There is no other reason for being in business than to count the money

[Peter Bestel]

This is a quote from Stuart Wilde's 'The Trick to Money is Having Some!'

To quote it in its entirety:

"There is no other reason for being in business than to count the money. Manufacturing, creating, selling, P.R., and shipping are not the business - collecting and counting the money is the business."

I used to have a problem with that, but I'm a lot easier with it now. Does that statement clash with your beliefs? Do you have different reasons for being in business and if you do, do you think your reasons makes you more, or less profitable?

Peter

[Dmitry]

No. Business is business. If I just wanted to give I'd do it for free. And I do it. But in the end of the day I count the money.

[Tony_D]

I don't have a problem with that, because in order to make money you must deliver what people want. There is no way to make money selling something nobody wants.

Most people do what they do for the money. Sure, you might enjoy what you do and feel good about yourself because of it, but would you continue to do it if it didn't pay the bills?

People pay for things because they want or need them. So, if you're running a profitable business, you are helping out others. And not just your customers, anyone else who you hire to do work for you. If your main interest is not making money, then you're really doing these people LESS good than you would be able to otherwise. For this reason, it is good for a businessman/woman to have the bottom line on their mind whenever they make a decision.

[Hamish Jones]

Obviously you want to make money from your business, but the reason I work for myself is more for the personal freedoms it offers me- especially in terms of how I get to spend my time!

[Nick Brighton]

Yep, it's equally about personal freedom along with enjoying to my utter core what I do.

I also love helping people.

But apart from these things, along with health and family, money is all I care about. So yes, I wouldn't be here if I didn't love money.

But sooner or later you'll see that money is material. If you're in your death bed, what good is a gold watch? If you're driving a Murcielago with "yo byatches in da bak", what good is that when you've got no family to welcome you home for thanksgiving or Christmas?

The purpose is to make money and live and survive but money is not everything... What about love, relationships, family, children, hobbies, and etc ...

Sure everyone wants to make money but business is infact about the product, creation and etc .. Because if you do not put every effort into high quality then you have no business and no sales which means no money..

Just a thought

James

[Steven Carl Kelly]

Not a problem with it at all.

[Peter Bestel]

A year or so ago, I would've said that my reason for being in business was to provide well for my family, gain freedom and be happy

Money is simply a way to attain these goals - I still believe that, but when I consider the business, I've made some subtle changes in my belief system.

I now think of the business in isolation. For me, it's purpose is no longer to give me freedom - I do that. It doesn't provide for my family - I do that. And it's not responsible for making me happy - I decide that.

The reason for being in business and therefore the reason for the business, is to make money - bottom line!

Quite often and if managed well, the more money it can make, the more it can help me with my goals.

So, instead of trying to ask of the business all these wonderful esoteric goals; make us happy; help more people; give me more free time etc, I've taken responsibility of those and I've decided on this singular business goal of making money. It has helped me focus the business more acutely and has had a dramatic and positive effect on profits.

Peter

[bobsstuff]

"Business Is A Game
You Keep Score With Money"

[Janet Sawyer]

Originally Posted by Peter Bestel

This is a quote from Stuart Wilde's 'The Trick to Money is Having Some!'

To quote it in its entirety:

"There is no other reason for being in business than to count the money. Manufacturing, creating, selling, P.R., and shipping are not the business - collecting and counting the money is the business."

Peter

The whole quote, I agree with 100%, no argument from me there.

Now what was that quote?

I wonder how many here will actually take the time to read and understand that quote. Looking forward to the responses.

[takita787]

that's about sums it up lol.

[JasonParker]

Originally Posted by Peter Bestel

This is a quote from Stuart Wilde's 'The Trick to Money is Having Some!'

To quote it in its entirety:

"There is no other reason for being in business than to count the money. Manufacturing, creating, selling, P.R., and shipping are not the business - collecting and counting the money is the business."

