In business terms, a profit is the margin that you have when you take the difference between the amount of money you were paid and what it cost you to deliver goods or services. It is not all business endeavours that are profitable, and the margin can be different depending on the type of endeavour and how it is managed. In fact, the type of investment, market conditions, business climate, business strategy, management skills, etc. determine profitability. Most profitable businesses are those that are managed efficiently, where resources are optimized for gain.
It seems that most endeavours in life are just like business transactions. For example, you can invest time and effort in studying for an exam so you can gain academic success. You can also invest time and emotional connection in a relationship so you can gain companionship. Whatsoever you invest and how you manage the investment would determine how much gain would be available thereafter, and the gain could be for you or shared with others. In the same vein, leadership calls for an investment; an investment of one’s personal resources including time, emotions, skills, talents, effort, and good will in other people. The most profitable leaders invest in others. The hallmark of leadership is the manifold effect realized when the world gains other leaders because of our investment.
As individual leaders in our areas of niche, let us make the new year a profitable year by becoming intentional in our relationships with those we work with. Every single one of us can be a source of inspiration to those around us. Our conduct, dedication, contribution, and the support we provide to others become part of our collective effort to build a better society. The world becomes a better place when individuals become better people. That would happen through your stewardship and my stewardship, as we become more profitable in our leadership in the new year.
Actions for the week
A quote to remember
“If you want one year of prosperity, grow grains. If you want ten years of prosperity, grow trees. If you want one hundred years of prosperity, grow people.” – An old Chinese proverb.
Until another time,
Dele Ola, Award-Winning Author of Be A Change Agent
Click HERE to learn about and get copies of Dele’s Books