Phil Liu
๐ค SpeakerAppearances Over Time
Podcast Appearances
They're spending way too much on tax.
They're losing money.
Are you guys profitable?
Yeah.
So we don't spend money on ads.
So we only spend money on servers and like tools to help us manage.
What would you say your total expenses every month are?
Ah, let's say without salary, like without this, our own four salary.
Do all in, do all in, including, including what you pay yourself.
I don't know.
Well, I break it down because salary, let's say everything else except salary, I would say like 20 Ks, mostly servers.
Yep.
And factor in our salary, like Quebec based Canadian, like normal wage for a coder or programmer.
Yeah.
So what are you guys, what, 30, 40,000 bucks in headcount expenses per month?
Less than that.
Less than that.
So as a founder, like I think this is an important question about sort of capital, right?
Each month, if you're all in costs or something like I'm making this up 40 or 50,000 bucks, 20K of server plus your headcount and you're doing 9,000 top line, that means you have like 40,000 of new cash hitting the bank every month.
How do you decide what to do with that?