The central task for a business is to make a profit. The challenge is to make a profit by doing things which are genuinely good for people and good for societies.
Sentiment: POSITIVE
Business is a very beautiful mechanism to solve problems, but we never use it for that purpose. We only use it to make money. It satisfies our selfish interest but not our collective interest.
Profit is the sole criterion used by the establishment to evaluate economic activity. From the rat race to lame ducks. The vocabulary in vogue is a give-away. It's more reminiscent of a human menagerie than human society.
Business is a string of seemingly impossible problems looking for solutions. Each problem you solve creates a new barrier to entry for your next competitor.
Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them.
Profits should be for a purpose. Profits should be productive. You should make money for producing benefits that make the world a better place. Making money is a good thing when it is made in service to humanity or the democracy.
Business people do two things with their time fundamentally. The first is that they try to create sales, right? Revenue, key to business. But the other thing they devote their time to equally is cost containment. That is to say, how to not create jobs. Because the fewer jobs you can create for the revenue you create, the more profit you make.
Today, the concept of business is to make money. Making money is the name of the business.
Profits are one of the most important goals of any successful business, and investors are one of the most important constituencies of public businesses.
Profit is not the legitimate purpose of business. The legitimate purpose of business is to provide a product or service that people need and do it so well that it's profitable.
Profitability is a shallow goal if it doesn't have a real purpose, and the purpose has to be share the profits with others.