A Quote by Steve Case
Today, National Geographic has a membership side with a magazine and some television side, and they generate about a billion dollars in revenue, and they're profitable. And so at the end of the year they have some bottom line profit which they can then reinvest, because they're running it as a not-for-profit in charitable endeavors.
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Many entrepreneurs embrace profit-making and charitable purposes. Companies such as shoes seller Toms and eyeglass firm Warby Parker sell products at a profit with a pledge to devote part of their earnings to the needy. The number of for-profit businesses with a built-in charitable dimension has proliferated.
Unlike public universities and private, not-for-profit colleges, for-profit schools are owned by revenue-seeking businesses often more intent on boosting their bottom line than educating their students. They use hard-sell tactics to recruit prospective students, and veterans have become particular targets.
All told, these profit levels have put the world's five largest publicly traded oil companies on track to earn more than $100 billion before year's end. Yet, at the same time that Big Oil's bottom line is going up, so are Americans' energy costs.
If you can't figure out how to make money on three billion in revenue, when exactly will the profit magic be found? Ten billion? Fifty billion?
We need to reverse three centuries of walling the for-profit and non-profit sectors off from one another. When you think for-profit and non-profit, you most often think of entities with either zero social return or zero return on capital and zero social return. Clearly, there's some opportunity in the spectrum between those extremes. What's missing is the for-profit finance industry coming in to that area. Look at the enormous diversity of the for-profit financial industry as opposed to monolithic nature of the non-profit world; it's quite astonishing.
I never understood how, when if so many businesses can make a profit delivering services and products to state education, you could not take it further and allow for-profit operators to run some schools. Most people care about good outcomes, not whether something is for-profit or not.
We, in the business world, invest our money to make a profit. Sports teams make a good profit. That's the way the system should work, not taxpayers forking over these dollars to for-profit enterprises.
There can be no profit in the making or selling of things to be destroyed in war. Men may think that they have such profit, but in the end the profit will turn out to be a loss.
The value that some analysts put on revenue vs. what they put on profit is out of whack. If you can grow real cash earnings, that's 80% of what you ought to do, and the revenue component is 20%.
During the fiscal year ending in 1861, expenses of the federal government had been $67 million. After the first year of armed conflict they were $475 million and, by 1865, had risen to one billion, three-hundred million dollars. On the income side of the ledger, taxes covered only about eleven per cent of that figure. By the end of the war, the deficit had risen to $2.61 billion. That money had to come from somewhere.
I know that some knowledgeable people fear that although we might be willing to spend a couple of billion dollars in 1958, because we still remember the humiliation of Sputnik last October, next year we will be so preoccupied by color television, or new-style cars, or the beginning of another national election, that we will be unwilling to pay another year's installment on our space conquest bill. For that to happen well, I'd just as soon we didn't start.
We all have a fight - some an easy one, and some a big one, and if you have formed the idea that there is a kind of dividing line in the world, and that on the one side is the good, and on the other side the bad, why, all I can say is that you have a wrong notion of things.
Behind the ambitious, creative talent that is Hollywood lies a darker side of the entertainment industry little appreciated by the ordinary moviegoer. It's an opaque world of film financing, revenue accretion, and minimal profit share.
I've had some bad business lessons and learned some things. It's not always about going platinum. So long as I know who is buying my records and I generate revenue that's mine, then it's cool.
The [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.
The bottom line is down where it belongs – at the bottom. Far above it in importance are the infinite number of events that produce the profit or loss.
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