I'm guilty of having made comments like this before, and I just saw another one today:
When we launched XYZ we started day 1 with a profitable, monetizable business model.
Profitability is not making $200/month, enough to cover your hosting costs. While generating revenue is exciting, you are not profitable if you are not getting paid a financially sustainable amount of money for your time. Here's a good definition of profitability from Investopedia:
What Does Profit Mean? A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity.
The ultimate purpose of any business is to generate revenue, and having a business model is much more necessary today than it was two years ago -- so bringing in any kind of revenue is exciting, and a notable accomplishment.
But saying that the business is profitable without accounting for the cost of your time is a bit of an amateur mistake, one I've made several times in the past.
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Jerome
1/17/2009 10:44:13 pm
wow. that was an annoying piece of spam right above. I do hope that you guys do well in the future. You guys got something good in your hands. I would be wondering though that with all the work you have to do, is there still lots of time for you to learn and try new things in comparison to when you weren't as busy? 1/21/2009 02:40:34 pm
That picture effect at the top of your page is really cool. If there is a quick way to pass on the know how, please do tell. Great blog by the by. Comments are closed.
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 David co-founded Weebly, an incredibly easy to use tool that helps millions of people create a professional web site, blog or online store.
He was named to Forbes' 30 under 30 list, is a part-time DJ and has traveled to over 20 countries. Investments include Cue, Parse, Exec, Churchkey, Streak, Incident Technologies, Adioso and Zenefits. 
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