Page 16 - Dainfern Precinct Living Issue 4 May 2024

BUSINESS I S YOUR CAREER MAKING A PROFIT?

IS YOUR CAREER MAKING A

PROFIT?

AT SOME POINT IN YOUR WORKING LIFE, IT MAKES SENSE TO
ASK THE QUESTION: IS MY CAREER MAKING A PROFIT?

B Y BRIONY LIBER

egardless of whether breadth and depth of our competency
a businessis being • Operating profit reflects what and agility in the workplace, and the
run as a ‘side-hustle’ remains after deducting operating opportunity to travel to interesting
Ror as an international expenses from gross profit. projects or conferences.
corporation,companies at the end of
the daywant a profitable bottom line. • Net profit is what is left over after Some of us invest a lot more time and
Whetherthat profit is purely financial, paying all expenses, including taxes mental energy into our work than
or measured in terms of quadruple and interest. we arepaid for, which is ok when
criteria, i.e. people, planet, profit and benefits comein non-financial ways
spiritual/cultural, the bottom line What are your career equivalents of such as development opportunities
reflects what is left after all costs have gross profit, operating profit and net that increase our future career value,
been accounted for. profit? relationships that expand our network
and the development of our personal
So, in your career, if you manage it like THE GROSS PROFIT OF board of directors, and the chance to
a business, are you measuring what is develop and refine our strengths. But
left after all costs have been accounted YOU PTY LTD when the direct costs of your career
for? From my perspective, gross profit is the (your time, your mental energy, your
career equivalent of salary (including physical availability for other aspects
Analysts look at three types of profit: bonuses, perks etc) minus the cost of of your life) outweigh your career's
gross profit, operating profit and your time investment in work. financial and growth potential, then
net profit. Each type provides more perhaps your career's gross profit
information about a company's Each of us gets paid to do a job – in needs thorough attention.
performance and gives insights the form of a salary, bonuses, perks,
into where management attention as well as in a number of other THE OPERATING PROFIT
needs to be focused. indirect benefits. These could include
work that stretches our boundaries OF YOU PTY LTD
• Gross profit reflects sales minus the and increases our learning edge, The operating expenses of a company
cost of goods sold. experiences that enrich the overall are items like training costs, hardware

16 DPL issue 1 2024
14 DPL issue 4 2024