I think the important point people are missing is Raman profitable does not include the founders cost of living as 'profit'. You still need to pay taxes on your personal income and you don't get to deduct the full cost of rent as a business expense. What it means is you can cover taxes and a subsistence wage for the founders and still have some tiny amount of money aka profit left over.
Once, you can pay everyone a competitive salary and still have money left over there is no caveat and your just plain old profitable.
PS: And yes the IRS has a specific definition for profit so it actually matters.
Once, you can pay everyone a competitive salary and still have money left over there is no caveat and your just plain old profitable.
PS: And yes the IRS has a specific definition for profit so it actually matters.