172 - Profit
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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 & 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 from the Show
"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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