The philosophy that profit is a good indicator of the success of a business is flawed, according to Joseph Merz, who says businesses could end up losing out if their main focus is money.
Joseph Merz has spent more time in business than most 30 -year-olds and says while it may seem counter-intuitive, he believes one of the secrets to his success is his view that “profit for the sake of profit is a flawed business premise.”
Merz, the founder and CEO of Sterning Group, started his first company when he was 16 and was lucky enough to make a lot of money which, as young men sometimes do, he managed to blow having a lot of fun.
“When it was time to grow up, my brother suggested I give recruitment a try,” Merz says. “I did and hated it. I