What sort of business makes more profit?

Your local car wash or an internationally recognised tech firm. The car wash may seem boring, but there's a good chance it's actually driving more profits than the tech firm.

But why is this the case? And how do these innovative tech giants stay afloat for so long without even making a single dollar of profit? Will it always stay this way?

If you want my full take, check out this video the first in our new series: "Accountant Explains"

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Davie has over 10 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients.

Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses.

He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales.

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Disclaimer:

This video is for informational purposes only and should not be considered financial or legal advice. This video does not take into consideration your personal circumstances. Consult with a qualified financial planner, tax advisor or legal consultant before making any decisions regarding investments.