Most people think that the purpose of a business is to make a profit. I don’t agree.

Profits are part of business, for sure—a very important part. But if profits are looked upon as the main reason for being in business, it’s unlikely there will be much in the way of earnings—at least not in the long haul.

I see profits in business being akin to eating in life. Eating is important to sustain life. But it’s not the PURPOSE of life. You can go without eating for awhile, but eventually you need to fuel your body or you won’t be around to fulfill your purpose.

In my own life and in my business, I’ve found that when I’m focused mostly on income or profits, they have tended to be much more elusive—sometimes nonexistent.

But when we focus on adding value, solving problems and truly serving our customers, the profits come almost automatically.

If you want to earn a lot of money, then find ways to add a lot of value.

Now, if you have a really flawed business model, you can provide good value and still not make a profit. You have to be smart about it.

And there have been times when I was so focused on my passion, my dream and my cause that I didn’t pay enough attention to generating sufficient profit to maintain the engine of business. There has to be a balance.

In these difficult financial times, it’s easy to lose focus and concentrate too much on financial performance. As we strive to survive, we can lose sight of providing the real value that brings in the business.

As customers become more careful in their buying decisions, it’s more important than ever for us to give them enough value for them to see it being greater than their seemingly limited finances.

I’ve seen way too many business owners blame their customers for not patronizing them like they have before. There’s almost a sense of entitlement.

It’s like the Scott Trade commercial about the stockbroker losing clients to the discount brokerage house. He has an expectation that they should continue to do business with him regardless of the changes in the market or his competition. Instead of looking for ways to add value to his services, he thinks business should simply be like it was.

No one owes you their business. You have to earn it every day.

You have to be aware. You have to innovate. You have to serve. Because they get to vote—and they vote with their feet.

And that’s why I think service and value is the purpose of business.

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Most people hate paying their bills. And they’re often in a foul mood when they have to sit down and write checks or make payments online.

I have a different view.

When I pay our bills, I’m thinking that I’m paying for value received. My electric bill may be higher than I would like it to be, but I’m grateful for the light, the air conditioning and all the other things those kWhs do for us.

The lawn service, our water bill, hosting services and all the rest are things we have CHOSEN. So why should I have any resentment when paying for them?

In addition, I spent a good part of my life not having enough money to pay all the bills when they came due. Now that I can pay bills on time, I am certainly grateful and appreciative of having the means to do so.

Once again, our attitude toward what we do is even more important than how we do them.

Next time you pay an invoice, think about the value you have received instead of being resentful for having to pay it. Be grateful for the exchange–and for being able to afford it.

If you don’t feel you are getting the value you think you should, then change or discontinue the service. But if you did receive the service, paying for it should be a natural and enjoyable part of the equation.

When you simply don’t have enough income to pay your expenses, there are ways to solve that problem. And being resentful about the bills is not one of them.

If you want to make more money, provide more value. If you want to make a LOT of money, then figure out a way to create a LOT of value.

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