I had a successful business that was making my half a million a month for a short time in profit. The rug got pulled under us and totally changed everything. I'm now selling the business for a few million, and I made a few million in the two years I grew the business.
I'm excited to start over and pursue a new endeavor. But I'm worried I will never live up to my previous success. I want to be inspired to do that again.
When I started my business I remember looking at other businesses for inspiration. I saw businesses making billions of dollars, hundreds of millions, so I thought ok I can do this too!
I was naive and didn't realize those companies were not talking about profit, but revenue. And the owners owned a small portion because the companies were VC backed.
The niavity helped me shoot for something big that made me several million dollars in a short time as a person with no experience.
But now I'm looking for examples of bootstrapped multi-million dollar businesses and I'm like oh this is rare… businesses are exaggerating their success, and most that look successful are getting millions pumped into them by investors. A lot of founders make like $75k a year and it's not from profit, but from vc funding.
So please let me know if you are making more than $500k in profit per month, or close to it. I want to be inspired again!
Does anyone in here make more than $500k per month in profit/EBITDA?
byu/DuckJellyfish inEntrepreneur
Posted by DuckJellyfish
4 Comments
Commercial truck parts manufacturing and sales business. In year 8 currently. It was slow growing in the first 4-5 years doing cold calls to every shop, major fleet, dealership group, and OEM. Now we have majority markets share in our sub niche of a sub niche of commercial truck parts. 1st to market with a higher quality import version. We sell them on average 35-60% less than any other manufacturers or distributors. We see 8 figures, top and bottom line, zero employees, and double every year because we have never lost a customer, and average order time is every 2.5-4 weeks.
I have in the past but currently not there
Hol’ up- 500k monthly… profit?
Last business is somewhere inbetween your numbers.
Does around $30m a year, but is only just getting profitable.
Funny, I left that business last year and have had some of the same feelings as you when wondering what to do next. Haven’t come across many people who hit it decently big, but not “never work again big”, its an odd middle ground to be in. Still figuring it out myself.