A Quote by Michael Milken
In the four decades of philanthropy that have paralleled my business career, I've found that the same principles apply whether you're providing access to capital to grow a business, creating a new paradigm for medical research, or pioneering innovative approaches to education: Empower the most talented people in each field and encourage them to pursue their passions.
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I moderated a panel focusing just on women and the specific challenges that women entrepreneurs face. And we found that around the world, the challenges are the same, whether it is gaining access to capital, risk-taking, or the ability to expand beyond a small business and grow.
There is always a critical job to be done. There is a sales door to be opened, a credit line to be established, a new important employee to be found, or a business technique to be learned. The venture investor must always be on call to advise, to persuade, to dissuade, to encourage, but always to help build. Then venture capital becomes true creative capital - creating growth for the company and financial success for the investing organization
The transformation at the corporate level was achieved by selling off business units in old markets and by creating new business units to pursue the new opportunities. But the individual business units themselves within those transformed corporations were almost inert to change.
Business is a creative and therefore spiritual endeavor. Great entrepreneurs enter the field of business in the same way great artists enter the field of art. With their business creation, entrepreneurs express their spiritual desire for self-realization, evolutionary passion for self- fulfillment, and creative vision of a new world. The entrepreneur's business is their artwork. The creation of business is as creative as any creation in art. In fact, building a business may be the most creative human activity.
Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
If you talk to anyone involved in business - forget banks and big business - talk to small businesses - do it yourself, don't ask me - they'll tell you it's crippling. Small-business formation is the lowest it has ever been in a recovery, and it's really for two reasons. One is regulations and the second is access to capital for people starting new businesses.
Access to capital is critical for small business success and crucial to our economic recovery. Without access to capital, many small companies are not able to maintain operations, let alone expand and create new jobs.
The FBRI has been endeavouring to build an ecosystem of healthcare innovation, through engaging in R&D, supporting clinical research, providing business support and strengthening the research and business networks within the KBIC.
To me, money is a means to do good. I reached a point in my life where I had enjoyed tremendous business success that afforded my family everything we could possibly want. My wife and I then decided that we could use our wealth to make a difference. So we created the Broad Foundations to do four things: to improve urban public education, to support innovative scientific and medical research, to foster art appreciation for audiences worldwide and to support civic initiatives in Los Angeles.
By all indications, American business leaders are more adept at creating business strategies than they are skilled at human capital management. American entrepreneurs are world-beaters when it comes to creating new businesses, and corporate managers are adept at using the latest marketing, financial, and technological practices.
The issue of access to growth capital is common to all entrepreneurs. Any entrepreneur who can demonstrate a credible business model and plan would be able to access to capital.
Although they only give gold medals in the field of athletics, I encourage everyone to look into themselves and find their own personal dream, whatever that may be - sports, medicine, law, business, music, writing, whatever. The same principles apply. Turn your dream into a goal and learn how to attack that goal systematically. Break it into bite-size chunks that seem possible, and then don't give up. Just keep plugging away.
Access to talented and creative people is to modern business what access to coal and iron ore was to steel-making.
There are the fundamental core values of the Democratic Party, which is to work to grow the economy, to create jobs, to encourage small business, to encourage ownership, to expand access to quality health care, to enhance opportunity by making higher education more affordable to American's young people, to have our children live in safe neighborhoods, drug-free, crime-free, and a safe and clean environment, first and foremost to provide for the national defense, to protect and defend the American people, and to have accountability for our budget and for our spending.
I'd always had a childhood ambition to go into the investment capital business, and spent twenty-odd years in it. But the thought of spending the second half of my career in the same business was boring, so I looked around for other opportunities .
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