The Voluntary Life: Entrepreneurship Part 4: Profit is Sanity

16 January 2012

Entrepreneurship Part 4: Profit is Sanity

A podcast for entrepreneurs about getting your business to profitability and making it more and more profitable once you get there. The title of this podcast comes from the saying "turnover is vanity and profit is sanity". Some of the topics covered in the episode include:

  • The unjustly-bad reputation that profit has in our culture and it's origins
  • The other motives (unrelated to profit) that entrepreneurs have and the problems that they cause for their business
  • Profit as the truly rational measure of how healthy your business is
  • Two approaches cutting expenses to increase profit
  • The value of measuring profitability at the project or product level
  • The necessity of measuring all aspects of operations to find out where you make a profit and where you don't