Quotes About Profit

Smith believed that economic growth stems from specialization. The best way to maximize profit and the efficiency of production was for people to specialize in a few select skills, rather than produce whole products themselves.

Every bad thing that happens in the world is good for somebody.

For a continuation bet to be a profitable move, the amount of the bet has to be carefully chosen in comparison to the pot. In essence, you are hoping to buy the pot right now. If you overpay, you'll lose too much money when your opponent calls with a hand better than yours. If you underpay, you'll be offering your opponent correct pot odds to stick around with a drawing hand. Neither situation is good, so the exact amount of the bet is very important.

Doing nothing with even one lead is like flushing money down the toilet. It is a serious lapse in judgment and waste of precious resources every time you fail to follow-up with every lead or every customer.

You don't get rewarded for creating great technology, not anymore," says a friend of mine who has worked in tech since the 1980s, a former investment banker who now advises start-ups. "It's all about the business model. The market pays you to have a company that scales quickly. It's all about getting big fast. Don't be profitable, just get big.

If economics were only about profit maximization, it would be just another name for business administration. It is a social discipline, and society has other means of cost accounting besides market prices.

There's a big movement out there that is not yet recognized as a movement," a lawyer who specializes in for-benefit organizations told The New York Times.6 One reason could be that traditional businesses are profit maximizers, which square perfectly with Motivation 2.0. These new entities are purpose maximizers—which are unsuited to this older operating system because they flout its very principles.

intrinsically motivated purpose maximizers, not only extrinsically motivated profit maximizers.

two types of business organizations—profit and nonprofit.

two types of business organizations—profit and nonprofit. One makes money, the other does good.

traditional businesses are profit maximizers, which square perfectly with Motivation 2.0. These new entities are purpose maximizers—which are unsuited to this older operating system because they flout its very principles.

Search, which is extremely important, represents about 5% of the page views on the Internet and 40% of the revenue. So, highly monetized.

Unfortunately writers take a very small part of the profit on their books, and I think in the e-book world there is a real danger they will take even less, unless they are vigilant and robust about protecting their own interests.

A fair observer only has to ask: If there is violence, who profits?

Movie makers now choose profit over vision.

He's always said if you wish to die rich, invest in vice.

For what shall it profit a man if he shall gain the whole world and lose his own soul?

How I Love Lucy was born? We decided that instead of divorce lawyers profiting from our mistakes, we'd profit from them.

There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by supplying customers with goods they want to acquire.

The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble.

If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers.

There is no room at all for independent enterprise under any variety of State Socialism. Prices are to be regulated authoritatively; authority is to fix what is to be produced, and how, and in what quantities. There is to be no speculation, no 'excessive' profit, no loss. There is to be no innovation unless it be decreed by authority. The official is to direct and supervise everything.

What is thus improperly regarded as profit, instead of as part of capital, is consumed by the entrepreneur or passed on either to the consumer in the form of price-reductions that would not otherwise have been made or to the labourer in the form of higher wages, and the government proceeds to tax it as income or profits. In any case, consumption of capital results from the fact that monetary depreciation falsifies capital accounting.

It is not the fault of the entrepreneurs that the consumers, the people, the common man, prefer liquor to Bibles and detective stories to serious books, and that governments prefer guns to butter. The entrepreneur does not make greater profits in selling bad things than in selling good things. His profits are the greater the better he succeeds in providing the consumers with those things they ask for most intensely.