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Capitalism may not be perfect, but it is the greatest system of social cooperation created thus far. The researchers suggest that in this case, asking shareholders for their opinions would have no downsides: if shareholders only care about profits, they will strike down any proposal that would reduce profits for a social objective. The old way of thinking about business presupposes the point of business is to make profits. This process of exploration can help you discover hidden talents or interests you never knew you had. Business is a deeply human institution, but its purpose is not to make as much money as possible. If you think that too many executives just concentrate on profits and money, then start a business that focuses on a purpose more than profits and relies on the passion of its employees. In fact, in addition to helping us earn a living, profit may be the best way to do good in the world. Seek feedback: Sometimes, others can see our strengths and interests more clearly than we can. Network and collaborate Networking and collaboration can open up new opportunities to monetize your passion. Here's to turning your passion into your paycheck! For example, if you've always enjoyed organizing events and bringing people together, your passion might lie in community building or event planning. Which is why you should aim to be wealthy rather than rich. A VC explains the difference between wanting to be rich and wanting to be wealthy, and why you should aim for the latter. Key Takeaways. Pursuing your passion is a viable path to financial success. Entrepreneur Choosing Between Making Money and Doing What You Love
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