Profit Vs Benefit
Updated: Feb 2
1)Profit products are focused on benefiting the entrepreneur, or personal benefit compared to
benefit products which are to further a social cause and provide a public benefit
raise money from private investors, for which it must give equity or dividends to shareholders; ultimately, a return on investment is expected.
Meant to sell for luxury such as the latest iPhone
sell for pocket money
Long term wealth
seek donations from individuals, foundations and corporations. Such stakeholders generally expect a “social return” on capital.
Meant to help other such as medical devices
sell the product at a margin
“profits” would be reinvested back into the company to fulfill longer term goal