My own thoughts here:

Cash flow is not sat flow.

Converting from one to the other is not the same. Profitable businesses in terms of dollars doesn’t always equate to profitable in sats, and the flow rate of each is important for performance and longevity.

100% $, 0% ₿? Meh.

0% $, 100% ₿? Better.

5% $, 95% ₿? Wonderful.

That $ is useful for timing - spending on the highs & buying ₿ on the lows.

Tangential honorable mention: gotta look at treasury management too. Custody, Hot/cold, singlesig/multisig, onchain/ln/other…