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If they don't care about profit, it's not a business, it's a hobby.
by iancmceachern 3y ago
If they don't care about profit, it's not a business, it's a hobby.
- __d 3y agoNot necessarily? There's nothing to say that you need to make a profit. If all the employees are paid a decent amount, all your other costs are covered, and there's revenue unspent, you could just reduce the prices a bit. The idea that any enterprise needs to make a profit (let alone an endlessly increasing profit) is a destructive fallacy.
- iancmceachern 3y agoA profit is one thing. That's what I'm referring to. This is in fact necessary for a business that hopes to stay in business. A ever increasing profit is another entirely, and I agree with you. I love the book "small giants, companies that choose to be great instead of big"