- Rallying the Team
- Personal Success
- Thoughts on Innovation
- Overcoming Challenges
- Conquering Fear
- Dealing with Failure
- Ins and Outs of Entrepreneurship
Ins and Outs of Entrepreneurship
The power of compound interest is the 8th wonder of the world.
If I’m the smartest guy in the room, I’m in the wrong room.
Nothing is easy. If you want to do nothing, that’s easy.
It’s so much easier to do something new than to do something well.
At the opening of the Hoover Dam, a beaver told a rabbit: ‘Well, I didn’t build it. But it’s based on my idea.
An investment in knowledge pays the best interest.
Your most unhappy customers are your greatest source of learning.
It’s not a good strategy until it costs you something to pursue.
I don’t try to reinvent the wheel. I just try to change the spokes.
I just invent, then wait until man comes around to needing what I’ve invented.
To understand a company, spend time with its customers.
Be careful – a little success can create a whole lot of overhead.
Make sure that the best thing to happen to your customer today is you.
Remember that a person’s name is to that person the sweetest and most important sound in any language.
Make no little plans.
Being early and being wrong are sometimes not that different.
Good enough never is.
An entrepreneur is someone who shoots an arrow and then runs to move the target, so the arrow hits it.
Innovation is seeing what everybody has seen and thinking what nobody has thought.
Much good work is lost for the lack of a little more.
The man who makes no mistakes does not usually make anything.
You can’t really run the company by pissing off the scientists who do the work.
Success consists of going from failure to failure without loss of enthusiasm.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
It’s not necessary to do extraordinary things to get extraordinary results.
Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.
You’ll see it when you believe it.
The pessimist complains about the wind; the optimist expects it to change; the entrepreneur adjusts the sails.
If this is a blessing, it is certainly very well disguised.
Strategy – is figuring out what is the most important thing for your company and deciding to focus on it and say no to everything else.
There’s only one boss: the customer. He can fire everybody from the chairman on down simply by spending his money elsewhere.
Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves it’s amazing what they can accomplish.
If you don’t listen to your customers, someone else will.
Customers don’t want 1/4 drills, they want 1/4 holes.
With Early Stage companies, it’s never one thing. It’s always one thing after another.
If you have an important point to make, don’t try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time – a tremendous whack.
Be ready to revise any system, scrap any method, and abandon any theory, if the success of the job requires it.
To do a common thing, uncommonly well, brings success.
Choice is the enemy of decision.
Learn from the mistakes of others. You can never live long enough to make them all yourself.
If you can’t explain it simply, you don’t understand it well enough.
More startups die of indigestion than starvation.
I believe that smart people working hard will eventually get lucky.
If you have no idea how something is supposed to be done, I guarantee you’ll be disruptive. Let what you don’t know become your greatest asset.
One can learn to cook, but a restaurateur is born.
Partners don’t pay each other, they help each other get paid.
Entrepreneurship exists in the tiny space between madness and genius; and, its journey requires a few cross border violations across both madness and genius to get to the final destination.
I’m sure that you’re trying to challenge yourself to invent something new. That’s impossible.
A crisis is a terrible thing to waste.
On ne règne sur les âmes que par le calme. (One leads by calm.)
We’re not trying to entertain the critics… I’ll take my chances with the public.
In economics, things take longer to happen than you think they will, and then happen faster than you thought they could.
You can’t innovate once.
To improve is to change; to be perfect is to change often.
Having money is no reason to spend it.
I’ve made a lot of mistakes. I don’t have a lot of regrets.
Two are better than one, because they have a good return for their labor: If either of them falls down, one can help the other up. But pity anyone who falls and has no one to help them up.
Dad always used to say, ‘Tell me a fact, and I’ll learn. Tell me a truth, and I’ll believe. But tell me a story, and it will live in my heart forever.’
Feed the strong, starve the weak. Lead with your strength and avoid protecting the weak – weak brands, weak products and weak people. Know your strengths and lead with them.
I don’t know what the price is, but the price knows what the price is.
Deliberately obsolete your product. Do this by raising expectations for the category and ‘reinventing’ your brand in the eyes of the consumer. Nothing puts more pressure on a competitor.
Many things are improbable, only a few are impossible.
To be persuasive, we must be believable. To be believable, we must be credible. To be credible, we must be truthful.
I see the light when I feel the heat.
There are only two problems in business: 1. Not enough orders. 2. Not enough capacity to ship the orders.
95% of Initial Coin Offerings give the rest a bad name.
Great advertising can make food taste better, can make your car run smoother.
When the rate of change outside exceeds the rate of change inside, the end is in sight.
The meek shall inherit the earth – but not its mineral rights.
Profit gives us resources.