Business Quote by Ido Leffler
““For me, for a business to be good, it needed to do two things: improve people’s lives in an immediate way—be a great product—and be successful enough to support a meaningful giving-back program.””
About This Quote
Source Interview: Business Philosophy, Ido Leffler, 2020
A successful business must both improve lives immediately with a strong product and generate enough profit to fund meaningful charitable efforts.
In simple terms: Good businesses help people now and give back later.
Key Takeaway
Build impactful products and sustainable profit for philanthropy.
Themes
social impact
profitability
philanthropy
Mood
inspirational
pragmatic
Type
statement
vision.
When to use this quote
- startup launches
- product development
- CSR programs
- investment decisions
Key Concepts
triple bottom line
corporate responsibility
Questions to Reflect On
- How can you ensure product quality while planning philanthropy?
- What metrics balance profit and social impact?
A Different Perspective
Profit focus can conflict with altruistic goals.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)