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Measuring business success

How many people spend their money with you and how much they spend—that’s the true indicator of business success.

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What is the purpose of business?

The historically most accepted view is that the purpose of business is to make maximum profits for its owners. I believe it should be to make the world a better place.

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What is business?

For a business to even exist, a trade of goods or services must take place. If you want to trade, you must be able to sell. If you cannot sell, you don’t have a business.

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Average annual expenditures in 2012 (USA)

How much money are we spending per year and what are we spending it on? Latest data from the U.S. Bureau of Labor Statistics.

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Top 100 occupations in 2012 (USA)

Here’s a list of top 100 occupations in the U.S. by number of employees, according to the U.S. Bureau of Labor Statistics.

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How to genuinely fix the economy?

Our economy is sick. If we’re to survive as a species, the current economic system must change. What should our priorities be?

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What’s wrong with our economy?

Something is not right with our economy. But, is that something just a temporary glitch that will straighten itself out over time? Or, are we talking about an inherent flaw in the system that will ultimately bring about its own downfall?

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Thoughts on unemployment

If work can be done cheaper without human involvement, it will be done. It’s only a matter of time before all humans in the production process will become redundant. Business owners around the world are inadvertently making the 100% unemployment rate a reality.

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Is your business a one-trick pony?

If your business is a one-trick pony, it will die. It’s only a question of time and there is only one thing you can do about it.

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Product life cycle

What is product life cycle and the choice of marketing strategies available at each stage.