Net Income

Breakdowns of amazing companies and the stories behind them (as featured in My First Million).

The hottest Substack posts of Net Income

And their main takeaways

The boardroom drama behind one of the UK's fastest-growing companies

511 implied HN points • 06 Jul 23

💼 Business Company growth Financial Performance

Gymshark, founded by young friends, saw dramatic growth from £10m to £500m in revenue.
Autobiography 'Shoe Dog' emphasizes the drama and challenges faced by Nike founder, inspiring Gymshark's journey.
Co-founder drama at Gymshark highlights the importance of choosing business partners wisely for long-term success.

Gymshark part 2: co-founder exits, billionaire tax planning, securing the bag, and cash crunches

373 implied HN points • 13 Jul 23

💼 Business Finance Management Entrepreneurship Economics Investing

Co-founder disagreements in growing businesses are common and it might be necessary to part ways if visions differ.
Smart tax planning strategies can help wealthy individuals protect assets and leave a financial legacy for future generations.
Managing cash flow in a rapidly growing business, especially with inventory-based models, is crucial for long-term success.

How to make millions selling PDFs

412 implied HN points • 22 Jun 23

💼 Business Entrepreneurship Finance Marketing Management Investing

Selling digital products with no marginal cost can be a great business.
Twinkl's success illustrates the power of recurring revenue and strategic growth expansion.
High asset turnover and strong margins have contributed to Twinkl's financial success.

Is this guy the British Michael Jordan?

334 implied HN points • 29 Jun 23

💼 Business Sports Investing Entrepreneurship Marketing Finance

Understanding the business deals of famous athletes like Michael Jordan can be fascinating and inspiring.
Athlete-entrepreneur stories, like Junior Bridgeman and Shaquille O'Neal, highlight the potential for wealth beyond their sports careers.
Analyzing the business ventures of athlete-entrepreneurs like Gary Neville reveals complex financial strategies and potential reasons for varying net worth.

Not all EBIDTA is created equally

157 implied HN points • 06 Oct 23

💼 Business Finance Tax policy Accounting Company analysis Investment

EBITDA can differ in quality due to factors like taxation and interest
Cash flow is more concrete and represents actual change in bank balance
Malone's strategy involving EBITDA and tax reduction was successful

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Gary Mead's million-pound empire of brown gold

334 implied HN points • 01 Jun 23

💼 Business Entrepreneurship Marketing Finance Operations Management

Gary Mead turned a simple idea into a million-pound business in an unglamorous industry.
Euroloo's success is driven by operational excellence and great customer service.
Their marketing strategy includes paid search, SEO, and word of mouth for growth.

A quick update on Net Income

137 implied HN points • 01 Sep 23

💼 Business Finance Entrepreneurship Economics Management Investing

Net Income blog will return on September 15th with new content
Posts will now be scheduled every two weeks for higher quality
A variety of past topics and recommended readings are available on the blog

The niche software company going toe to toe with Adobe

78 implied HN points • 23 Jul 23

💼 Business Investment Analysis Acquisition Dividends Risk management

Investment mistakes of omission can have lasting impact, like missing out on high-return opportunities.
Software companies with leverage through build-once-sell-many model can generate significant cash over time.
Smart investments create asymmetric upside where potential gains outweigh potential losses.