A Quote by Fred DeLuca
If you have company-owned stores, you make 100 percent of the profit from each one, but you have less entrepreneurial spirit.
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In Harlem, for instance, all of the stores are owned by white people, all of the buildings are owned by white people. The black people are just there - paying rent, buying the groceries; but they don't own the stores, clothing stores, food stores, any kind of stores; don't even own the homes that they live in. They are all owned by outsiders, and for these run-down apartment dwellings, the black man in Harlem pays more money than the man down in the rich Park Avenue section.
When we first started the company, I didn't have any thoughts of franchising. We just had company-owned stores.
Give me 100 percent. You can't make up for a poor effort today by giving 110 percent tomorrow. You don't have 110 percent. You only have 100 percent, and that's what I want from you right now.
To the winner, there is 100-percent elation, 100-percent fun, 100-percent laughter; and yet the only thing left to the loser is resolution and determination.
People invest in companies in order to get a share of the profit that company will make. If the Government increases its share of the profits, potential profits, at the expense of the owners of the company, the shareholders, then that makes investment in that company less attractive.
Many Enron employees lost 70 percent to 90 percent of their retirement assets after the company indicated that it would re-state profit reports.
I dismiss personal profit and focus exclusively on people and planet. That's what I call social business: a nondividend company dedicated to solving human problems. You can go all the way, forgetting about personal profit, being single-minded about solving problems. The company makes profit, but profit stays with the company.
We are 100 percent responsible for the pursuit of holiness, but at the same time we are 100 percent dependent upon the Holy Spirit to enable us in that pursuit. The pursuit of holiness is not a pull-yourself-up-by-your-own-bootstraps approach to the Christian life.
My thing is to have a good, profitable company, for it to be 100% owned independently.
And rely on Him with 100 percent of your faith for 100 percent of your life throughout 100 percent of your tomorrows. He will give you a peace no thief can ever steal.
Being in compliance with industry standards is less than 5 percent of what companies need to do to make food safe. Company after company finds that out after they have events.
When you're in a start-up, the first ten people will determine whether the company succeeds or not. Each is 10 percent of the company. So why wouldn't you take as much time as necessary to find all the A players? If three were not so great, why would you want a company where 30 percent of your people are not so great? A small company depends on great people much more than a big company does.
I wouldn't want to manufacture cigarettes. But if I owned - we do own Costco. Do they sell them? Yes. So I don't have a problem owning stock in that. But I just wouldn't want to - I wouldn't want to do it myself. I basically think, if anything is sufficiently antisocial, society should do something about it. But that's a separate question. But - and I don't think there's any company that I have seen that's 100 percent pure.
I'm actually all in favor of freeing the entrepreneurial spirit - but it turns out, interestingly, that you actually need very strict regulations to free the entrepreneurial spirit.
Of course we have to make a profit, but we have to make a profit over the long haul, not just the short term, and that means we must keep investing in research and development - it has run consistently about 6 percent of sales at Sony - and in service.
Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.
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