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Can a loss be good? Can a profit be bad? Context is very important in accounting. Certainly, an overall loss is never a good thing, but occasional losses are unavoidable and certain losses can actually be valuable. We call these “acceptable” losses. There are also ways to profit that risk hampering future growth. We will call these “risky” profits. Continue reading
Turning value into profit is not all that difficult once you’re maximizing value: if you bring value to your customers and they bring value to you, together you create money that wasn’t there before. That’s profit! Your financial strategy will be successful when it’s based on this mutual exchange of value—and so will the economy. Continue reading
