What is “profit”? The simplistic answer is something like: “the money left over after all expenses are paid.” The reality is a bit more complicated. Profit can be a polarizing topic for both buyer and seller. The term profit often gets thrown around without providing context on what it means, when it matters, where it matters, why it matters, and to whom it matters.
In this episode, Kevin and Paul dig into the elements that make up profit, as well as a deep dive into what the FAR has to say about profit. They bring some context to “profit” by covering both the functional matters of profit and the practical reasoning behind it.