A Quote by Jason Fried
Unless you are a fortune-teller, long-term business planning is a fantasy.
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There's none as deaf as those who won't listen. I get letters. If they are moronic, they go in the wastepaper basket, but if they are reasonable points, I try to explain. I am planning for the long-term future. I am planning for the long-term future. People say build a team not a hotel, but that argument is irrelevant. It's like fish or meat
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it. We apply these skills in business, yet when it comes to ourselves, we rarely apply them.
You cannot do a goal. Long-term planning and goal-setting must therefore be complemented by short-term planning. This kind of planning requires specifying activities. You can do an activity. Activities are steps along the way to a goal. Let's say you desire security. Putting $10.00 in the bank or talking to your stockbroker about your investment plans are activities that will move you toward your goal.
Long-term planning is often undervalued by our indefinite short-term world.
Unless you invest in people, you are not going to see growth in the long term, the medium term, and maybe even the short term.
Crowdpac is what I'm passionate about. I want to see it develop and grow, and I'm not really thinking anything except a long-term future for this business - but more importantly, for what this business can do for the long-term future of America.
The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it.
Whatever the short term clashes between protecting the environment and eradicating poverty, medium term and long term it is clear. Unless we grow sustainably, at some point we face catastrophe
Sure there are some companies at the margins of our society that probably do that and I think we all have the responsibility as consumers and as investors to avoid them like the plague. If we do, they won't last very long. Doing what's right is the only possible formula for long-term - I emphasize long term - business success.
To me there’s no real difference between a fortune teller or a fortune cookie and any of the organized religions. They’re all equally valid or invalid, really. And equally helpful.
If you can tune into the fantasy life of an 11-year-old girl, you can make a fortune in this business.
Business is all about learning to balance the short-term, medium-term and long-term and I think it's when things are going well it covers up a lot of mistakes and bad decisions because you're growing so quickly.
Human decision-making is complex. On our own, our tendency to yield to short-term temptations, and even to addictions, may be too strong for our rational, long-term planning.
Modernity has reneged on its promise to young people to provide social mobility, stability and collective security. Long-term planning and the institutional structures that support them are now relegated to the imperatives of privatization, deregulation, flexibility and short-term profits.
I'm not a fortune-teller.
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