You are incompletely right. Businesses benefit multiple stake-holders. Products and services are created to provide value, that value being sold for cash. But

You are incompletely right. Businesses benefit multiple stake-holders. Products and services are created to provide value, that value being sold for cash. But if a business doesn't make a profit over the long run, it will run out of cash and fail. In other words, it's no longer a business. Of course most businesses do fail, and always for this reason. So every successful business is implicitly making a profit and has to do so. So you are right. Businesses don't exist to make profits. People don't exist to breath air. But if you remove profit from the equation, the business will die.