Quotes on Business
I have always recognized that the object of business is to make money in an honorable manner. I have endeavored to remember that the object of life is to do good.
Peter Cooper
We get paid for bringing value to the marketplace. It takes time to bring value to the marketplace, but we get paid for the value, not the time.
Jim Rohn
If you make a sale, you can make a living. If you make an investment of time and good service in a customer, you can make a fortune.
Jim Rohn
If you’re not a risk taker, you should get the hell out of business.
Ray Kroc
Kids ought to have two bicycles: one to ride and one to rent.
Jim Rohn
The trouble in corporate America is that too many people with too much power live in a box (their home), then travel the same road every day to another box (their office).
Faith Popcorn
A friendship founded on business is a good deal better than a business founded on friendship.
John Rockefeller
The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed.
Henry Ford
The ascending spiral of greatness in America has risen because industry has produced wealth, which in turn has supported educational institutions, which in turn have supplied leadership to industry in order that with each succeeding generation it might produce more wealth.
Wallace Bennett
The government can supply no substitute for enterprise.
Calvin Coolidge
Never fear the want of business. A man who qualifies himself well for his calling never fails of employment.
Thomas Jefferson
There are only four ways to create value (in a digital economy): information, entertainment, convenience, and savings.
Jay Walker
There's no great mystery to satisfying your customers. Build them a quality product and treat them with respect. It's that simple.
Lee Iacocca
The purpose of a business is to create and keep a customer. If a business does this in sufficient quantity and with proper cost controls, it will make a profit. The profit is the result of creating and keeping customers efficiently.
Brian Tracy
In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.
John Bogle
Your most unhappy customers are your greatest source of learning.
Bill Gates
Organizations that refuse to accept poor performance at any level and that take the time to deal with every slip in service do well regardless of economic conditions. They thrive in spite of it all just because they expect, demand, and deliver excellence at every level.
Larry Winget
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Businesses get better only when the people in the business get better.
Larry Winget
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Don't be different. Different scares people. People won't spend their money on different. They will, however, pay a premium for unique.
Larry Winget
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Branding is nothing but knowing who you are and what you do that makes you stand out from everyone else, then communicating that through your marketing efforts. Branding is discovering your uniqueness and learning to exploit it.
Larry Winget
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I was convinced that in order to be successful I should do what everyone else was doing, but just be better at doing it. That is a clear formula for disaster in both my business and your business.
Larry Winget
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Any company that requires constant supervision is not a well-trained, well-managed, well-led company.
Larry Winget
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It's better to spend money on a really good attorney than a really bad employee. You're better off fighting them on the outside of your company than from inside your company.
Larry Winget
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There is only one boss. The customer. And he can fire everybody in the company from the chairman on down simply by spending his money somewhere else.
Sam Walton
The best advertising in the whole world is a satisfied customer with a big mouth.
Larry Winget
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Selling the customer is serving the customer. When you have a product that helps customers, you owe it to customers to sell it to them. To not offer customers something that can genuinely serve them well is a lack of good service.
Larry Winget
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Prove you are smarter than everyone by hiring people who are smarter than you.
Larry Winget
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The customers have the money. Give them what they want, and they will share it with you.
Larry Winget
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When a management team with a reputation for brilliance joins a business with poor fundamental economics, it is the reputation of the business that remains intact.
Warren Buffett
I am a better investor because I am a businessman and a better businessman because I am an investor.
Warren Buffett
In business, competition is never as healthy as total domination.
Peter Lynch
Most businesses are not about coming up with a brand-new, fantastic, never-tried-before, first-time-ever-on-the-planet idea. Most businesses are about a solid business model that delivers good quality and value to a consumer, who you can identify, and do it over and over again.
Seth Godin
Profit is a payment to entrepreneurs just as wages are payments to labor, interest to capital, and rent to land. In order to earn profits in free markets, entrepreneurs must identify and satisfy human wants in a way that economizes on society's scarce resources.
Walter E. Williams
An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive business advantage.
Jack Welch
I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
Alan Greenspan
Whenever you see a successful business, someone once made a courageous decision.
Peter Drucker
It is a socialist idea that making profits is a vice; I consider the real vice is making losses.
Sir Winston Churchill
People are definitely a company’s greatest asset. It doesn't make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps.
Mary Kay Ash
Everything that you ever learned of value in the profession of selling, regarding your product or service, or personality, is only helpful to the degree to which it contributes to the building of high quality relationships with customers.
Brian Tracy
Train up a fig tree in the way it should go, and when you are old sit under the shade of it.
Charles Dickens
Always treat your employees exactly as you want them to treat your best customers.
Stephen Covey
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The primary test of managerial economic performance is the achievement of a high earnings rate on equity capital employed (without undue leverage, accounting gimmickry, etc.) and not the achievement of consistent gains in earnings per share.
Warren Buffett
We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own the assets.
Warren Buffett
Do not let anyone else run your business, unless (1) you can supervise his performance with adequate care and comprehension or (2) you have unusually strong reasons for placing implicit confidence in his integrity and ability. For the investor this rule should determine the conditions under which he will permit someone else to decide what is done with his money.
Benjamin Graham
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Operations for profit should be based not on optimism but on arithmetic.
Benjamin Graham
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Creating demand is hard. Filling demand is easier. Don't create a product, then seek someone to sell it to. Find a market - define your customers - then find or develop a product for them.
Timothy Ferriss
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If you cannot be the best in the world at your core business, then your core business absolutely cannot form the basis of a great company.
Jim Collins
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The purpose of a compensation system should not be to get the right behaviors from the wrong people, but to get the right people on the bus in the first place, and to keep them there.
Jim Collins
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The ultimate throttle on growth for any great company is not markets, or technology, or competition, or products. It is one thing above all others: the ability to get and keep enough of the right people.
Jim Collins
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The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.
Warren Buffett
I have nothing but respect and admiration for honest businessmen. Their contributions to our [American] society are indispensable and almost completely unsung. The entrepreneur who risks everything he has in order to realize a dream - and improve our lives in the process - is engaged in a worthy and honorable pursuit that earns him precious little respect in our society.
Ron Paul
This is the source.
Whenever I read about some company undertaking a cost-cutting program, I know it's not a company that really knows what costs are all about. Spurts don't work in this area. The really good manager does not wake up in the morning and say, "This is the day I'm going to cut costs," any more than he wakes up and decides to practice breathing.
Warren Buffett
I like a business that, when it's not managed at all, still makes a lot of money. That's my kind of business.
Warren Buffett
Over the very long term, history shows that the chances of any business surviving in a manner agreeable to a company's owners are slim at best.
Charlie Munger
Watch people who have money to spend, see what they're wasting their time on, cook up a solution, and try selling it to them.
Trevor Blackwell
There's nothing more valuable than an unmet need that is just becoming fixable. If you find something broken that you can fix for a lot of people, you've found a gold mine. As with an actual gold mine, you still have to work hard to get the gold out of it. But at least you know where the seam is, and that's the hard part.
Paul Graham
Ff you want to know one question to ask in terms of determining whether somebody's got a good business or not, just ask them whether they can raise prices tomorrow.
Warren Buffett
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