josephschmitt.me

I build things with my mind.

I also share cool things on Reusable Bits.

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Some people will start businesses that extend their individual capabilities and expand the goods/services provided to a larger group of potential customers. While they certainly want to be profitable, they are still largely motivated by a sense that they can provide something that someone else can’t.

Eventually such businesses can grow and become some of the large corporations that we see today.

So to revisit the original question, “what is the point of business?”, the only legitimate answer can be to provide goods and/or services and make money as a result.

There may be those that disagree with me, but it is important to recognize that the failure to focus on goods and services invariably results in a failed business that is no longer capable of making money.

Economics: The Purpose Of Business