On Sat, 29 Dec 2007 22:23:40 +0000, Scott Jensen wrote:
> Sohail Somani wrote:
>> Scott Jensen wrote:
>> > The only good reason to start any business is to make money. Any
>> > other reason is a fool's reason.
>>
>> Huh? There are multiple good reasons to start a business. A fool
>> doesn't include making money as one of them.
>
> You're right. A fool doesn't include making money as one of them.
> *LMAOROTF*
Ok...
>> I think it is im****tant for your business to reflect your life goals
>> not always the other way around.
>
> Over the last few decades I have been a marketing consultant for
> numerous businesses. I have even been a turnaround specialist on
> occasion.
This might explain why you are so negative.
> Making money and a lot of it is the only reason why you should go into
> business. Any other reason and you will very likely cripple your
> business.
>
> If you want time with your family, be an employee. Employers don't
> punch timeclocks.
Ah, but they do sign cheques.
> And doing what you love is called a hobby. If you go into business, you
> need to do what you're good at which can make you money. That doesn't
> always mean it is what you love. That's an accidental benefit for a
> lucky few. I know of countless entrepreneurs that tried to make a
> business out of their hobbies. The vast VAST majority of them are now
> FORMER entrepreneurs. They didn't approach their hobby as a
> profit-oriented business that had to do many things to turn a profit
> which hurt their enjoyment of their hobby. Sadly, most went bankrupt in
> the process because they couldn't abandon ****p when it started to sink.
> They rode it all the way down to Davy Jones' locker. They lost their
> home, life savings, marriage, and had to go get a regular job and start
> the slow painful process of rebuilding their lives.
Profit is an imperative, just like breathing. But just like breathing, it
isn't *all you do*.
If there is a business that is making enough profit for it's owners, what
is the problem? You have to make more? That is known as greed, not
entrepreneur****p.
--
Sohail Somani
http://uint32t.blogspot.com
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