What is the purpose of a company? What is the purpose of business?

What is the purpose of business? What is the purpose of a company? No, it’s not making money or a profit. It’s also not creating jobs.

The purpose of a company is always to provide value to its customers – and it‘s therefore clear that this must be the focus of your company.

Unfortunately a lot of companies lost this focus.
Be sure that your business vision reflects the purpose of your company.

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"Employees want to know Why?“

[Connor-ntgy]

What happens when you don't make a profit? Your company fails. You have to let everyone go. It is 100% about generating profit in exchange for the value you provide. You could sit outside all day long selling koolaid but unless you make a profit you won't be able to feed yourself, pay rent, grow, scale, hire, take care of your employees. The value you provide is nothing without profit. That is the north star. How to get there? Provide value. Listen to your customers. Love your customers. Make your customers feel heard and special. Understand them. Make them know that you're there for them. Never underestimate the importance of profit, and it's directly related to you relationship with your customer.

[sgygfbq]

I found this video when I googled “what is a purpose of a company?” that my prof asked me as an assignment. Your video makes sense to me!!! Your explanation was easy to understand and the length of time was just right😂👍 Thank you so much for taking your video!!

[jimxiin]

i have business test tomorrow and im watching this rn