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2 kinds of businesses
Episode 15230th June 2022 • Irresistible Communication • Dr. Michael Gerharz
00:00:00 00:01:45

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How it matters whether you’re in it for the profit or for the cause …

Read more thoughts on the art of communicating week-daily at https://michaelgerharz.com/blog

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There are two kinds of businesses.

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Those that set out to make a great product.

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And those that set out to make a great profit.

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It might turn out that both end up with the exact same product that generates

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the exact same amount of profit.

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But it feels vastly different to be a part of each.

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When your goal is to make a profit, you'll likely optimize your product

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so that it maximizes your profit.

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Quite likely, the best way to maximize the profit is to build a product

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that is great for your customers.

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But ultimately, that's not what these businesses care about.

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They don't care for people.

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They care for profits.

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For them, customer satisfaction is a means to drive profits.

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When your goal is to make a great product, you will likely optimize your

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product to solve a specific problem or to serve a need of your customers.

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Quite likely, the best way to solve this problem or to serve that need,

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is going to appeal to your customers, thus leading you to make a profit.

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But ultimately, that's not what these businesses care about.

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They don't care for profits.

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They care for people.

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For them, profit is a means to drive customer satisfaction.

So, that's your choice:

for you, is customer satisfaction

So, that's your choice:

a means to drive profits?

So, that's your choice:

Or is it the other way round?

So, that's your choice:

Do you make profits in order to drive customer satisfaction?

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