How many people spend their money with you and how much they spend—that’s the true indicator of business success.
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.
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.
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.
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.
Our economy is sick. If we’re to survive as a species, the current economic system must change. What should our priorities be?
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?
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.
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.
What is product life cycle and the choice of marketing strategies available at each stage.