Profit is a measure of business success from "summary" of Profit First by Mike Michalowicz
Profit is the ultimate litmus test for a business. It is a clear indicator of how well a business is doing. When a business is profitable, it means that it is generating more revenue than it is spending on expenses. In other words, it is making more money than it is spending. Profit is the reward for all the hard work and effort that goes into running a business. A profitable business is a successful business. It is able to sustain itself and grow over time. Profit is what enables a business to invest in new opportunities, expand its operations, and ultimately thrive in the long run. Without profit, a business cannot survive. It is the lifeblood of any organization. Profit is not just about making money. It is about creating value for customers, employees, and shareholders. When a business is profitable, it means that it is delivering products or services that people want and need. It is creating jobs and opportunities for people to earn a living. It is also generating returns for investors who have put their faith and resources into the business. Profit is a reflection of how well a business is being managed. It is a measure of efficiency, effectiveness, and sustainability. A profitable business is one that is able to control its costs, manage its resources, and adapt to changing market conditions. It is a business that is able to weather storms and stay afloat even in the most challenging times.- Profit is a measure of business success. It is a simple and straightforward metric that tells you whether your business is on the right track or not. If your business is profitable, it means that you are doing something right. You are creating value, delivering results, and making a positive impact on the world around you. Profit is not just a number on a balance sheet. It is a reflection of your hard work, dedication, and commitment to building something meaningful and lasting.