I used to have a problem with that, but I'm a lot easier with it now. Does that statement clash with your beliefs? Do you have different reasons for being in business and if you do, do you think your reasons makes you more, or less profitable?

Peter

Counting the money... That's my favorite part too.

[Peter Bestel]

You won't often find me quoting from the bible, but indulge me for a second:

For the love of money is the root of all evil - Timothy 6:10

Often mis-quoted, but whether you're religious or not, this is still something to bear in mind, don't you think?

It's an important distinction from purely making money for money's sake to making money for the sake of your goals. However, this is to do with your personal goals and not your business goals.

Is it OK for your business, to love money?

Peter

[VegasVince]

Originally Posted by Peter Bestel

This is a quote from Stuart Wilde's 'The Trick to Money is Having Some!'

To quote it in its entirety:

"There is no other reason for being in business than to count the money. Manufacturing, creating, selling, P.R., and shipping are not the business - collecting and counting the money is the business."

I used to have a problem with that, but I'm a lot easier with it now. Does that statement clash with your beliefs? Do you have different reasons for being in business and if you do, do you think your reasons makes you more, or less profitable?

Peter

"...and when they show up.....bill 'em.."

Got the book on my shelf. Stuart rocks. This is one of Dan Kennedy's favorite books too....which makes me feel good...cuz I bought it years ago...and loved it.

And concerted action in the market place trumps all the "secrets" as I suspect you'se know.

xxxVegas Vince

[Peter Bestel]

Vince,

I love the dedication too:

"This book is dedicated to
the Gods of Liquidity.
May they smile favorably on
each and every one of us."

Change book to forum and I think we've got ourselves the Warrior Motto!

Peter

[David Reed]

Peter.

I totally agree with you.

But your sentiment is hardly surprising coming from a Scotsman

David

[Peter Bestel]

Originally Posted by David Reed

But your sentiment is hardly surprising coming from a Scotsman

David,

Maybe that would be true, if I wasn't a Scouser!

[rapidscc]

Ouch peter,

I myself would like to count tons of money, specially dollars, just think dollars here in my country is x 43.

Although that statement stinged a bit when I read it.

To me the heart of business is profit..The way of the merchant is to earn but the method is to GIVE VALUE...

So in my opinion that statement has a truth in it but only half of it.

The other half is VALUE..A lot of us here always declare adding value to the market place don't we..So that's half of the story..For me that is...

~Omar / Rapidscc

[BIG Mike]

There's no shame in making an honest living, regardless of how you do it. To me, it's just business - nothing more and nothing less. That's actually something my wife used to struggle with, i.e.; being embarrassed about charging friends for tuition to our private EFL school.

One of our "friends" came in to complain about the cost for both of his kids and wanted a hefty discount...because we are friends after all. Until I reminded him that his wife, who is also our pediatrician, sees all four of our kids regularly and has never once extended a discount to us. In fact, she often sees all four during two time slots and always charges us for four office visits.

I assured him that I don't have a problem with her charging us - it's her practice and her living. It's just business. By the same token, the EFL school is just business and in the end, as I pointed out, it pretty well balances out anyways.

I see it like this - you want me to help you paint your house? No problem, it's the neighborly thing to do. Want me to write a Windows program for you? You're paying the full rate because that's the business I'm in and I'm in it to make money. And proud of it

[johntanyishin]

Yeah, i had a debate in my school before. The topic was "All businesses exist solely because of money, profit making is the bottom line." I remember discussing about corporate social responsibility, non-profitable businesses, etc.

It really depends on your values. What do you want by doing this business? So if it's money, so it is!

JTYS

[Vince Runza Online]

I had some Romantic ideals regarding business. Then I got some business planning advice from Bev Clement. She pointed out that:

A business is either an organization or a person(s) operating with the objective of making a profit from the sale of goods or services. (Italics mine)

Unless you are specifically setting up a not-for-profit entity, you're NUTS if you think making a profit isn't the #1 goal of your business!

[AndrewCavanagh]

Very simple quiz.

Ask yourself this question.

