The Law of
Profitability
By Linda Fayerweather
Like the law of gravity, the Law of Profitability does not change over
time. Everyone knows that a business must make enough money to pay all its
bills but often employees and customers forget that businesses are in business
to make a profit. Knowing what your profit does for your business needs to be
clear. Profit is key to fueling growth, capital
improvements, employee bonuses, corporate sponsorships,
having "rainy day funds", and rewarding the
risk takers.
If you wonder what people think your business does with your profit - ask.
You'd be surprised! Here is what I've heard in the trenches over time to the
question "what does this company do with profit?" :
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