How to Start a Business with No Money

Your Hand Guide to Starting your Own Successful Business

The Importance of Profit in a Small Business Startup

What’s the essence of discussing about profit in a small business when we have other issues to trash out? This was the question asked by a startup entrepreneur to an investor friend of mine. I don’t know what my friend replied but i will my own answer.

Sometime ago, i came across a motivational magazine targeted at the youths. While going through this magazine, i noticed it was the maiden edition because i could see some lapses in the write ups and design. Sensing that this magazine was published by someone new to the game, i decided to meet face to face with the publisher.

The meeting was quite pleasant and the publisher was a young ambitious man with the fire of enthusiasm emitting from his eyes. But there was a statement he made that got me thinking; he bluntly told me that he wasn’t in the publishing business for the money.

This statement made by the young publisher represents the stance of so many small business startup owners. They think its righteous not to make money your score card. They carry the perception that money is not important and with this perception comes a lot of other things.

An entrepreneur’s job is to provide solution to people’s problems but i often hear statements such as: “It’s morally wrong to profit from people’s woes” or “I am greedy and that’s why i’m not doing it for the money.”

“The way to make money is to buy when blood is running in the streets.” John D. Rockefeller

Whenever i come across such individuals, i usually ask them these questions. I also asked the young publisher the questions: How do you intend to sustain your product without profit? How will you improve on your existing product without profit?

Many entrepreneurs refuse to charge their clients simply substantially because of the fear that their clients might perceive them as bad. Some even find it difficult to ask for pay for services rendered to their family and friends. I wrote this article to change your perception that profiting from your effort evil. Profit is essential to the survival of any small business startup.

So don’t be scared to ask for what you think you are worth. The future growth of your business lies in the profit made today. In conclusion, i leave you with this quote:

“We expect all our businesses to have a positive impact on our top and bottom lines. Profitability is very important to us or we wouldn’t be in this business.” – Jeff Bezos, founder of Amazon.comWhat’s the essence of discussing about profit in a small business when we have other issues to trash out? This was the question asked by a startup entrepreneur to an investor friend of mine. I don’t know what my friend replied but i will my own answer.

Sometime ago, i came across a motivational magazine targeted at the youths. While going through this magazine, i noticed it was the maiden edition because i could see some lapses in the write ups and design. Sensing that this magazine was published by someone new to the game, i decided to meet face to face with the publisher.

The meeting was quite pleasant and the publisher was a young ambitious man with the fire of enthusiasm emitting from his eyes. But there was a statement he made that got me thinking; he bluntly told me that he wasn’t in the publishing business for the money.

This statement made by the young publisher represents the stance of so many small business startup owners. They think its righteous not to make money your score card. They carry the perception that money is not important and with this perception comes a lot of other things.

An entrepreneur’s job is to provide solution to people’s problems but i often hear statements such as: “It’s morally wrong to profit from people’s woes” or “I am greedy and that’s why i’m not doing it for the money.”

“The way to make money is to buy when blood is running in the streets.” John D. Rockefeller

Whenever i come across such individuals, i usually ask them these questions. I also asked the young publisher the questions: How do you intend to sustain your product without profit? How will you improve on your existing product without profit?

Many entrepreneurs refuse to charge their clients simply substantially because of the fear that their clients might perceive them as bad. Some even find it difficult to ask for pay for services rendered to their family and friends. I wrote this article to change your perception that profiting from your effort evil. Profit is essential to the survival of any small business startup.

So don’t be scared to ask for what you think you are worth. The future growth of your business lies in the profit made today. In conclusion, i leave you with this quote:

“We expect all our businesses to have a positive impact on our top and bottom lines. Profitability is very important to us or we wouldn’t be in this business.” – Jeff Bezos, founder of Amazon.com

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