05/27/2026
Most small business owners hear EBITDA and assume it applies to them.
It doesn't.
EBITDA was built for public companies. It strips out interest, taxes, and depreciation to compare large corporations not small businesses with real loan payments and payroll obligations.
For most small business owners, one add-back matters: depreciation and amortization.
Full breakdown in this week's newsletter. Link in comments.
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