Is this a taboo subject? Is it wrong to be wealthy? Is a business purely profit based or can it add to society in other ways as well?

For too long I was ignorant of wealth and all that it conjures up. I also got success mixed up with it and before long found myself secretly wanting it yet outwardly hiding my ignorance.

In a discussion with a mentor I value highly, I was told briefly to remember that you can do more with money than you can without it. Fair comment I thought and from that day on my perspective was altered.

For some wealth is an elusive thing, one step forward, two steps back. Things can feel like they are never going to get ahead. Others find it works better as a passive device having small investments develop into bigger ones.

Another viewpoint.
In the book Rich Dad Poor Dad by Robert Kiyosaki, he points out some of the differences between the mind sets of those that have money work for them and those that just seem to spend. He then gives an interesting account of how people view assets, either as devices that give a return on investment or as items that a person or business owns.

Finding out more.
In this day and age there are numerous options for finding out how you can develop wealth. For some the effort can not be justified, yet for others they discover that they have just been marking time to this point.

Whatever you decide, take some of these points into consideration.
How much money will you need to retire? How much will you actually have? If there is a big difference between the two what can you do about it?

In business there are many organisations that when the owner retires, the business folds and all is forgotten, then there are those that create an asset that can be passed on to others to reap their own rewards. In time will your business be an asset or a thing you fold up and forget?

Business, what for?
Perhaps you can begin to consider why you got into business in the first place? And for what reason/s. Was it to be your own boss? To be responsible for your own actions? Or to perhaps enjoy the benefits of providing society with the opportunities to employ others? I wonder. Was it to make a profit, or to provide a service or product to others.

Hopefully it was both. These we call the purpose and function of a business, if it does not provide either, you will not be in business for long. Without customers we are lost, with them we can prosper and look forward to a strong future in business.

Wealth is an interesting subject, there are those that brag of it, those that wish they had it, and those who quietly get on with developing more of it.

Wealth can benefit many or a few. In business I would like the think that many business people are still in the business of considering the welfare of others they employ, despite the scourge of downsizing that we have seen in the past few years.

Imagine if an organisation that spends Millions on getting rid of people were to create a brand new section of their business, put together a hand selected team of individuals and set them to work creating a fresh growth area for the business. This is surely far healthier than getting rid of valuable staff.

So wealth can be many things to many people, what is it to you?

Stumble it!