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172 - Profit
Manage episode 375178956 series 2954305
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Khalil and Martin
The Cashflow Contractor Podcast
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When it comes to profit, having the right mindset is crucial for success. Many people view profit as a negative concept, associating it with greed or exploitation. However, it is important to understand that profit is not evil or unethical. In fact, making a profit is integral for any business or organization.
Join Martin and Khalil as they delve into the importance of profit and the limiting mindsets associated with it.
Time Stamps
- 00:18 - Khalil's Recent House Insulation Problem
- 04:07 - Women's World Cup
- 06:06 - New Microphones and Better Camera Angles
- 07:06 - BrandScript & Job Ads
- 10:13- Episode Intro
- 10:54 - The Objective Purpose of Business
- 17:23 - Mindset & Limiting Beliefs Toward Profit
- 27:07 - Greed & Self-Interest
- 32:28 - Why Some People Holdback on Profit
- 36:25 - Fixed Pie Thinking
- 38:48 - Profit is an Incentive
- 40:58 - Taxes, Government & Profit
- 43:52 - Profit and Philanthropy
- 44:52 - Profit as Your True Validation
- 46:33 - Why Staying in Business is a High Calling
Quotable Moments
- "There are as many subjective reasons to be in business as there are business owners." - Martin Holland
- "There's only one objective purpose to being in business, and it's true for every business, and it's to convert cash into more cash." - Martin Holland
- "To let go of the subjective and focus on the objective when it comes to profit is not always easy, especially when you can be so focused on sales because you see it as the conductor engine." - Khalil Benalioulhaj
- "Profit is a way that both parties can benefit to a transaction." - Martin Holland
- "You don't really take advantage of a customer if they're willing to purchase from you what you want to sell them." - Martin Holland
- "Government should be vigorously promoting the advance and increase profitability because they're the number one benefiting shareholders." - Martin Holland
- "If you make money, you can give it away and do good things. If you don't make money, you have no power to do that other than maybe volunteering on your weekends." - Martin Holland
- "It's only through profit that we can actually do good. And we do good because we're rewarded for it." - Khalil Benalioulhaj
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