1586: Profit is a Better Goal Than ‘Social Good’ by Isaac Morehouse on Business Success
Chasing social impact without profitability often results in wasted resources and unintended consequences
Optimal Work Daily - Career, Productivity and Entrepreneurship · Optimal Living Daily | Dan W.
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Show Notes
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Episode 1586:
Isaac Morehouse argues that profit serves as a reliable measure of value creation, incentivizing innovation and efficiency while ensuring sustainability. Chasing social impact without profitability often results in wasted resources and unintended consequences.
Read along with the original article(s) here: https://isaacmorehouse.com/2015/09/22/profit-is-a-better-goal-than-social-good/
Quotes to ponder:
"Profit is proof that you have created value for someone."
"If your idea of making the world a better place is providing something people want and are willing to pay for, you’ll never lack opportunity."
"Good intentions alone are not enough; sustainable impact requires a business model that works."
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