• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Startup Hero

The Official Blog Of Name Hero

Learn To Fly Above The Competition Get Started
  • HomeWelcome
  • CoursesVideo Training Center
  • About UsWhat is StartupHero?
  • BlogGet the latest
  • Start HereStartup 101
  • SpeakingPodcast & Media
  • ResourcesTools to help You
    • Reselling WordPress Hosting
    • Resell Hero
    • How To Start A Blog
  • NameHeroCloud Web Hosting

Greed Can Be The Death Of You AND Your Business

By Ryan Gray on September 28, 2011 0

Greed Can Be The Death Of You AND Your Business
Share
Tweet
Share
Reddit
Email
0 Shares

AMERICAN GREED: logo CNBC © 2008 NBC Universal, Inc.
AMERICAN GREED: logoCNBC
© 2008 NBC Universal, Inc.

Since 1998 I’ve been blessed to make a very “comfortable” living (to say the least) working on the Internet.  I’ve never had to work a “real job” and don’t even know what a time clock looks like (much less do I care).  However I’ve never entered ANY business with money as the motivate.  I do what I do because I LOVE it and the day it becomes “work”, regardless of how much money I’m making, I’ll quit.  I’m motivated by success and not money.   Defined as one of the Cardinal Sins, greed can be a very bad thing and along with envy, in this industry, can also cause the demise of you and your business.

I graduated college in 2007 with a degree in Business Administration and minors in Communication and Advertising.  While doing my senior-year studies I began to analyze small, medium, and large corporations including both retail powerhouses and small local businesses.    One of the biggest thing I personally began to notice was that the companies that participated in profit-sharing with employees flourished while those that retained the large profits for themselves and their executives began to suffer.

What exactly is profit sharing?  Let’s say your business specializes in local Internet Marketing doing lead generation for doctors, lawyers, dentist, and others.  Your profit in a particular quarter exceeds expectations (very common in Quarter 4 with the holiday shopping season)…  While the executives do deserve a bonus (the CEO, COO, CFO, President, VP, etc.) employees should also receive a certain percentage based on performance.  ANY company that employees people and exceeds expectations has their entire “team” to thank rather than just the guys at the top.   I honestly think you have to beat some executives in the head with a sledgehammer before they understand this (and sometimes they still don’t get it).  Company morale has A LOT to do with the success of a corporation as if your employees are not happy; their productivity, motivation, and overall worth ethic WILL suffer.  Especially in the Affiliate/Internet Marketing industry I see way too many greedy corporations running around skipping out on payments to publishers, clients, and treating employees like shit all for personal gain.

Another big aspect to making high profits is donations.  I personally feel being in the top one percent income bracket in the United States I have a responsibility to give back.  Therefore I contribute ten percent of what I make each and every year to charities.  Sure, I cannot stand laziness or deadbeats, however there are some cases out there where people cannot help the situation they’re in.  I conduct very careful research before donating but there are a number of different charities out there that are definitly worth giving to.

While I do not want this post to come off as a rant, rather something that you can ponder, regardless if you’re an employee or corporate executive.

If you’re a corporate executive answer the following questions:

  • When was the last time you “bonused” your employees?
  • How did it increase their performance?
  • How high is your retention rate when it comes to employ turnover rate?
  • Are you losing good employees regardless of solid profits?

If you’re an employee answer the following questions:

  • When was the last time you were “bonused” or rewarded for your hard work?
  • Does your boss/employer participate in profit-sharing?
  • Do other employees in your company feel like they’re being properly compensated?
  • Are you happy with your career?

I’ll leave the answers to yourself but if you have any doubt with the above questions you may need to re-evaluate the position you’re in.  I teach countless strategies and techniques that can literately create multi-million dollar businesses in a rather short period of time (much due to the scalability of the Internet).  As you begin to have success and expand please keep what I said in mind to ensure you continue moving forward and fight the greed/envy that goes along with making a lot of money.  When the time comes and I pass on, I want to be remembered as someone that helped others and bettered other lives rather than the “rich Internet guy” that had a lot of nice cars.

Related Posts:

When Everything Fails… Give Up! (Why Some Pe...
views 1,407
Breaking Into Affiliate Marketing – $0 To Si...
views 4,039
1 Rule For Immense Productivity
views 1,761
A.D.P. – Adapt, Develop, Progress
views 1,347
Ryan Gray

Ryan Gray is the founder and CEO of NameHero, one of the fastest growing independent web hosts in the United States. Ryan has been working online since 1998 and has over two-decades experience in Internet Entrepreneurship.

Share
Tweet
Share
Reddit
Email
0 Shares

Also Read

One Year Of Gutenberg – I Take It All Back!
Why I Won’t Use Google’s “Site K...
NameHero Ranked Best WordPress Hosting For 2020
Managing The LiteSpeed Cache From cPanel

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Connect With Us!

Superhero Resources

Fix Common Issues

  • How To Setup Free And Automatic SSL Certificates
  • How To Setup Cloudflare With Railgun
  • How To Fix Memory Exhausted Errors In WordPress
  • How To Edit PHP Version/Upload Limit/Add Extensions
  • How To Move/Migrate Your Business To Name Hero

Free Guides

  • How To Setup NameHero Hosting
  • How To Create A Web Hosting Business With WordPress
  • How To Start A WordPress Blog
  • How To Migrate WordPress To A VPS
  • How To Speed Test And Optimize Your WordPress Website
  • Magento 2.X Installation Guide
  • How To Clean Up A WordPress Hack

Training

Recent Posts

  • One Year Of Gutenberg – I Take It All Back!
  • Why I Won’t Use Google’s “Site Kit” for WordPress
  • NameHero Ranked Best WordPress Hosting For 2020
  • Managing The LiteSpeed Cache From cPanel
  • How To Generate An AutoSSL In cPanel With NameHero
  • How To Configure PHP Options In NameHero cPanel

Sharing Is Caring!

Reseller Hosting 101: How To Start Your Own Web Hosting Business (Free Course)Reseller Hosting 101: How To Start Your Own Web Hosting Business (Free Course)378 Total Shares
Website Slow? Here’s How Name Hero Can Help!Website Slow? Here’s How Name Hero Can Help!359 Total Shares
Make Money With Reseller Hosting In 2017Make Money With Reseller Hosting In 201792 Total Shares
5 Easy Ways To Make Money Reselling WordPress Hosting5 Easy Ways To Make Money Reselling WordPress Hosting70 Total Shares
Facebook & Google Teaming Up To Combat Advertiser CloakingFacebook & Google Teaming Up To Combat Advertiser Cloaking48 Total Shares
Subscribe in a reader

Join the Discussion

Tweets by @NameHerocom
  • Web Hosting
  • WordPress Hosting
  • Reseller Hosting
  • VPS Hosting
  • Twitter
  • Facebook
  • LinkedIn
  • YouTube
  • FTC Disclosure
  • Earnings Disclosure
  • Privacy Policy

Copyright © 2019 · Smart Passive Income Pro on Genesis Framework · WordPress · Log in