The most successful business owners I know are focused on building great companies and/or fulfilling an important mission instead of just making money. Financial success should be the end result not the driving force. This becomes especially apparent after the business experiences some level of economic success. Instead of becoming greedy and short term focused these leaders often double down and invest surplus resources in continuing to grow the business and its people. They genuinely appreciate the importance and responsibility of having a positive impact on others and adding real value to their marketplace.
Being smart with your money is an admirable quality, but being cheap or greedy is not. When you are fortunate enough to achieve some level of success make sure you spread the wealth. Remember the people who helped get you here because no one is ever successful alone.
It’s amazing how many people can’t do basic math when it comes to their business or their lives. Revenues minus expenses equals profit. Profit only becomes cash once it is collected.