The Group Name's Philosophy

Hello everyone. Welcome to the “Profit Makers” blog. We are a group of economic students of Universitas Atma Jaya Yogyakarta (UAJY), and we created this blog for Mr. Alex’s Financial Management class (KEU230 / FINANCE 230) during the first semester of the 2011/12 academic year. We hope that readers of this blog would be able to learn something about Financial Management because we, as the writers of this blog, are sure that we would be learning in the process. We know that we are far from perfect and we are open to any discussion that relates to our blog. Thank you.

What does “Profit Makers” mean?

 First of all, we need to understand the two terms that we are using in this phrase:

• Profit. Of course, as we learned before in microeconomics, we concluded that a company should not only achieve accounting profit (revenues>costs) but also economic profit. This kind of profit is our main concern. Economic profit is about the difference between total costs, including opportunity costs gave up to produce total revenues.
• Makers. As economic students, we do not want to talk about economic profit only, but also involved in producing it. That’s why we have set our mind to be the ‘makers.'

Why do we call ourselves “Profit Makers”?

In our opinion, everyone in the world love money. However, everyone hates costs. It would be great if we live in a world where everything is free of costs. Yet, where there is money there are always costs. Don’t you agree? How about profits? Does everyone love profits? It would be a very difficult challenge to find someone who hates profits. However, making profit is not a really easy thing to do. In most situations, making profit is essential and very challenging. We believe that people who are able to make profits in their organization are successful people who are able to overcome many challenges that are becoming unpredictable.

Ironically, we are still a group of economic students. We haven’t been profit makers yet but in this process, we want to set up our minds to give the best value in every chance we are doing. We don’t want to speak nonsense about this but we really want to learn how to be profitable, since we have to exchange many factors (more than financial things) including money and opportunities to get the biggest economic profit.

Hopefully, when we pass this introductory class, we will be able to have broader perspective to achieve not only accounting but also economic profit.