28 August 2007
Step 3: Profit!
People keep telling me that businesses have only one motivation: Money. I don't buy it. Sure, there are companies that are only motivated by money. There have also been plenty of companies that were clearly not motivated by money at all. (Like...I dunno...a good percentage of the dot-com bust casualties.) In my experience, though, most companies are motivated roughly equally by money & a vision. And it's not just that sticking to a vision may mean more money in the long term. I have seen & been a part of companies deciding to take a course that might mean less (though still positive) profit because it better fits the vision. When it comes right down to it, most entrepreneurs I've known have been more interested in building something--a product & a company. Money is important to them--no doubt about that, but only up to a point. They're driven to work & to build. No amount of money will convince them to retire.