me nuts about the "I bootstrapped my company to profitability and success!" blog posts, because in most instances, the owner is making $50K/year and can't afford to hire anyone else.
I'd be interested in seeing what their top line numbers looked like, as that'd give an indicator of their overall market penetration, and true success.
This is why companies that do $750MM in revenue per year, but report an annual loss are still hugely successful, because $750MM is a ton of money!
This is what drives me nuts about the "I bootstrapped my company to profitability and success!" blog posts, because in most instances, the owner is making $50K/year and can't afford to hire anyone else.
I'd be interested in seeing what their top line numbers looked like, as that'd give an indicator of their overall market penetration, and true success.
This is why companies that do $750MM in revenue per year, but report an annual loss are still hugely successful, because $750MM is a ton of money!