Monday, September 8, 2014

Growth vs. Profit

I read an interesting article this morning. It looked at the interesting business perspective, and practice, of Amazon. Specifically, it examines Jeff Bezos' belief that Amazon must, "keep investing, because to take profit out of the business would be to waste the opportunity."

While this approach is clearly working for Amazon, with reports valuing the company upwards of $90 billion, it creates a conundrum for me. As a professional, as a parent and as a person, the struggle between growth and profit is a continual one. And it is one that I am always looking for new insights into.

In all aspects of my life, my success is directly measured in both growth and profit. In my sales driven professional world, the profit is actually the bottom line of my growth. However, I have grown to understand that my balance sheet shows a much more important accounting of life changing commitment and excellence through:

  • Reading - I allow myself to read one fun non-fiction book (often a trashy sci-fi romance romp) in exchange for feeding my mind one positive, life-affirming, person-improving, career building non-fiction title each month. I know that reading makes me smarter and the smarter I read, the stronger I become.
    • Networking - The more people I meet, the more perspectives I collect. It's easy to get along with people who see the world like me. Early on in my career and life, I surrounded myself with these affirming voices. However, now I enjoy meeting people way outside of my comfort zone even more, for they are the ones that most often challenge me to see the world in a different way. Because I focus on pouring back into my relationships at least as much as I get out of them, what began as professional networking to sell more, has grown into a diverse and exciting collection of dear friends I truly value.
    • Empowering - My second calling, when I finally put down the sales professional baton, is teaching. I look forward to the day when I can give back to the next generation as much as my great teachers gave to me. In the meantime, I am cutting my teaching teeth on helping my clients, friends and colleagues better understand marketing, advertising, public relations and sales. By focusing on empowering those around me to make better decisions for their companies and organizations, I am growing my ability to teach.
    By committing to these disciplines, I have been blessed to do good work. My commitment to growing myself has created profit for my company and my family.

    Profit is important. I have to deliver value to my company. All of the personal growth in the world won't justify not hitting my goals or producing results for my team. I am responsible for the bottom line, as are we all in one way or another.

    The reason that report cards, monthly goals and deadlines exist is so that we can account for our efforts. But they also give us the opportunity to mark our growth, or not, learn and move forward. They allow up to punctuate our lives with important markers that let us move forward to our next level of success.

    My focus will always be on my growth, but I will always equally be responsible for the profit that my growth should produce. Unfortunately, my accounting isn't cushioned by a billion dollar cloud like Amazon. However, I argue that here on the ground, on the front line of sales and life, the stakes are even higher. My professional and personal legacy are at stake.

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