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You’ve heard this before: Leaders Eat Last. What does that actually mean? Amongst the most effective way of illustrating this is the income statement. Rundown the flow of funds in the income statements and the dividend are the last to flow out. Cost of Goods Sold. Sales, General & Admin expenses. Interest. Tax. All these flow before the dividends flow. So the founder who takes all the risks is the last on the table of commitments to extract value from the business. This is a good analogy for lif
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