Even in high-margin industries, businesses can lose money if they fail to properly manage their expenses and understand where their revenue is being spent, as demonstrated by a founder who lost $2 million despite operating in a lucrative sector.
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She Lost $2 Millions Profit | Shark Tank USAAñadido:
Around 2 million dollars.
There's the money. There we go. You have 60 seconds [music] here. Tell me, why did you not make money? It's a multi-billion dollar industry and one of the highest margin sectors. So, wait a minute. When you look at your P&Ls, what is the biggest bulk of money going to?
Which we're expecting to make [music] We understand that, Amy.
It's the question really is, where did all the money go that you've taken in?
What are you spending it on? I'm actually not wondering that cuz she just described your home.
I'm out. I'm out. So, I have to go out.
Somebody has to help you financially.
While I love you and the product seems very nice, I'm out.
>> [music] >> I'm out.
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