A Quote by Mukesh Ambani
Our established businesses of hydrocarbons, energy, and petrochemicals pretty much run on their own, with their own proven leaders. This has helped me focus almost exclusively on two things: Firstly, new businesses. And secondly, institutionalising what I call the Reliance Management System.
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We need to be our own heroes. We need a new way of looking at things. Greta Thunberg has shown us that. It's crazy, but this kid has proven that we can be our own leaders.
Our attitude toward cash generation and asset management came out of our own thought process. After we acquired a number of businesses we reflected on aspects of business. Our own conclusion was that the key was cash flow.
There is less difference than many suppose between the ideal Socialist system, in which the big businesses are run by the State, and the present Capitalist system, in which the State is run by the big businesses.
I've always been business-minded. I worked in corporate America before becoming an actress and knew that acting wasn't the end but a means to an end. It gave me the platform and the exposure I needed to do my philanthropic work. It also gave me the financial security to focus on my other businesses, start new businesses, and even help other people start businesses.
For the sake of our businesses and the sake of our jobs, we must not only maintain our roads and bridges, but also develop a modernized transportation system that supports continued growth and attracts new businesses and growth.
Because I work with entrepreneurs who own businesses, I have found Doug Tatum's No Man's Land to be a really helpful body of working knowledge. It's very applicable to most businesses that have the usual problems of growing businesses - managing people, capital, markets, etc.
There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.
I spend most of my career as a management consultant, a businessman working with family-owned small and medium-sized businesses. The businesses that make up the core of our economy.
From a young age, I learned to focus on the things I was good at and delegate to others what I was not good at. That's how Virgin is run. Fantastic people throughout the Virgin Group run our businesses, allowing me to think creatively and strategically.
We need to see many more people starting businesses and becoming their own boss, but the squeezed middle exists as much within this group as in the population at large as rising costs are hitting small businesses - who after all are consumers too.
If you look at America, one of the great strengths of America is its university towns and the way a lot of their businesses and a lot of their innovation and enormous economic growth have come from reducing that gap, getting those universities directly involved in start-up businesses, green field businesses, new development businesses.
Wealth management businesses are capital light businesses.
I run into people from the Lehigh Valley and Allentown all over the world, and they're obviously doing pretty well. They say, "Oh, it's pretty nice there now and there's a lot of new businesses that have come into the area." Nobody's telling me, "Yeah, I left." Everybody says, "You know, I'm there. It's great. It's really nice there, and you made our town famous."
Autonomy: the urge to direct our own lives. Mastery: the desire to get better and better at something that matters. Purpose: the yearning to do what we do in the service of something larger than ourselves. These are the building blocks of an entirely new operating system for our businesses.
The more we come to rely on government, the fewer freedoms we will enjoy. Government will start dictating what we can own, eat and drive, how much of our money they will let us keep, how we run our businesses, how many - if any - guns we can own, and what we may and may not say. Oh, wait! They are already doing that. To preserve freedom we must fight for it.
I've run several of my own small businesses in my life.
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