Author Topic: How does HTC manage a profit?  (Read 731 times)

Offline Widewing

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How does HTC manage a profit?
« on: May 14, 2002, 01:23:38 PM »
I was wondering how HTC manages to get by financially month by month, based upon the obvious income from subscribers.

Even if there were 5,000 subscribers paying $15 monthly, that still only adds up to $75,000. Figuring in salaries and overhead, where do they get the money to make capital improvements?

I can only assume that the staff is woefully underpaid, and considerably overworked.

God bless you guys, this seems more like a labor of love than a true profit making venture.

I must remember to repeat this to myself every time I feel the urge to begin complaining about insignificant issues.......

My regards,

Widewing
My regards,

Widewing

YGBSM. Retired Member of Aces High Trainer Corps, Past President of the DFC, retired from flying as Tredlite.

Offline AcId

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How does HTC manage a profit?
« Reply #1 on: May 14, 2002, 01:30:57 PM »
I heard something somewhere about 9600bd connections and Enron style accounting

Offline Yippee38

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Re: How does HTC manage a profit?
« Reply #2 on: May 14, 2002, 01:32:13 PM »
Quote
Originally posted by Widewing
I must remember to repeat this to myself every time I feel the urge to begin complaining about insignificant issues.......


........and every time I talk to somebody who might be persuaded to start playing........

Offline Sikboy

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Re: Re: How does HTC manage a profit?
« Reply #3 on: May 14, 2002, 01:34:32 PM »
Quote
Originally posted by Yippee38


........and every time I talk to somebody who might be persuaded to start playing........


You know, I'm like one of those Religious Zealots. I'm affraid that I scare off more people than I could ever bring on-board.. When I see people who either like History or Computer Games, I find myself constantly talking about AH, and trying to get them to give it a try. If only HTC had some "literature" that I could give out for "a small donation" Then I could camp out at the Airport. Sweet

-Sikboy
You: Blah Blah Blah
Me: Meh, whatever.

Offline Mathman

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How does HTC manage a profit?
« Reply #4 on: May 14, 2002, 01:36:20 PM »
Not that I am a math teacher or anything, but you are forgetting one part of your equation.

HINT:  How many months in a year do people pay for AH?

Offline muckmaw

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How does HTC manage a profit?
« Reply #5 on: May 14, 2002, 01:43:32 PM »
According to your numbers, HTC is grossing $900,000 a year. Also, remember, that are based in Texas, Not Cali, or NYC.

I have friends in Texas who have bought mansions in beautiful  communities for $250,000.

So even if HT is pulling down $100,000 for himself, pre-tax, he shold be doing well. Plus, If i'm not mistaken, there are tax incentives for small businesses, etc.

Not that their millionaires, but I don't think anyone at HTC is starving to death.

Offline lazs2

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How does HTC manage a profit?
« Reply #6 on: May 14, 2002, 02:31:16 PM »
math.... that was rude.. I don't think you realize what a "man of letters" our esteemed widemouth is.   you...you... "pipsqueak" you.
lazs

Offline Widewing

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How does HTC manage a profit?
« Reply #7 on: May 14, 2002, 02:43:31 PM »
Quote
Originally posted by Mathman
Not that I am a math teacher or anything, but you are forgetting one part of your equation.

HINT:  How many months in a year do people pay for AH?


I'm not forgetting that. Companies pay their bills on a monthly basis, just like you and me.

Someone speculated that HiTech takes $100,000 annually. Based upon considerably less than 1 million in gross revenues, that seems a bit high. Yet, I really hope he does earn that much, even more. Then again, that's not our place to speculate in detail, not being any of our business.

Overall operating costs, phones, servers, lights, rent, taxes, benefit package for personnel, new equipment, various and sundry expenses, plus salaries... These must consume most of their income every month. The fact that they are making capital improvements tells me that they are extraordinary business managers, and/or reinvest their personal income in their company.
Granted, the cost of living and doing business in Texas is certainly a great deal less expensive than doing such in New York. However, that doesn't make it inexpensive either.

