I'm truly curious about something though. It might be rude to inquire, and forgive me the brashness of the inquiry, but you've categorized your businesses associated with hunting as a money-losing endeavor at least a couple of times now. The implication being that your efforts to promote hunting actually cost you money...and by associated that you're doing so primarily out of a self-less desire to promote an activity we all love.
Yet, I see you affiliated with multi-million dollar companies in Netflix, Leupold, OnX, Gerber, and Howa rifles to name but a few. Am I to believe that in spite of those associations you're somehow LOSING money on hunting?
Dave
Not rude at all. The "tongue in cheek" answer to why I do what I do and how I do it is ....."Because I can." (full sarcasm intended)
I'll try to explain.
I preface by stating that the reasons I do this and the reason I operate how I do. My method of operation is not for altruistic reasons. This is just what I like to do and what I want to do. This endeavor satisfies my own desire of what to do with my time during the last productive years of my life. I've had some serious health events in life that changed my perspective of what I find worthy of my time and my money, which I now see as a blessing in disguise.
I find the effort very interesting, at times very challenging, and some days very fulfilling. It's that simple; not some big charitable endeavor, not an effort to make a pile of money, just doing what I like and gives me satisfaction. Who knows, someday I might tire of it and I might want to spend my time and money doing something different.
Yes, the cumulative losses of this business since inception would be embarrassing to a CPA. My investment to keep it afloat, along with not taking a salary for me and my wife since 2008, is flat out stupid. I have some minority investors who have invested amounts in addition to that.
My wife and I have our "Board of Directors" meeting every year. She always asks, knowing what the answer would be, "Would you advise your CPA client to continue a business like this?"
That said, we have been at break-even since leaving TV after 2017. I've not had to invest any additional capital since then, with some years being a small loss and some years a small profit.
The companies we are affiliated with are great partners and have been with us for a long time. They really don't ask for anything specific, just to keep producing content that shows self-guided public land western hunting.
I could run on a much lower cost structure. I would skip the film permit gig and save $20-25K per year. I could not use two camera guys on every hunt, saving a lot of money. I could not carry liability insurance. I could lower payroll costs. I could do a lot of things differently, but I choose not to. That's on me, nobody else. I want to produce a certain amount of content, across a variety of platforms, and do it at a certain quality. All requires money.
I could take on a lot more sponsors, knowing they don't fit our message. I've turned down deals with ATV companies, much bigger boot companies, more lucrative optics and firearms agreements. But, I'd have zero credibility if every season you saw me with a different "world's best rifle/bow/whatever."
Point is, I could run the business differently and it would make a profit. But, if that requires me to do it in a way that does not accomplish our WHY or it requires us to do things that aren't why I started the business, I'll just keep at it the way I have.
Some day I might make some of my money back. If I do, I'll not feel the least bit guilty about it. I do it this way because I am blessed to be in the situation I am and this is what I prefer to do. Some would invest their time and money differently, feeling that was a good use of their time/money. I can hardly believe I live in a country where after 30 years of hard work I am now in a position to what I please, how I please, and not worry about the financial rewards. That's a blessing beyond anything I could have asked for. So long as my wife and my finances allow that, such is what I will continue to do.
I suspect we all know somebody who is in a position in their life where all their financial obligations are taken care of, they have enough to live on, and we wonder, "Why the hell do they blow their money on that?" That's me. Blowing my time and money on something people might not understand.
The only reason the topic of profit/loss has any relevance to this discussion is that the majority of comments assume that all content producers make every decision based on the financial returns. That is a logical assumption, given most businesses are operated for profit maximization. I only mention how I chose to do it when people try to claim our content, our platforms, and our strategy are all about profit maximization, when I'm that strange duck who is blessed to be able to do it for my own reasons, even in spite of what
@cnelk professes to know about me, my finances, and my motivations for how I want to blow my time and money at this point of my life.
OK we disagree.
No way does a businessman not make some sort of a profit by promoting their business for years and years.
Dont piss on our boots and tell us its raining.
Good on you for making a profit, but I tend to agree with
@Riflehuntr19 in what he's posted
Keep on - Keeping on
If I posted the "Retained Earnings (Deficit)" from the balance sheet of this operation, the accountants on this forum would shake their head.
But, since you know all about the numbers of this operation, "keep on keeping on."