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Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them. Business, that's easily defined - it's other people's money.
UK economy ‘treads water for six months’
Britain is mired in a ‘mediocre and disappointing’ recovery with the economy barely regaining output lost to the pre-Christmas arctic snap, a survey has found.
In a gloomy report published overnight, the British Chambers of Commerce warned that the government’s austerity drive has acted as a ‘worrying’ drag on the UK’s economic revival. Despite a mini-boom in exports, confidence among manufacturers has slumped to levels last seen during the depths of the recession in 2009 because of ’sluggish’ domestic demand, it found.
Lacklustre growth is causing firms to delay plans to hire new staff and invest in the future, with new employment in the services sector running at a three-year low, according to the BCC. Soaring raw material costs are also squeezing firms, with four out of five companies surveyed by the BCC admitting that they’re facing growing pressure to pass on commodity inflation to customers.
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Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. One more thing is in the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. Remember, a business that makes nothing but money is a poor business.
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