213 There Is No Mission Without Margin
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213 There Is No Mission Without Margin
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In this conversation, Sten Morgan and Duane Murray explore the critical relationship between mission and margin in business. They discuss how entrepreneurs can balance their desire to give back with the need for financial sustainability. Duane shares his journey from healthcare to coaching business leaders, emphasizing the importance of purpose and passion in driving success. The discussion highlights the challenges entrepreneurs face in maintaining focus on their mission while achieving financial goals, and the necessity of creating margin to fuel their mission-driven efforts.
Takeaways
There's no mission without margin.
A healthy business is essential for fulfilling a mission.
Purpose drives engagement and retention in organizations.
Margin is the fuel for mission-driven work.
Entrepreneurs often suppress their passion during the grind.
Finding a balance between profit and purpose is crucial.
Awakening to purpose can transform business practices.
Giving back should start now, not when income is high.
Passion often stems from personal experiences and injustices.
Creating time for mission-driven work is essential.
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