A Quote by J. B. Pritzker
Any business owner can tell you that if their company isn't performing profitably and up to standards, one of two things will happen: either you make changes to improve its efficiency, or a competitor will drive you out of business. Market forces have a way of cutting to the chase rather quickly.
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I think the high-tech industry is used to developing new things very quickly. It's the Silicon Valley way of doing business: You either move very quickly and you work hard to improve your product technology, or you get destroyed by some other company.
A successful business must have a sound knowledge of its market and work on how its product or service will be different, stand out and improve people's lives. If you can ensure it responds to a real need in the market place, your business can punch well above its weight.
The business plan should address: "How will I get customers? How will I market the product or service? Who will I target?" The principles of a business plan are pretty much the same. But after page one to two, everything is unpredictable, because costs or competition will change and you don't know how things will be received by the market. You have to be able to continually adapt. Companies that fail to adapt will die. Others are brilliant at adapting.
Business has to change the way it does business, or we will make no significant changes in the way we relate to the earth.
When you get into this business you have to grow up quickly. But I wouldn't say I've lost any of my childhood, I've always been a mature child. My Mom says I've been like that since I was little kid. I make time for my friends and I make time for things that other kids do. This is a business and I knew what I was getting into. I make time for being a kid, but I also know when to put on my business hat and go for the business.
Like any small business owner, I experienced the pressures of building a company from the ground up - developing a business plan, balancing the books, meeting payroll and building a customer base
Like any small business owner, I experienced the pressures of building a company from the ground up - developing a business plan, balancing the books, meeting payroll and building a customer base.
Life itself, however, flows and is sequential and punishes those who try to compartmentalize it. Thus if, for any reason whatsoever, moral standards are conspicuously and unprecedentedly breached in one area of society, such as the political, it will follow as the night the day that those standards will start collapsing all down the line-in sports, entertainment, education, the armed forces, business and government.
...Your company...will send drugs to all the underdeveloped countries of the world, and since they do not have any standards, we will fool them all and can make a great big profit and never tell the doctors that there is a risk.....You will meet the standards of the country in which you are advertising, not the...proper standard...I would think that you would not sleep at night....I do not think this country will not stand for it.
The No. 1 criticism most managers get is that they don't ever change or wait too long to make changes... It's very simple: Either things are performing or they're not. And if it's not performing, we have to make changes.
Driving stock up from one day to the next is not what we are about. We are about building a good company and performing for the long term. I know everyone says that, that sounds trite when I repeat it that way, but that is and has always been our attitude about our business. If we do the right things, the stock price will take care of itself, and our shareholders will be rewarded.
As we scale, we will be able to drive the business with more efficiency, which will allow us to pass on more benefits to the consumers.
Only business can build a low-carbon economy. Business is all about seeing ideas and growing them. Businesses have the resources, the people, the technical skills to make things happen - and they have the channels to market
Yes, some banks will only float good companies. But others could not give two hoots if you have a business, a business plan or any business experience.
The best way to do business with a liar is confront them with the truth. Tell them that you do business as a partner. If your lying customer still can't see the light, tell him that you may not be the best choice for business, and that you think you have someone that can serve him better. Then, refer him to the competitor that you hate the most.
If you don't drive your business, you will be driven out of business.
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