A Quote by Ted Malloch
Profitability is the consequence of doing business in the right way, to honor God.
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Money is just a consequence. I always say to my team, 'Don't worry too much about profitability. If you do your job well, the profitability will come.'
The success of the Starbucks has been based on this balance between profitability and a social conscience. Everywhere we're doing business, were trying to manage the business through the lens of humanity.
Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business.
Your typical business just measures the metrics that have to do with the profitability of the business one way or another. But you can have metrics that measure employee happiness and the morale. You can also do direct customer surveys; you can track it over time. You can do supplier satisfaction scores as well.
A well-managed business will have a high return on invested capital. But that's a consequence. It's not a way to manage a business.
If God gives you a few more years, remember, it is not yours. Your time must honor God, your home must honor God, your activity must honor God, and everything you do must honor God.
If you're living a yielded life, and if you have the preaching and teaching gift, and you're yielding that to God on a continual basis, that's one of the signs that you're in the right place doing the right thing for the right reasons. If you're doing something in the kingdom, and you rarely feel that, that's a red flag. Something needs to be looked at. Are you using the right gift? Are you using it in the right way? For the right reasons? At the right time? In the right context? If I didn't feel it consistently, that would be quite troubling to me.
Liberal education develops a sense of right, duty and honor; and more and more in the modern world, large business rests on rectitude and honor as well as on good judgment.
Let no one imagine that he will lose anything of human dignity by this voluntary sell-out of his all to his God. He does not by this degrade himself as a man; rather he finds his right place of high honor as one made in the image of his Creator. His deep disgrace lay in his moral derangement, his unnatural usurpation of the place of God. His honor will be proved by restoring again that stolen throne. In exalting God over all, he finds his own highest honor upheld.
I was working with an extraordinarily successful company that was doing a CEO succession, and the board was discussing the threats to the business. They were enormous, despite the company's strong market position. I then realized that there were no longer just turn-around periods for companies in trouble, that now variables that could drastically effect any business's profitability were not going to go away.
If you want to run the show, God will let you. If you want to pull all the strings, that's up to you. If you want to insist that what you are doing is the way it should be done, even when you are not getting anywhere, go right ahead. God will let you run yourself ragged, if you choose to do so. Unfortunately, you may not always be aware that you are in God's way. . . . God has no need to prove to you what God can do.
If you're trying to get to profitability by lowering costs as a startup then you are in a very precarious and difficult position. You need to grow through profitability.
But they that hold God to be [an incorporeal substance]do absolutely make God to be nothing at all. But how? Were they atheists? No. For though by ignorance of the consequence they said that which was equivalent to atheism, yet in their hearts they thought God a substanceSo that this atheism by consequence is a very easy thing to be fallen into, even by the most godly men of the church.
If there is one word that describes the meaning of character, it is the word honor. Without honor, civilization would not long exist. Without honor, there could be no dependable contracts, no lasting marriages, no trust or happiness. What does the word honor mean to you? To me, honor is summarized in this expression by the poet Tennyson, "Man's word [of honor] is God in man."
When everybody else is in a down market is focusing on what they're doing wrong, instead focus on what you should be doing differently, it may be that what you did in the past was perfectly right. It is possible to do all the right things in business and still have a business crisis because of what's happening in the external environment. And if you start focusing on mistakes only, you're going to miss opportunities.
I speak of honor-your honor to God-your honor to country-your honor to self. I sincerely believe it to be the cure to most of our ills, both on a national or individual basis.
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