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Ins and Outs of Entrepreneurship

The power of compound interest is the 8th wonder of the world.
Albert Einstein
Theoretical Physicist: Developed the Theory of Relativity
If I’m the smartest guy in the room, I’m in the wrong room.
Alexander Crowell
Managing Director, PureTerra Ventures
Nothing is easy. If you want to do nothing, that’s easy.
Author Unknown
It’s so much easier to do something new than to do something well.
Author Unknown
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.
Author Unknown
An investment in knowledge pays the best interest.
Benjamin Franklin
American Polymath and one of the Founding Fathers of the U.S.
Your most unhappy customers are your greatest source of learning.
Bill Gates
American Businessman, Microsoft Founder
It’s not a good strategy until it costs you something to pursue.
Bob Goldstein
CEO of Sonen Capital
I don’t try to reinvent the wheel. I just try to change the spokes.
Brian Granger
Associate Professor California Polytechnic
I just invent, then wait until man comes around to needing what I’ve invented.
Buckminster Fuller
American Architect, Systems Theorist, Author, Designer, Investor and Futurist
To understand a company, spend time with its customers.
Charles (Red) Scott
American CEO and Business Coach
Be careful – a little success can create a whole lot of overhead.
Charles (Red) Scott
American CEO and Business Coach
Make sure that the best thing to happen to your customer today is you.
Christopher Chanski
VP Sales & Marketing, Illes Foods
Remember that a person’s name is to that person the sweetest and most important sound in any language.
Dale Carnegie
American Writer and Lecturer
Make no little plans.
Daniel H. Burnham
American Architect and Urban Designer
Being early and being wrong are sometimes not that different.
David ibnAle
Investment Banker
Good enough never is.
Debbi Fields
Founder of Mrs. Fields Bakeries
An entrepreneur is someone who shoots an arrow and then runs to move the target, so the arrow hits it.
Dick Rennick
CEO of American Leak Detection
Innovation is seeing what everybody has seen and thinking what nobody has thought.
Dr. Albert Szent-Györgyi
Discoverer of Vitamin C
Much good work is lost for the lack of a little more.
Edward H. Harriman
American Businessman
The man who makes no mistakes does not usually make anything.
Edward John Phelps, Esq.
Founder of American Bar Association
You can’t really run the company by pissing off the scientists who do the work.
Erwin Kelen
Veteran Minneapolis Investor
Success consists of going from failure to failure without loss of enthusiasm.
Winston Churchill
English Statesman
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffet
American Investor
It’s not necessary to do extraordinary things to get extraordinary results.
Warren Buffett
American Investor
Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.
Warren Buffett
American Investor
You’ll see it when you believe it.
Wayne Dyer
American Philosopher, Author and Motivational Speaker
The pessimist complains about the wind; the optimist expects it to change; the entrepreneur adjusts the sails.
William Arthur Ward
Often Quoted Writer of Inspirational Maxims
If this is a blessing, it is certainly very well disguised.
Winston Churchill
English Statesman
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.
Anonymous Venture Capital Investor
There’s only one boss: the customer. He can fire everybody from the chairman on down simply by spending his money elsewhere.
Sam Walton
Retailer/Founder of Walmart
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.
Sam Walton
Retailer/Founder of Walmart
If you don’t listen to your customers, someone else will.
Sam Walton
Retailer/Founder of Walmart
Customers don’t want 1/4 drills, they want 1/4 holes.
Ted Levitt
Professor, Harvard Business School
With Early Stage companies, it’s never one thing. It’s always one thing after another.
Tim Cartwright
CEO, Tamiami Angels
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.
Winston Churchill
English Statesman
Be ready to revise any system, scrap any method, and abandon any theory, if the success of the job requires it.
Henry Ford
Business Magnate, Founder of Ford Motor Company
To do a common thing, uncommonly well, brings success.
Henry John Heinz
Vegetable Processor (1876)
Choice is the enemy of decision.
Guy Kawasaki
Author, “The Art of the Start”
Learn from the mistakes of others. You can never live long enough to make them all yourself.
Groucho Marx
American Comedian, Writer, Stage, Film, Radio and TV Star
If you can’t explain it simply, you don’t understand it well enough.
Albert Einstein
Theoretical Physicist: Developed the Theory of Relativity
More startups die of indigestion than starvation.
Bill Garley
Venture Capitalist: Benchmark
I believe that smart people working hard will eventually get lucky.
Erwin Kelen
Veteran Minneapolis Investor
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.
Sara Blakely
Founder of Spanx
One can learn to cook, but a restaurateur is born.
The New Larousse Gastronomique
Partners don’t pay each other, they help each other get paid.
Tech Coast Angels
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.
The Herd Instinct
I’m sure that you’re trying to challenge yourself to invent something new. That’s impossible.
Virgil Abloh
American Fashion Designer
A crisis is a terrible thing to waste.
Vinod Khosla
Venture Capital Investor
On ne règne sur les âmes que par le calme. (One leads by calm.)
Winston Churchill
English Statesman
We’re not trying to entertain the critics… I’ll take my chances with the public.
Walt Disney
Co-Founder, The Walt Disney Company
In economics, things take longer to happen than you think they will, and then happen faster than you thought they could.
Rüdiger Dornbusch
German Economist
You can’t innovate once.
Tracey Riese
Early Stage Investor
To improve is to change; to be perfect is to change often.
Winston Churchill
English Statesman
Having money is no reason to spend it.
Erwin Kelen
Veteran Minneapolis Investor
I’ve made a lot of mistakes. I don’t have a lot of regrets.
Ed Stack
CEO/Owner, Dick’s Sporting Goods
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.
Ecclesiastes 4:9-10
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.’
Ed Sabol
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.
Durk Jager
American Businessman
I don’t know what the price is, but the price knows what the price is.
Erwin Kelen
Veteran Minneapolis Investor
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.
Durk Jager
American Businessman
Many things are improbable, only a few are impossible.
Elon Musk
Business Magnate and Investor
To be persuasive, we must be believable. To be believable, we must be credible. To be credible, we must be truthful.
Edward R. Murrow
American Broadcast Journalist and War Correspondent
I see the light when I feel the heat.
Everett Dirksen
U.S. Senator-Illinois (1959-1969)
There are only two problems in business: 1. Not enough orders. 2. Not enough capacity to ship the orders.
Erwin Kelen
Veteran Minneapolis Investor
95% of Initial Coin Offerings give the rest a bad name.
Dror Futter, Esq.
Partner, Rimon Law