The importance of properly calculating profits in a startup. Many entrepreneurs mistakenly believe they are profitable when they're not paying themselves a fair salary. Profits only come after all salaries, including the founder's, are paid. If you work for a company without receiving a salary, you're not making a profit—you're just covering expenses. True profitability is achieved when the company can pay fair wages and still generate profits, creating an asset that can function independently of your involvement.
About Slicing Pie
Slicing Pie is a universal, one-size-fits-all model that creates a perfectly fair equity split in an early-stage, bootstrapped start-up company. The Pie Slicer software tracks your equity split in real-time.
Slicing Pie is a universal formula for creating a perfectly fair equity split in an early-stage, bootstrapped startup. Traditional, old-fashioned equity splits are based on guesses about the future, negotiation skills, and rules-of-thumb. The Slicing Pie model is different because it's based on what participants actually contribute over time.
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