29 Nov 2020, 10:00 — 3 min read
Profit is the revenue that remains after all business expenses have been accounted for. Increasing profits is one of the primary indicators that a business is doing well. Smart business persons realise the importance of profits and why it something to plan for at the start of a business.
While every business may have a different strategy to increase its bottom line, let’s have a look at what some famous CEOs and founders have to say about it.
If you keep your eye on the profit, you're going to skimp on the product. But if you focus on making really great products, then the profits will follow.
– Steve Jobs, Co-founder, Apple Inc
A business without a path to profit isn’t a business, it’s a hobby.
– Jason Fried, Founder & CEO, Basecamp
A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large.
– Henry Ford, Founder, Ford Motor Company
Business is all about solving people’s problems – at a profit.
– Paul Mardsen, British writer, businessman and former politician
Most people believe they need to choose either passion or profit. Choose both.
– David Hassell, CEO, 15Five
Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them.
– W. Edwards Deming, American engineer, professor author and management consultant
The blind pursuit of profit at all costs is untenable. It is essential that we make money the right way. After all, if communities suffer as a result of a company’s actions, those returns are not sustainable.
— Indra K. Nooyi, Former Chairman and CEO of PepsiCo.
Our goal is long-term growth in revenue and absolute profit – so we invest aggressively in future innovation while tightly managing our short-term costs.
— Larry Page, Co-founder, Google
Profits are better than wages. Wages make you a living. Profits make you a fortune.
— Jim Rohn, American Entrepreneur and Motivational Speaker
Success and profitability are outcomes of focusing on customers and employees, not objectives.
— Jack Ma, Co-founder, Alibaba Group
Share with us your thoughts and insights on profits and the best strategies to ensure consistent increase in revenues.
Image source: shutterstock.com
Posted byGlobalLinker Staff
We are a team of experienced industry professionals committed to sharing our knowledge and skills with small & medium enterprises.
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