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RE: Profit = Revenue minus expenses

in #steem6 years ago

@shortsegments "find estimating revenues is tricky, so I get help and always go with the lowest realistic estimates and with costs I go with the highest just to be safe. "

So you should always have a buffer zone to stay comfortable.

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I agree that a buffer between the estimated costs and estimated revenue is essential. By choosing the lowest profit estimate I hope actual profits will be higher creating a buffer. But I understand that building a buffer in the beginning is safer. Thank you.