Personally, I think that they're doing a remarkable job, and wish them not only success in business, but hope they reap the personal rewards of a job extremely well done. What they are doing (and doing well) is anything but easy. I'd love to see their business plan.

My regards,

Widewing
My regards,

Widewing

YGBSM. Retired Member of Aces High Trainer Corps, Past President of the DFC, retired from flying as Tredlite.

Offline Widewing

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How does HTC manage a profit?
« Reply #8 on: May 14, 2002, 02:50:38 PM »
Quote
Originally posted by lazs2
math.... that was rude.. I don't think you realize what a "man of letters" our esteemed widemouth is.   you...you... "pipsqueak" you.
lazs


Lazs must be off today. Meaning speedbumps get vacation time....
My regards,

Widewing

YGBSM. Retired Member of Aces High Trainer Corps, Past President of the DFC, retired from flying as Tredlite.

Offline lazs2

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How does HTC manage a profit?
« Reply #9 on: May 14, 2002, 02:51:13 PM »
"Even if there were 5,000 subscribers paying $15 monthly, that still only adds up to $75,000. Figuring in salaries and overhead, where do they get the money to make capital improvements? "

widemouth... you simply made a math error and you are too pompous to admit it.    Worse.... you subjected us to yet another long winded explanation on how you "weren't really wrong, we just aren't smart enough to understand you".   ( not actual quote...paraphrased and sumarized to spare us widemouths entire blowhard post).
lazs

Offline Badboy

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How does HTC manage a profit?
« Reply #10 on: May 14, 2002, 02:53:00 PM »
Quote
Originally posted by Widewing


Personally, I think that they're doing a remarkable job, and wish them not only success in business, but hope they reap the personal rewards of a job extremely well done.


Well said!!

Badboy
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Offline Turbot

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Re: How does HTC manage a profit?
« Reply #11 on: May 14, 2002, 02:53:28 PM »
Quote
Originally posted by Widewing
I was wondering how HTC manages to get by financially month by month, based upon the obvious income from subscribers.

Even if there were 5,000 subscribers paying $15 monthly, that still only adds up to $75,000. Figuring in salaries and overhead, where do they get the money to make capital improvements?

I can only assume that the staff is woefully underpaid, and considerably overworked.

God bless you guys, this seems more like a labor of love than a true profit making venture.

I must remember to repeat this to myself every time I feel the urge to begin complaining about insignificant issues.......

My regards,

Widewing


Probably none of our business :)

Offline midnight Target

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How does HTC manage a profit?
« Reply #12 on: May 14, 2002, 02:59:31 PM »
One word............. "Cashflow"

HTC should have NO cashflow troubles with the payment system in place. This is worth its wieght in gold to a small business.

Offline lazs2

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How does HTC manage a profit?
« Reply #13 on: May 14, 2002, 03:03:17 PM »
"Lazs must be off today. Meaning speedbumps get vacation time...."

guess it's not just math you have a problem with but numbers in general.... even on a clock..   meaning, it is lunch time pac time.

my regards
lazs

Offline Widewing

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How does HTC manage a profit?
« Reply #14 on: May 14, 2002, 03:11:04 PM »
Quote
Originally posted by lazs2
"Even if there were 5,000 subscribers paying $15 monthly, that still only adds up to $75,000. Figuring in salaries and overhead, where do they get the money to make capital improvements? "

widemouth... you simply made a math error and you are too pompous to admit it.    Worse.... you subjected us to yet another long winded explanation on how you "weren't really wrong, we just aren't smart enough to understand you".   ( not actual quote...paraphrased and sumarized to spare us widemouths entire blowhard post).
lazs


This from a guy who spent 45 minutes trying to unclog his toilet, only to discover that a reflection doesn't flush....
My regards,

Widewing

YGBSM. Retired Member of Aces High Trainer Corps, Past President of the DFC, retired from flying as Tredlite.