A Quote by John Collison
In the desktop world, you could build a successful business where a consumer only came back to you once or maybe twice a year. I don't think you can build that kind of business on mobile. You need higher frequency, or otherwise you fall off the home screen and the user never comes back.
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There's nothing wrong with a business that supports you and perhaps an extended family. But if you want to build a scalable startup, you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year.
If you have a strong business idea, then it is comparatively easy now to get capital. It is a positive thing that increasingly more people want to join the startup bandwagon. However, to build a successful business, focus on creating more value through the product, and direct your efforts on solving real issues. If you manage to build a sustainable product, revenue will follow. A lot of startups fail because they concentrate on incremental innovations, increasing user base, and monetisation before strengthening the core of their business.
I want to build an asset-driven business, and I want to make my clients a part of everything I'm doing. Go into the branding business, consumer products, food, apparel. We need to expand in those places.
Growth does not always lead a business to build on success. All too often it converts a highly successful business into a mediocre large business.
We at BMW do not build cars as consumer objects, just to drive from A to B. We build mobile works of art.
I came back once or twice a year to visit my family, and then I would take off again. In the beginning, I think everybody thought I would get over it and get it out of my system. And I never did.
The biggest thing is to give it back. You want to leave the game in a better situation than you came in with it. That's really important to me, especially being an avid reader and just learning about how to build businesses, learning how to make the most of the business you're in, the ins and outs of the relationships that you build as well.
I think a lot of entrepreneurs think they need money to build the business faster when they actually haven't figured out the business equation yet.
I came back, Uncle Eddie. Last year, after the Henley, I could have gone to any school in the world -- I could have done anything, but I came back." "You ran away, Katarina." "And now I'm back." "You're still running.
The digital business is a fantastic business to be in. The only thing you have to do is build a cost structure for a declining business, which is different from the structure for a growing business.
The biggest potential of Facebook is that people can build networks. For business persons, it means that they can build their list of leads, which they can look upon as prospects for furthering their business.
Can anyone create an enduring business on the Web, where it's easy to build new companies, and when survival depends on the whims of fickle users? The big lesson of 'Digg' may be simply this: if someone offers you a ridiculous amount of money for a company that wasn't that hard to build, don't think twice. Take the money and run.
My goal was to build a meaningful sports business that operates at the highest levels in the areas of business that we compete in. I have an intense desire to be successful, and I'm extremely competitive.
Actors can lose their jobs easily, so we need a back-up plan, an alternate business to fall back on.
You can't go around building a better world for people. Only people can build a better world for people. Otherwise it's just a cage. Besides you don't build a better world by choppin' heads off and giving decent girls away to frogs.
Microprocessors were instantly attractive to us because you could build something for a fraction of the cost of conventional electronics. That's essentially what we did with the Traf-O-Data computer - only it was too narrow and challenging an area to try to build a service business in.
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