Why Are We In Business? 4


Why are we in business?

For any of our regular readers or those actively involved with IOIHAN, you know the end of quarter analysis can take any number of forms.  It appears this quarter is one of a more internal nature.

Why are we in business and I suppose more importantly, why am I in this business?   This analysis is always a great exercise and was beneficial for me in the past even as an employee.

At first glance, it would be to make money and pay bills.  I can’t argue that is certainly on the list. But it’s not towards the top and I can say, not even a serious motivator.   Countless folks just go through the motions of day to day jobs only to realize at the end of 10 or 20 years that what they did didn’t matter.   I have a sign I created facing me every day; “Do something that MATTERS!”

I invite you to take a look at your motivation for what you do – it’s eye opening and liberating, if not a bit scary.  Are you ready to hear your own honest truth?

I am very blessed to have chosen my field decades ago when presented with several crossroads.  My roots have kept me in the Point-Of-Sale (POS) industry and specifically Hospitality. While I have interests in retail, manufacturing, and a host of others, hospitality has seriously captured my passion.

Sometimes analysis sucks — sometimes it reveals — sometimes it tells a different story than we expect.  Listening is a key element in hearing.   I have to remind myself of this.

Here are a few of my reasons.  I took some time, compiled my list, and ranked them in the order important to me: (it’s quite an interesting exercise and I invite you to do your own)

  • I just love this industry
  • I want to make a difference, not just a paycheck
  • I want to create cool stuff
  • I love to learn new stuff
  • I think it’s fun to engage against the competition and win
  • I like a challenge
  • I like being at the helm

I am reminded that there are always things that could be better, circumstances that could be better, conditions that could be more ideal,  more time, more money and a host of other factors that could be more in my favor.  I am also reminded that the entire globe has limitations imposed on them; perhaps not in the same proportions but restrictions and limitations; it’s the manipulation of these limitations and the activation of the available resources,  that make products, companies, and people great.  It’s how we shape and form the resources within our reach, not what we hope for, that provide the foundations for our success.

And as Paul Harvey says, now you have the rest of the story — this is the ultimate conclusion of this quarters’ analysis. A strengthening of my inner resolve and a refocus on the competitive landscape, securing the foundation of IOIHAN for the next decade and for how Wolf Scott will contribute his energy.  Well, at least until the next quarter. 🙂

Happy Computing!!

Written by Wolf Scott, Founding Fellow at IOIHAN.

Visit us online @ www.ioihan.com

Leave a comment

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.

4 thoughts on “Why Are We In Business?

  • P. Watkins

    I haven’t considered myself very business minded and prefer to just do my job. I should also consider this in my job even if I don’t run a business. I’m not quite sure how to move forward with this but it is something I’ve been thinking about a while if not quite in these terms. You have given me some interesting thoughts. Thanks.


    • \\//\\//olf Post author

      I would very much consider yourself business minded if you are taking the time to read blog posts and other reading as we know it moves our career forward. But more importantly, as you have also discovered, it gives us greater satisfaction knowing we are improving ourselves and ultimately we win in that exchange.

      Thanks for reading and commenting.


  • Sam P.

    Good post. I also like to keep the competition wondering what I am up too and set the standard. My boss keeps watching the competition and we have a lot of meetings about what they are doing, which drives me nuts. I like being out in front and don’t really care about them. I think I am odd like that or about to be fired, but I am tired about worrying about that..

    thanks, Wolf!


    • \\//\\//olf Post author

      I too find it interesting how many companies spend too much time focusing on the competition and the customer is seemingly ignored in the process.

      Thanks for your comment!