2 kinds of businesses

There are two kinds of businesses. Those that set out to make a great product. And those that set out to make a great profit.

It might turn out that both end up with the exact same product that generates the exact same amount of profit but it feels vastly different to be a part of each.

When your goal is to make a profit, you’ll likely optimise your product so that it maximises your profit. Quite likely, the best way to maximise the profit is to build a product that is great for your customers. But, ultimately, that’s not what these businesses care about. They don’t care for people, they care for profits. For them, customer satisfaction is a means to drive profits.

When your goal is to make a great product, you’ll likely optimise your product to solve a specific problem or to serve a need of your customers. Quite likely, the best way to solve this problem or to serve that need is going to appeal to your customers, thus leading you to make a profit. But, ultimately, that’s not what these businesses care about. They don’t care for profits, they care for people. For them, profit is a means to drive customer satisfaction.

Your choice.

Check out my new book
The PATH to Strategic Impact

Get The Art of Communicating in your inbox.
Change minds, drive action, and turn confusion into clarity.

    I value your privacy. No spam. Just “Great stuff, brilliantly articulated” (to use the words of longtime reader David).

    Read More

    Status Update Day

    It’s Monday. Status update day in many teams.But listen closely … you’ll hear a lot of words that sound like progress but without any actual

    Read »

    Your truth, their truth

    Your truth, your words.Their truth, their words. If you want someone to see your truth, it’s not going to work using your words. You need

    Read »