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“Profit is good. Profit motivates businesses to be: (a) efficient - to do more with less, to consume fewer resources, to reduce and reuse waste. (b) productive - to allow for bigger profit margins. (c) Valuable - income, and therefore profit is only possible when we add value to our customers lives. When the value of our product or service is worth more to them than what it cost us to provide it, we profit.” — Hendrith Smith
Profit is good.
Profit motivates businesses to be:
(a) efficient - to do more with less, to consume fewer resources, to reduce and reuse waste.
(b) productive - to allow for bigger profit margins.
(c) Valuable - income, and therefore profit is only possible when we add value to our customers lives. When the value of our product or service is worth more to them than what it cost us to provide it, we profit.