What Profit Really Means

One of the characteristics of a successful entrepreneur is they consistently make profit.  Along with making a profit, they consistently keep and reinvest their profits to win financially.  Last week, I wrote about how to be more profitable as an entrepreneur and discussed three key things relating to being more profitable.

I left out the fact that profit is about more than just making money. Most business owners instinctively think of money when they hear or say the word profit. Profit is calculated as money coming in (sales and income) minus money going out (costs and expenses). Typically, this is expressed in monetary terms.

There is much more to profit than just money. Things are constantly exchanged in life, business, and human collaboration for a common purpose and vision. Emotions, action, and energy are among them, as well as money. Any trade involves both the filling and emptying of a tank, bucket, account, or realm of existence (sales and revenue) (costs and expenses). The profit is all that is left.

How profitable are you?  How much is left? How much is left financially? How much is left emotionally? How much is left spiritually? How much is left of your accounts, buckets and domains of life?

How much are you holding onto, reinvesting and growing in these domains to consistently win in life and business?

My good friend Mike Michalowicz would smack me around for asking why your profit and our profit is a leftover.  Click here to watch him on the Ted stage sharing why your profit formula is broken and how to fix it.

To get caffeinated with me on a weekly basis, click the coffee cup to the right.  When you do so, I will send you some free business building tools to inspire and ignite you to own and run your organization with excellence.

what you can read next

Can You Unplug?

One of the most magical moments of the Hike of a Lifetime on the Camino de Santiago was the fact that we completely unplugged from

Read More »