If you could set up your business so it completely run without you and you had no input whatsoever.

No say in what happened...no one would listen to you...they wouldn't even take your calls.

No interactions with clients.

No surfing the warrior forum or doing any business related activities whatsoever.

In fact not only would you not have to do that you would not be allowed to do it...you would have to stop immediately and NEVER do any of that stuff ever again.

Yet you still made exactly the same income...would you be happy with that?


Now if there are some of the things you do in business that you wouldn't want to give up then clearly you have other reasons for being in business besides the money.

Kindest regards,
Andrew Cavanagh

P.S. I actually have a huge problem with the statement.

It ignores an underlying morality that should be in us all...to serve our fellow man.

That should be at the core of any business idea along with the concept of profit.

[Sean Hoffman]

That all depends on what form of evil you are working for

[Tony_D]

Originally Posted by AndrewCavanagh

Very simple quiz.

Ask yourself this question.

If you could set up your business so it completely run without you and you had no input whatsoever.

No say in what happened...no one would listen to you...they wouldn't even take your calls.

No interactions with clients.

No surfing the warrior forum or doing any business related activities whatsoever.

In fact not only would you not have to do that you would not be allowed to do it...you would have to stop immediately and NEVER do any of that stuff ever again.

Yet you still made exactly the same income...would you be happy with that?


Now if there are some of the things you do in business that you wouldn't want to give up then clearly you have other reasons for being in business besides the money.

My only problem with that would be that I could no longer tweak my methods to make more money than I already was.

[Shaun OReilly]

Originally Posted by Peter Bestel

This is a quote from Stuart Wilde's 'The Trick to Money is Having Some!'

To quote it in its entirety:

"There is no other reason for being in business than to count the money. Manufacturing, creating, selling, P.R., and shipping are not the business - collecting and counting the money is the business."

I used to have a problem with that, but I'm a lot easier with it now. Does that statement clash with your beliefs? Do you have different reasons for being in business and if you do, do you think your reasons makes you more, or less profitable?

Peter

I've read Stuart Wilde's book at least twice and dip into it now and
again.

However, in this instance, the quote is incomplete because there
are OTHER reasons - as well as counting the money - for being in
business.

If you want to just count the money - then do what my sister does.
(She works as a teller in a bank).

A pre-requisite for a business is of course to turn in a profit.

I'm in business to make a difference and make a profit - and no -
they are not mutually exclusive.

There's more to business that just money.

What's it all about Alfie?

The bottom line is not the only bottom line in my business.

For me, there's also a distinction between monetary income and the
psychic income you get from being in business.

You only want the money for what you think it will do for you.

Best wishes,

Shaun

[Peter Bestel]

Shaun,

You're right, of course, Stuart Wilde goes on to explain that there's more to a business than just counting the money, but short of transcribing the whole chapter I considered this to be enough for our discussion.

I don't think we're coming at this from such a different viewpoint, we are just making different distinctions.

I am not in business solely to make money. Money is nowhere near my number 1 driving force. I love providing the service that we do. I love thinking up new ways that we can help people with our business. I love being creative with marketing strategies. I love the control and flexibility we have giving us a tremendous work-life balance.

To allow all this to happen, the job of the business is to make money.

To make money, not at all costs and within the boundaries of our beliefs, but its job is to make money. Everything else that the profits allow us to do, how it makes us feel and how we impact the rest of the world, is our decision.

Peter

[Kim Standerline]

I don't think I have a problem with it, (I like counting money)

Kim

Originally Posted by Peter Bestel

This is a quote from Stuart Wilde's 'The Trick to Money is Having Some!'

To quote it in its entirety:

"There is no other reason for being in business than to count the money. Manufacturing, creating, selling, P.R., and shipping are not the business - collecting and counting the money is the business."

I used to have a problem with that, but I'm a lot easier with it now. Does that statement clash with your beliefs? Do you have different reasons for being in business and if you do, do you think your reasons makes you more, or less profitable?

Peter