How do you make profit
If you do not do business, then how do you realize the feelings of business. We are selling our items, may be that is pen, pencil or anything else. You know the product, you know the customer, but you do not know the utilization of that item and how it helps or how it provides value to human life, then what is the purpose of that activity!! As a salesman, as an entrepreneur, I always focus only one thing, i.e., how we create value to the customers life. How our offering affects consumers activity and fulfill the necessity.
Why are we into the business? Simple answer is for PROFIT. Then the question arises that, the profit for whom? Is it only for us or profit for both sides – seller and consumer. Business remains into the human behaviour from the ancient time. Human being practices business through give and take method. One person gives something to get another item. Suppose, anyone gives rice for the shake of milk or anyone gives cattle for vegetables, and so on. So, the primary focus is the benefit of both sides. If you do not know this simple theory , then how do you make money or profit ! If you are not willing to provide services to another person, then how do you expect the same behaviour from others! So, value chain is the single biggest aspect of business moat.
It is well said by Lord Chesterfield- “Men as well as women, are much oftener led by their hearts than their understandings”