@madeline_pendleton: Answer to @dirtfa1ry

Madeline Pendleton
Madeline Pendleton
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Region: US
Friday 30 April 2021 18:10:22 GMT
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alexandraluvsflowers
Alexandra :
When Madeline explains things better than my college accounting professors:,)
2021-05-01 04:39:10
66
weare_sarahstutzman_7
Sarah Stutzman :
when you say break even do you mean like you're able to pay for your businesses bills and your own personal bills and that's break even¿ pls help
2021-04-30 18:16:20
112
cinnabunnster
Cinnabunnster :
Do you include like business savings or money to reinvest in the business within the “expenses”? Idk anything ab owning a business
2021-04-30 18:19:29
57
jess_the_little_mess
Johnathan Troutman :
An idea for using the profit beside distributing it to the employees is to create a rainy day fund for the business that way if something happens
2021-04-30 19:13:53
33
bagelshopquartet
bagelshopquartet :
Have you been able to increase your employees wages over time?
2021-04-30 18:14:22
19
unpronounceable97
Unpronounceable97 :
How do you decide how much money to reinvest?
2021-04-30 18:20:14
11
lissy.gold
Lissy :
If you are trying to break even why not register as a non-profit or a certified b corporation or benefit corporation? Is it not worth the paperwork?
2021-04-30 18:16:31
10
bdphd
Buckaroo Ponzi :
This ignores capital tho. Break even can still accrue share value. The owners get 100% of that. You’re doing right, but don’t get lost in the fog.
2021-05-01 17:41:44
7
kay_kay948
Kay Paige :
Aunt madeline... How do I get over my ex that I broke up with but suddenly realize I still love...
2021-04-30 19:14:27
6
emthecactus
Em :) :
Are you saving for retirement? How do you go about that?
2021-05-30 00:22:34
4
highkeysophi
soph 🍒🐆🎱 :
i hope one day i can run/ work for a business with these exact morals :) 
2021-04-30 18:15:26
3
marlbororedcowboy
Trey Hall :
there is no such thing as gross profit. profit is always income - expenses. if you are factoring in income without expenses then that isn't profit
2021-04-30 19:35:09
2
sleightlyskilled
Ray :
like a ship of pirates that all get their fair share of loot because they're all on the same boat
2021-05-01 04:36:50
2
aabb_2
Johannes :
Why don't you pay out a Bonus at the end of the year or quarterly so you have a higher chance to brake even
2021-04-30 22:11:46
2
willywelly7
Willy Welly :
period
2021-05-01 03:42:13
1
sierraleones
rrriot ghoul :
when you make a loss, what happens?
2021-05-01 00:21:10
1
insomniatroll
XYZebra :
Does this give you a relatively low tax liability?
2021-04-30 19:47:29
1
squisheem
squish :
would it be better to not pay bonuses weekly, but yearly? so then you couldn't go under?
2021-05-04 05:37:22
1
imeddiepatrick
imeddiepatrick :
Rock and roll
2021-05-02 05:47:48
1
inspectorjoshua
Joshua :
I think this is good, but why not operate as a worker co-op? I work at a co-op for truckers & logistics workers btw.
2021-05-02 03:36:41
1
antheiamae
mae mae :
How do you find an employer that will pay like you 🥺 I’m so envious of how you treat your employees
2021-05-02 20:12:38
1
pikelen
Pikelen :
Perfectly explaining how economics is supposed to work. All companies break even in the long run. There should be no profit!
2021-04-30 18:59:01
1
r4h.u1
Rahulmm4 :
so how would you re invest money into the company?
2021-04-30 21:38:18
1
austincbeeman
Austin Beeman | Wine + Travel :
The purpose of a business is not to make a profit. The purpose is to provide value for ownership. And ownership can decide what that value looks like.
2021-05-01 04:16:22
1
plutokittycat
noelle :3 :
sooo.... how do i work for you? 22 and looking to not work for a big company <3
2021-05-01 02:25:07
1
bruhhhke7
Bruhhhke :
do your employees have benefits? Paid time off? I assume you do I’m just not sure how it would work in this situation!
2021-05-01 17:29:52
0
retroweirdmarie
Marie :
This is how I want to run a business when I start one someday.
2021-05-03 01:57:52
0
alexacreates22
Alexa Creates :
You’re really smart!
2021-05-02 18:20:50
0
string_theories
Katie :
It’s crazy how many can’t even fathom that you consider yourself an employee and treat your employees fairly and you’re not trying to exploit them or
2021-05-02 11:28:00
0
erinborja0
breadsticks_suck :
Your videos make me happy
2021-05-02 07:08:41
0
therackow
Andrew :
Since you run pretty lean, If you wanted to save up for some business related improvements, do you just raise prices until you have the cash you need?
2021-05-02 10:20:26
0
newasneedles
Newa’s Needles :
My business too!!!! Pay the bills, pay for stock and any shop upkeep, and the rest is for help!
2021-05-02 10:19:53
0
houstonjlv
🏈 :
25 richest men in USA paid Les than 1 % in taxes cause of loop holes
2023-01-23 05:50:06
0
mortificationoftheflesh
Mortification of the Flesh :
I love your business advice for communists 🥰
2021-05-02 08:52:49
0
shelbysearches
Shelby’s Search Bar :
I love the way you run your business.
2021-05-02 06:25:03
0
m.c.intyre
G :
Where can I get an awesome chain like that for my glasses??
2021-05-02 02:48:32
0
alexanderreed4
Alexander Reed :
Are you still doing split sleeping and how is that going?
2021-05-02 01:47:49
0
raenbow_lgfuad
Rae :
Would literally move and leave Scotland to work for you, such a legit good human, I can't 🤟🏻
2021-05-01 21:25:41
0
lesbixar
『C』『a』『r』『i』 :
that's so cool?? paying people and not making profit??? everyone shares??
2021-05-01 21:01:08
0
myenimtown
deej :
this is just really cool. like thats all I have to say I think its dope that you manage to participate in capitalism is such an ethical way
2021-05-01 20:14:14
0
chronicvixen
chronicvixen :
And you already pay your workers really well. Thanks for running an ethical business ♥️
2021-05-01 18:02:01
0
romaodo
Rois :
Hi, I’m curious if the regular “bonus” is paid as a bonus or as a normal wage, since I know bonuses get taxed higher. Super cool concept 🙂
2021-05-28 18:57:16
0
m0ltenoodle
ni🍅mh :
@Connie!! (^-^)
2022-11-24 11:24:22
0
thenerdpenguin
NerdPenguin :
How do you reinvest into the business then?
2021-07-28 16:33:34
0
andrewpickaxe
Andrew :
There’s also a rainy day fund. Businesses have ups and downs so one bad year and you could all be knocked out.
2021-06-28 06:29:36
0
larryannemorales
larryannemorales :
This is awesome and makes sense and I’m so tired of you clearly describing things and people coming for you in the comments.
2021-05-30 16:19:42
0
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