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Re: Net income for MBA application.
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10 Aug 2021, 10:49
This figure will not impact your application directly. It really depends on your story and watch message you want to send. For example, when Bill Gates and Elon musk launch the companies, their net incomes were zero. Even today Musk Probably gets a small salary and most of his wealth comes from the stock appreciation.
But you likely have diff problems 😂
Your salary or net income will sort of help business goals compare your performance versus others. At the same time, it is very common for entrepreneurs to make very little money while growing their company. If it is high growth, and if this is going to cost you a lot of money to file taxes a different way and you have to pay a bunch of taxes on that income, then it may not be worth it.
At the same time, if you can demonstrate that you’re able to generate a ton of cash in income, it may be a strong message.
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