Tuesday, July 05, 2005

Your Personal Independence Day

Independence Day means so many things to different people. I spent yesterday in the green mountains of Vermont, reading by a river, thinking, "This is the life." I felt happy, successful, and free.

Knowing me, you know my mind started to wander. Is this what comes from having a profitable business? Yes, I think so.

Your mediation practice is not simply a business. It's a vehicle that enables you to do many things that are important to you. So, here's my secret to building a profitable ADR practice. Defining profit is half way to being profitable.

First, let's look at the financial definition of profit. Here are some definitions I found on the Web.

  • The basic incentive for operating a business in capitalism; it consists of the amount of money left over after all costs are paid.
    www.economicadventure.org/teachers/glossary_lowell.cfm


  • One of the commonly encountered instance of Profit is the value that is left over from any ongoing enterprise or business or business operations after costs are accounted for. In accounting, this is usually measured in monetary terms. In economics, profit is most often measured differently, since costs include opportunity costs. In economics profit after the opportunity costs is often termed as the Economic Value Added or EVA.
    en.wikipedia.org/wiki/Profit



  • What is left over for the owners of a business after all expenses have been deducted from the revenues of a firm. Gross profit is the profit before corporate income taxes. Net profit is the final profit of the firm after taxes have been paid.
    www.geoshares.com/glossary.htm


Pretty dry stuff, huh. So, let's look again from a different perspective. Here are a few broader definitions of profit.

  • derive a benefit from; "She profited from his vast experience"


  • the advantageous quality of being beneficial


Now, things get exciting. There's a greater range of options for success and profit. Ask yourself what profitable means to you in terms of non-financial benefits. If you achieve those goals, you'll be profitable.

For example, my ADR practice enables me to help other people live more satisfying lives. It also offers me the opportunities to learn something new everyday. More often than not I meet interesting people who have lives and professions that are different than my own. And, my practice allows me to travel near and far. It's a profitable business to me for all those reason (and I make money, too).

Let me hear from you....how do you define profitable??

Ciao, Dina

9 Comments:

At 8:54 AM, Blogger Rich Molumby said...

I have a Turnkey Royalty Free site/blog. It pretty much covers making money on the web.

Come and check it out if you get time :-)

 
At 1:08 AM, Blogger Turnkey Builder said...

Get your turnkey websites for only $24.99 at
britney site spear web
britney site spear webbritney site spear webbritney site spear webbritney site spear webbritney site spear webbritney site spear webbritney site spear webbritney site spear webbritney site spear webbritney site spear webbritney site spear web

 
At 8:05 AM, Anonymous Anonymous said...

I discuss this topic daily myself. I also have a website that talks about work from home home based business opportunity related things. Go check it out if you get a chance.

 
At 6:22 PM, Blogger Sports Junky said...

Your post is great and let me say

A favorite pastime of mine is Sports Betting to make a few extra bucks.
My only problems is that I was never good at picking teams or games.
Recently I found a site that is like Sports Betting but I dont lose my money if my pick is bad.

Its a sports stock market, kinda like NASDAQ. which makes a big difference because if I buy shares in a team. I keep the stock whether they win or lose, but as a bonus I get paid divdends if they win.
So I can make money with dividends and also from selling high and buying low.

I buy shares in NFL, NASCAR, NCAAB, MLB, Golf, Tennis ect....
They just released Some Great IPOS's this week!

Heres a link http://allsportsmarket.com
you can log in and check it out for free..


Keep up the good work on your blog!
-Erik

 
At 10:27 PM, Blogger blaze said...

I very muck enjoyed your turnkey online business site. I also have a great interest in turnkey online business and have set up a site. Please feel free to check it out and let me know what you think

 
At 12:40 PM, Anonymous Anonymous said...

If your post isn't about mediation-
PLEASE DONT COMMENT!

This is NOT your opportunity to graft somebody else's work.

Dina Beach Lynch

 
At 8:17 AM, Blogger ebaypowerseller2006 said...

I enjoyed reading your blog. There is a lot of useful information about ethical seo in it. We offer Turnkey Websites and Reliable Hosting. We also provide a blogging service that will help your site get indexed fast and keep the search engines visiting your site. Click here for more information about ethical seo.
Thank you
TWP Admin

 
At 5:07 AM, Blogger TWPAdmin said...

I enjoyed reading your blog. There is a lot of useful information about window web hosting in it. We offer Turnkey Websites and Reliable Hosting. We also provide a blogging service that will help your site get indexed fast and keep the search engines visiting your site. Click here for more information about window web hosting.
Thank you
TWP Admin

 
At 11:56 AM, Blogger officialloversguide said...

I enjoyed reading your blog. There is a lot of useful information about web hosting domain name registration in it. We offer Turnkey Websites and Reliable Hosting. We also provide a blogging service that will help your site get indexed fast and keep the search engines visiting your site. Click here for more information about web hosting domain name registration.
Thank you
TWP Admin

 

Post a Comment

<< Home