According to Business Insider what makes Facebook different from other big tech companies like Google or HP is Mark Zuckerberg’s passion for his mission rather than a passion for profits.
As Mark reportedly said to the Huffington Post ”I think the biggest difference between Facebook and other companies is how focused we are on our mission . . . Different companies care about different things. There are companies that just really care about having the biggest market cap. Or there are companies that are really into process or the way they do things. Hewlett Packard, right? The thing that you always hear about them is ‘the HP Way.’ . . . Google, I think, is very tied to their culture — they really love that. For us, it is the mission: building a company that makes the world more open and connected. The articulation of that has, I think, changed over time. But that’s really been, like, the belief the whole time.”
It’s a lesson we would all do well to emulate. Most business people are too busy chasing the buck to consider what their business is actually really all about.
One of the most oft ignored rules of thumb in business is that “income follows assets” Whether tangible bricks and mortar or your companies Intellectual Property, the greater your asset the greater your potential for income. The mere act of considering and consolidating your IP will significantly improve your potential for income and if you spend time building that IP your income is likely to benefit enormously. This is exactly what Facebook have been doing the past 8 years and at 28 Mark Zuckerberg is just about set to firmly establish himself as the world’s second youngest* billionaire with the Facebook IPO taking place this Friday.
So perhaps we should be adding a further twist to the maxim turnover’s vanity and profit is sanity which is simply this…
Max on the mission!
Everything else will just fall in line, believe me.
*Second youngest to his ex college roommate and Facebook’s third employee Dustin Moskovitz