A for-profit organization is a business entity that operates with the primary goal of earning profit for its owners or shareholders. These organizations provide goods or services to consumers and aim to generate more revenue than expenses, resulting in financial gain. The profits earned can be distributed to the owners or reinvested back into the business for growth and development. A [[company]] is an example of a for-profit organization. While for-profit organizations focus on generating profit for their owners or shareholders, not-for-profit organizations, also known as [[nonprofit organization]], aim to serve a public or community benefit rather than prioritizing financial gain.