The most important business decision is not maximizing personal income but strategically reinvesting profits back into the business for growth, as demonstrated by Filterbuy's founder who paid himself only $50,000/year for 8 years while scaling to $70M in revenue, prioritizing long-term business success over short-term personal gain.
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David Heacock on why most people get this wrong 👀 @davidfilterbuyAjouté :
The most important number in my business isn't $23 million a month, it's the $50,000 a year salary I paid myself for 8 years while building it. I was doing $70 million in revenue and paying myself less than a teacher's salary. This was the best decision I ever made. From 2012 to 2020, I lived on a $50,000 a year salary from Filterbuy. That's it. By 2019, [music] Filterbuy was doing $70 million in revenue. On paper, that looks massive, but [music] we were showing maybe $700,000 in profit and every single dollar went right back into inventory, equipment, and marketing. [music] I didn't take my first real distribution from the business until 2020 when I needed a down payment on a house in Southampton.
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