#72 Growth and Profitability: The “Rule of 40” Explained

It’s important to understand the relationship between growth and profitability for your business. In episode 72 I explain the Rule of 40 and how it applies to different stages of business development. <br/><br/>I’m Devon Dickinson. I've been married for 25 years and have a family of 6. I've founded, bought, sold, and sometimes failed with 10 different companies. As an individual entrepreneur, my companies have been on the Inc. 5000 Fastest Growing Companies list longer than any other individual. I enjoy investing in real estate and I've coached soccer for the last 6 years; which seems to be what keeps me up at night. Although I now own several multimillion-dollar companies, I only started with $5,000 and a credit card. Before we get started, I should warn you that this is all true... I don't know the easy way in anything I only know “the hard way”. I want to help you avoid learning the hard way (where you can) through straightforward advice that will fuel the entrepreneur in ALL OF US! Subscribe or visit DevonDickinson.com for more content to start, grow, and run your business.<br/><br/>The Whiteboard Entrepreneur - with Devon Dickinson - Fuel The Entrepreneur in All Of Us!<br/> Podcast Produced By Jesse Flocken, CEO of Clearly Relevant Growth Agency