While big business gain subsidies and political access, small businesses drown in red tape, and individuals now risk being classified as terrorists for complaining about it. Economic globalisation is about homogenising differences in the worlds’ markets, cultures, tastes and traditions. It’s about giving big business access to a global market.
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is fraud. You can apply that rule to left-wing social programs, but you can also apply that rule to credit derivatives, hedge funds, all the rest of it.
As far as this business of solitary confinement goes, the most important thing for survival is communication with someone, even if it’s only a wave or a wink, a tap on the wall, or to have a guy put his thumb up. It makes all the difference.
Having been in the restaurant business, our job in the restaurant business is to be responsible for our customers’ happiness. It’s the nature of the hospitality business. You need to take care of people. You take care of customers above all others. Customers are your lifeblood.
When you run a part of the relay and pass on the baton, there is no sense of unfinished business in your mind. There is just the sense of having done your part to the best of your ability. That is it. The hope is to pass on the baton to somebody who will run faster and run a better marathon.
Sometimes, idealistic people are put off the whole business of networking as something tainted by flattery and the pursuit of selfish advantage. But virtue in obscurity is rewarded only in Heaven. To succeed in this world you have to be known to people.
Today, companies have to radically revolutionize themselves every few years just to stay relevant. That’s because technology and the Internet have transformed the business landscape forever. The fast-paced digital age has accelerated the need for companies to become agile.
I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink, but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death.
People want to start their own business or become financially independent. But you don’t end up a successful entrepreneur unless you find a way to love the risk, the uncertainty, the repeated failures, and working insane hours on something you have no idea whether will be successful or not.
Women hold up more than half the sky and represent much of the world’s unrealized potential. They are the educators. They raise the children. They hold families together and increasingly drive economies. They are natural leaders. We need their full engagement… in government, business and civil society.
Every breakthrough business idea begins with solving a common problem. The bigger the problem, the bigger the opportunity. I discovered a big one when I took apart an IBM PC. I made two interesting discoveries: The components were all manufactured by other companies, and the system that retailed for $3,000 cost about $600 in parts.
Jim Newman, the business visionary who created the term ‘comfort zone,’ showed me how to expand my horizons. Thanks to Jim, after I attended one of his PACE Seminars in 1978; I moved out of my comfort zone at Bear Stearns and became a super successful oilman.
I am a social democrat – I believe in pursuing greater equality and tackling social justice – but… you can’t do that unless you have got a strong economy, unless you have got a vibrant business base earning the wealth that makes that possible.
The win-win situation is the basis for America’s entire business world. Instead of wasting our time attempting to defeat each other, let’s find a way that will make both of us gain and go home satisfied. In Israel, it doesn’t work because the only meaning of victory is seeing your rival’s body lying trampled on the floor.
I think everybody has their own way of looking at their lives as some kind of pilgrimage. Some people will see their role as a pilgrim in terms of setting up a fine family, or establishing a business inheritance. Everyone’s got their own definition.
The more moral the people are in their business dealings, the less paperwork you need, the more handshakes you can have, the more the wheels of capitalism work better because there’s trust in the marketplace. Business ethics is not a joke. And, in fact, I think most businesses that I’ve dealt with encourage exactly that type of behavior.
I don’t want to get myself in trouble – and I don’t think I’m super important or anything – but I think it’s so funny that when you look at the business and the way that people make decisions in their lives, whether they’re in art or music or they’re in industry, they forget that being unique is the answer.
The known is finite, the unknown infinite; intellectually we stand on an islet in the midst of an illimitable ocean of inexplicability. Our business in every generation is to reclaim a little more land, to add something to the extent and the solidity of our possessions.
Family business management is a discipline that has evolved from an art into a science. The market for this line of education has been created by the growing recognition of family-run companies that shareholders are demanding greater clarity on issues ranging from succession to the management of wealth and the distribution of profits.
I have learned the hard way to mind my business, without judging who people are and what they do. I am more troubled by the lack of space being provided for the truth to unfold. Humans cannot seem to wait for or honor the truth. Instead, we make it up based on who we believe people should or should not be.
Before WeWork, I had a baby clothing company. When I started out, I had no real contacts in the garment business and no mentor to guide me on how things worked. I just had an idea to put pads on the baby clothes on to protect the baby’s knees.
I was at this casino minding my own business, and this guy came up to me and said, ‘You’re gonna have to move, you’re blocking a fire exit.’ As though if there was a fire, I wasn’t gonna run. If you’re flammible and have legs, you are never blocking a fire exit.
When you are just starting out with an online business, there’s a good chance that you’ll be making several mistakes. Because of the mistakes that can be made with starting an online business, many people decide to quit or think that online businesses are just a scam.
I have a helicopter that I use for U.K. business trips, and I fly myself. I have a yacht in Antibes in the south of France, which is a sort of indulgence, as we only use it for about four weeks a year. The rest of the time, it is chartered out to people as a business.
