2 paths!

This week's has, as usually, very busy. I had to work long hours. I am happy I can see my business growing and I am happy I can apply all the knowledge I am receiving as a BYUI student in my own business. 

I am at a point were I need to hire people. I see 2 paths in front of me:

1) I don't hire anyone, take all of the teaching hours and fit it into my agenda, making my profits go up, but the opportunity cost would be that I wouldn't have planning time or just regular  "office hour" time. I also woudn't have as much time to study and to spend with my family. 

2)I hire someone to take some of my classes and I see my accounting profit to go down in the short term, as my ATV increase considerably and the amount of hours sold not so much. Still, I would increase my capacity and be able to sell more tutoring hours than what I am able to sell now. I see this as an investment: Hard at first as I incur in a profit loss, but with a good future as my capacity will be increased, my office time, personal time and study time would also increase. In the long run, it would generate an economic profit. 

I really want to take the second path, and I am trying to stop and ponder about all of this.

*I also enjoyed your business 12 rules. I share many of them and I am interested in reading the book mentioned about money. By the way, when I read the Ministry of Business, the idea of organizing our finances having the gold account stuck to my mind and I researched some more about it. It wasn't until last week's Entrepreneur's hero video that I finally was able to understand HOW to put it into practice with the different accounts. I am happy to report that I made my first (and modest) financial investment this last week at the bank. I feel very happy I was able to apply this into my life. I look forward to apply that system with the different accounts into my life. It was the best idea I have seen so far... but now I am intrigued by this other book ;)

About the article, What's a business for:

As I read the material of the week, I enjoyed the HBR article.

• Based on what you read in the first two pages (pages 3 and 4), why are virtue and integrity so vital to an economy?
  
  With so many companies lying about their statements, it is hard to see the real position of economy. Int he article, we read that "John May, a stock analyst for a U.S. investor service, pointed out that the pro forma earnings announcements by the top 100 NASDAQ companies in the first nine months of 2001 overstated actual audited profits by $100 billion. Even the audited accounts, it now seems, often made things appear better than they really were." (emphases added)

• According to Charles Handy, what is the “real justification” for the existence of businesses?
  
  "The purpose of a business, in other words, is not to make a profit, full stop. It is to make a profit so that the business can do something more or better. That “something”becomes the real justification for the business.
  
  
• What are two solutions proposed by Handy that you agree with? Why?
  
   I agree with many of the suggestions, but I also disagree with some others. I see hiring someone as a business deal: I am buying that person's talents used in that set and agreed amount of time. I think the entrepreneur has to be in control of the company he loves, and created. but I am in complete agreement with the fact that we need to help employees grow, be able to express their opinions and be partakers of the company's growth (maybe with bonuses, not necessarily dividends) because they would be able to feel the result of their job, be happier and more productive. I also agree that the power of shareholders should be limited since they are focusing on earning money and not in the beliefs of the company.