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17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure

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Pooja Agnihotri

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“Margins matter in business. If a business has $1,000,000 dollars in revenues but $1.5 million in expenses, the business is heading for self destruction due to a liquidity problem. Meanwhile, if another business only has $100,000 in revenues and $50,000 in expenses, it’s doing better than the first business even though it has less revenues. And a business with $60,000 in revenues but only $2,000 in expenses technically has a greater margin than both of the other businesses. Revenues are very important, but the key is to both maximize revenues and minimize expenses so that you have the widest profit margin possible.”

BusinessProfitBusiness QuotesExpensesBusiness AdviceMarginsHendrith SmithConsultingRevenues
Author:Hendrith Vanlon Smith Jr
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“Back when I started ColorComm, I was living in a small DC apartment with slow dial up Internet, so I spent two hours before work and two hours after work using the free Wi-Fi at the hotel across the street. It was a lot of long days, too little sleep, morning workouts and evening drinks missed in favor of doing more work - but it was worth it to me because I knew my dream was to one day leave my firm and run ColorComm full-time. I was willing to put in the exra hours. But if reading this makes you cringe with dread, or if you just don't want to spend that much time working, that's okay! It is not necessary to work from dawn to dusk every single day in order to have a successful career. But that reaction also means you probably shouldn't plan to make your side hustle your full time job anytime soon, because you may not be passionate enough or hungry enough to make it happen.”

Side Hustle
Book:What Do You Need?: How Women of Color Can Take Ownership of Their Careers to Accelerate Their Path to Success
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“to [David] Simon and his partner, Ed Burns, The Wire was explicitly a piece of social activism. Among its targets, large and small, were the War on Drugs, the educational policy No Child Left Behind, and the outsize influence of money in America's political sytem, of statistics in its police departments, and of Pulitzer Prizes at its newspapers. The big fish, though, was nothing less than a capitalist system that Burns and Simon had begun to see as fundamentally doome. (If Simon was a dyed-in-the-wool lefly, Burns practically qualified as Zapatista; by ex-cop standards, he might as well have been Trotsky himself.) In chronicling the modern American city, Simon said, they had one mantra, adapted from, of all sources, sports radio personality Jim Rome: "Have a fucking take. Try not to suck." Neither Burns nor Simon would ever seem entirely comfortable acknowledging the degree that The Wire succeeded on another level: as beautifully constructed, suspenseful, heartfelt, reasonant entertainment. [...] "It's our job to be entertaining. I understand I must make you care about my characters. That's the fundamental engine of drama," Simon said dismissively. "It's the engine. But it's not the purpose". Told that The Wire had trascended the factual bounds that, for all its good intentions, had shackled The Corner, he seemed to deliberately misunderstand the compliment: "I have too much regard for that which is true to ever call it journalism." The questioner, of course, had meant the opposite: that The Wire was too good to call mere journalism. As late as 2012, he would complain in a New York Times interview that fans were still talking about their favorite characters rather than concentrating on the show's political message.”

HboThe WireDifficult MenThird Golden AgeTv Drama
Book:Difficult Men: Behind the Scenes of a Creative Revolution: From The Sopranos and The Wire to Mad Men and Breaking Bad
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“On Earth one of the things that a large proportion of the locals is most proud of is this wonderful economic system which, with a sureness and certainty so comprehensive one could almost imagine the process bears some relation to their limited and limiting notions of either thermodynamics or God, all food, comfort, energy, shelter, space, fuel and sustenance gravitates naturally and easily away from those who need it most and towards those who need it least. Indeed, those on the receiving end of such largesse are often harmed unto death by its arrival, though the effects may take years and generations to manifest themselves.”

EnergySpaceFoodComfortEconomicsFuelShelterSustenanceLimitedLimiting
Book:The State of the Art
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