Stupid question about Shark Tank growth

If my margins are 30% and I invest $150,000 in the business, I end up with sales of $195,000 and profit of $45,000 right? And if I repeat the cycle 3 more times within the year I get to sales of roughly $428,415 and a profit of $98,865 at year-end, right?

So how do these e-commerce companies who go on Shark Tank and get $150,000 turn that into many millions within a year or two? I've seen a few examples of this and I must be missing something.

submitted by /u/ThisisMYaccount1231
[link] [comments]

Leave a Reply

Your email address will not be published. Required fields are marked *