A Quote by Andrew Yang
Building a successful business requires a combination of human capital, financial resources, market opportunity, persistence, community support, and even luck.
Related Quotes
The 21st century for the black community is about building human capital. That is the undone business. That is the unmet need. That is the completion of the civil rights mission.
Successful charitable fund-raising has much in common with managing a business: It requires leadership, persistence, and creativity.
Launching a successful product or startup has little to do with luck. Any business that gains traction on the market is the result of very careful strategizing and market analysis, not to mention the development of an original product or service.
When the people who support and are a part of your community, the community you have the pleasure and power and opportunity to serve, that's where all the best business happens.
Publishing requires a lot of persistence and a fair amount of luck.
Fair Trade is a market-based, entrepreneurial response to business as usual: it helps third-word farmers developing direct market access as well as the organizational and management capacity to add value to their products and take them directly to the global market. Direct trade, a fair price, access to capital and local capacity-building, which are the core strategies of this model, have been successfully building farmers' incomes and self-reliance for more than 50 years.
An organization is really a factory for producing new ideas and for linking those ideas with resources - human resources, financial resources, knowledge resources, infrastructure resources - in an effort to create value. These are processes that you can map, with results that you can measure.
Business requires understanding financial matters, but management is different from running the financial aspects of the business - it requires understanding complex systems, how they operate, the nature of organisations, what happens when people interact in groups and how to motivate and guide people.
Effective networking isn't a result of luck - it requires hard work and persistence.
In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
The financial capital is being concentrated by corporations, institutional investors, and even our pension funds, and being reinvested in companies that repeat this process because it provides the highest return on that financial capital.
Do not rush into a business just because you have the capital. You'd lose your shirt if you jump into it recklessly. Do your homework first. Study the market and look for that golden opportunity. Whatever business you choose to go into, it must be something that you can pursue with passion.
Most entrepreneurs come up with a product, or they come up with an idea and they think they can be successful with it. But if they don't know the financial side of their business and understand credit and working capital and what it takes money-wise, you can't be successful. The product is just a product.
I'm proud we have built a billion-dollar business from scratch here in the US. It has been done very much in a slow, building way. It wasn't an instant type of thing. America is a huge market where persistence is very important, and I am a builder by nature.
My whole life has been about building community, building business in our community, empowering people in our community.
The purpose of the capital formation presentations and roundtable discussions is to create a dialogue with business leaders, economic development organizations, business incubators, and community leaders to promote investment in Montana and support businesses as they start up and/or grow their existing operations.
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