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Not all businesses are the same. What you're talking about is the standard business school definition of a business. In reality, businesses vary as much as thei
by ericd 15y ago
Not all businesses are the same. What you're talking about is the standard business school definition of a business. In reality, businesses vary as much as their founders. Some are altruistic and genuinely want to help people and solve problems. Others are ruthless. If it's a public company, they may be bound by fiduciary rules, but private companies can mostly do what they want.
There exist real businesses whose primary goal is to help people, even to the detriment of profits, and many of those that don't have it as a genuine secondary goal. Those that have helping people just as the "party line" are dishonest. I would hope that people would shun those businesses.
- chopsueyar 15y agoTell that to the IRS, when you show a loss for three years, yet keep going. Is it a business or a hobby?
- ericd 15y agoI didn't say it had to be run at a loss, that's a false dichotomy. A sadly prevalent attitude, though.