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Business Advice Quotes

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Business Advice Quotes

“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.”

“The type of person you are is usually reflected in your business. To improve your business, first improve yourself.”

“Trade shows and events drive a surge in readership for trade magazines, websites, and newspapers. This spike is a prime opportunity to expose your company to thousands of potential buyers.”

“We wrote Shift Ahead to document how the smartest companies and organizations shift their strategies in order to stay relevant in the face of swift and exponential changes in everything from technology to the forces of globalization, from politics and culture, from consumer tastes to human behavior. We wanted to find out how they shift ahead – how they stayed ahead of the curve, the competition, and the evolving requirements of their customers – given the barrage of evolving challenges.”

“Never underestimate the power of a tweet.”

“When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work – the most you will make is 5 dollars.”

Book:Wealth for All: Living a Life of Success at the Edge of Your Ability

“With managing a business, you need to Invest in good software and or good data mining systems. Run your numbers routinely. Take a look at your revenues - when is the money typically coming in, from where, can you identify any patterns in your revenues? Then take a look at your expenses - analyze the numbers and identify patterns. Why? Because Identifying patterns and extracting actionable items from your revenue and expense data will result in the clarity you need to make good business decisions.”