A Quote by Bill Gates

Know your numbers' is a fundamental precept of business. — © Bill Gates
Know your numbers' is a fundamental precept of business.
How can you be on top of the things you do? I think when you are involved in a business, first of all you need to know the business. After that you know the business, you can - the numbers tell you what is happening. You can read with the numbers.
I know a few CEOs who delegate the understanding of their financials and their business metrics to the CFO, and then stop worrying about all that 'numbers stuff.' Don't do that. You have to know your numbers inside and out - they are your life blood.
And, in fine, the ancient precept, "Know thyself," and the modern precept, "Study nature," become at last one maxim.
The first precept in Buddhism is "Do not kill." This precept is not merely a legalistic prohibition, but a realization of our affinity with all who share the gift of life. A compassionate heart provides a firm ground for this precept.
Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.
Control your cash. Stick to your core business. Know your numbers.
The fundamental precept of liberty is toleration.
If I had to give my advice to someone else starting the business, my standard answer is so, so true, and that's to learn the fundamental basics of this business. If you don't have a fundamental base to build upon, your house will fall, and you will never truly achieve the status you desire.
The laws of science, as we know them at present, contain many fundamental numbers, like the size of the electric charge of the electron and the ratio of the masses of the proton and the electron .... The remarkable fact is that the values of these numbers seem to have been finely adjusted to make possible the development of life.
I ask people what they do in sales, how much money they made last year, what their cost of sales is, and they don't even know. If you don't know your numbers, you're going out of business. I don't care how good your product is.
Some people would argue the other side: that the business of business is business, and companies should only be focused on profits. But in today's world, I don't think corporations can only be focused on profits, because they are inextricably linked with the communities that they serve. I do not believe you can be a leader in your industry without being a leader in your community. It's a fundamental shift in how you think about business.
I'm a businessman, and what I know is numbers and business.
Leaders who fail to appreciate this fundamental precept of accountability must also fail to muster the profound commitment true leadership demands.
We all have our essential nature. If you're good with numbers, you don't even know you're good with numbers because that's how your mind works.
You know, the music business is like the Lotto. Just put your numbers down and sometimes they hit, and sometimes they don't. There's just no rhyme or reason.
In general, you don't want competitors to understand your business outside of telling people your revenue and profitability numbers.
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