On Sun, 30 Dec 2007 18:02:32 +0000, Scott Jensen wrote:
> Sohail Somani <soh...@[EMAIL PROTECTED]
> wrote:
>> Scott Jensen wrote:
>> > Sohail Somani wrote:
>> This might explain why you are so negative.
>
[snip]
> That we tell you things you don't always
> like to hear is actually a good thing. Whether you realize that is
> another.
I'm getting there, I hope.
[snip]
>> > If you want time with your family, be an employee. Employers don't
>> > punch timeclocks.
>>
>> Ah, but they do sign cheques.
>
> So?
So nothing, I guess.
[snip]
>> Profit is an imperative, just like breathing. But just like breathing,
>> it isn't *all you do*.
>
> But that is what a business is for. To make profit. Save what else you
> want to do for your hobby. Let your business be a business and not a
> some weird toy you play with.
I understand.
>> 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.
>
> A business should be only about making money and making as much money as
> possible. And there is nothing wrong with greed. Next I assume you
> will say selfishness isn't a virtue.
No, I wouldn't say that. Selfishness to the detriment of your personal
relations is something different though.
> The goal of any business owner
> should be to maximize how much profits their business makes. That
> guarantees their business will have the best chance of surviving and
> succeeding. To have any other goal for your business only endangers it.
> You say you read "The E-Myth". If you had, you would have known that
> this is what Michael Gerber said as well. As a business owner, you
> should aim to make your business so it is profitable and grows without
> you. When it doesn't need you anymore, you can then devote your time
> and a fair ****tion of its profits to your charitable causes, family
> happiness, and whatever else you want to do with your life. BUT let
> your business be a business and do what it meant to do. That is to make
> money and lots of it.
I do plan to have the business run without me eventually.
I think I understand where you are coming from. The long-term survival of
a business depends solely on magnitude of profit (or revenue, depending
on your plan.) Anything on your plan that has nothing to do with that
goal can be a problem. Nice side effects might be all the other fluffy
things I've outlined earlier, but they should not be goals.
Is that correct?
--
Sohail Somani
http://uint32t.blogspot.com
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