Anonymous wrote:My husband is in import/export. I am in sanitation. We make a killing, if you get what I'm saying.

Uh, yeah...I get it. Then again, I'm from Jersey.

Let spouse go to BigLaw. I stay home with the bonbons.

Fed with spouse in BigBigLaw. HHI is $1M.

Anonymous wrote:

Anonymous wrote:How does one "own profit and loss"?

Yes, can that pp please explain?

Simple. Every month I get a report that details out or income stream - so many sales, at such and such a margin, with these characteristics, etc. It details out the costs as well - x dollars on overhead, y on vendors, z on returns or losses, so on and so forth. The difference between the two is profit, or less desirably loss. My ownership is in the bottom figure and in deciding how to make the inputs work better. For instance, I might run a promotion of sorts in a particular month knowing it'll get me more sales, but the promotion probably comes with some cost, say $20M for a tv spot. Now I need to weigh that cost against the assumed sales increase and make a determination if it makes sense. Or, I might just focus on revenue and look at ways I can get another few % points there, or I might look at who our biggest vendors are and look at renegotiating pricing. For instance I once discovered we had excellent pricing on certain services we rarely used, and terrible pricing on ones we always did. On a hunch that the vendor wasnt too smart, I proposed a price increase in certain services in return for a modest decrease in others. They said yes, and voila, I cut a few million out.

It's fun because your imagination is your limit. Try new pricing, try a new a campaign, Change the product, add a feature, remove one, partner with someone new, try something in the digital space, work more with brick and mortar, whatever ideas and strategies you can develop are yours to own. Some might be great ideas that are hard, others terrible - at the end of every month you can look back and say "Did that work? Should I do it again? What can I try now?" - and the numbers speak for themselves. Rewards come from hard work and good strategic thought - not from face time or your age.

Basically, its like being a mini entepreuner.

Anonymous wrote:

Anonymous wrote:Nameless BigLawyer.
Why ask strangers what they do?
I doubt that you care.

I'm not Op but I'm always interested... I like learning about other people's experiences and interests. For instance, I've met a patent lawywer who explained upcoming patent law changes an whether we are moving in the right direction. I found the debate interesting.I've met people who do educational testing design an learned about adaptive testing techniques. I've met a woman who did cancer research in mice. I've met all sorts of people who do interesting and intellectually stimulating things.

Patent guy must have been really hot to make that sound interesting

Anonymous wrote:My husband is in import/export. I am in sanitation. We make a killing, if you get what I'm saying.

? Maybe you, not sure about your H.

Anonymous wrote:How does one "own profit and loss"?

Yes, can that pp please explain?

How does one "own profit and loss"?

My husband is in import/export. I am in sanitation. We make a killing, if you get what I'm saying.

Another poor here -- don't clear six figures. Psychologist.

Biglaw lawyer. Dime a dozen in DC.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm poor by DCUM standards, so I don't think you care what I do. But it's government.

OP here, so am I!

Another poor here.

Also another poor. OP, I was all set to answer your question until I clicked on the post and saw you only care about the rich people. I don't clear six figures.

You can still answer. I don't make six figures either...

HHI is over 400 but I only make half of that. Regulatory lawyer.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I do Very Bad Things.

Coke followed by killing a hooker and burying her in the desert?

Pepsi followed by smoking a hookah and dessert?

Water followed by yogi and deep breathing?

Anonymous wrote:

Anonymous wrote:I do Very Bad Things.

Coke followed by killing a hooker and burying her in the desert?

Pepsi followed by smoking a hookah and dessert?