Hype doesn't pay the bills - The Real Thread

So, I totally get the entrepreneurial spirit and it seems that Reddit is considered fertile ground for organically growing personal brands, but r/Entrepreneur is getting awash with many of the same posts.Hype doesn't pay the bills...Revenue means precisely zero, so don't accept people boasting about their revenue numbers without mentioning their net profit margin.Here's how I grew my shopify site to 10k revenue per month, how does that mean anything without knowing the cost of the 10k revenue in advertising etc? Most of these people seem more interested in selling advice or pushing their Youtube channels than answering serious questions.A little piece of history I found interesting was that in my country during the gold rush, very few people found enough gold to make their investment of time worth it and even fewer made their fortune, know who did make money? The stores selling shovels and pick axes.Learn to see when real advice is being presented and when someone is just interested in "selling you a shovel"Quoting revenue without profit margins is not adviceIf you can't sell now at healthy margins you never willSpending your resources on a MVP with dreams of angel funding and no idea on how to monetize, is not a business plan.All of the SEO in the world can't replace an afternoon of face to face with potential customers to understand their needs.Businesses should focus on profit first, get customers get resources and pivot into your dream product... Cash solves a lot of problemsAngel investment is giving away future profits so you don't starve today.People rarely (not never) sell good businesses at prices that are attractive.Always be open to opportunity, but if something looks too good to be true it is 11/10 timesMLM is not a business opportunityScale is not critical to success, profitability is.If you cannot manage debt and spending in your personal life, do not start a business, more money without discipline will only hasten your fall.Learn to read a balance sheetBe passionate about your business ideas and plans but not emotional, don't talk yourself into things.But my all time number 1 rule:LEARN TO SELL IN PERSONWhether you are meeting with a customer, an investor, the bank, your potential significant other, your ability to make a pitch will define your success.I used to be an Introvert, but I decided success is better than a comfort zone. see hubwealthy.com/wealthy