#davesdailychallenge (129): The Case for Profit. It’s amazing nowadays how often the idea of making money is demonized. Any organization that does not make money will have one of a few things happen to it. It will either need to rely on fund-raising efforts of one form or another or it will go out of business. Many businesses exist for long periods of time without making a single dollar of profit but they don’t do it in a vacuum. They have millions of dollars worth of venture capital at their fingertips or influential investors ensuring that a lifeblood of money flows into the system. Let me ask you this…what happens when that flow dries up? Will that business be able to pay it’s employees? Will that business be able to continue any investment in R&D for products or social causes? During an election year it’s very easy for politicians to highlight businesses that make a profit in some manner that they don’t agree with. Before you fall in line with this assumption that profit = evil remember all of the good that these profits fuel. Countless millions of Americans, and citizens of the world, live off the paychecks made possible from for-profit companies. Governments of the world churn off the taxes collected from profit. Massive social welfare projects, community and infrastructure building, and the support of those too sick or elderly to take care of themselves are made possible in large part because of other entities ability to make a profit. There are a million shades of grey with this but an organization that makes a profit can sustain itself and that leads to health, wealth, and the support of our future.
