A Quote by Neil Blumenthal
For better or worse, cash is the oxygen of your business, and you can't last long in any environment without it.
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Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.
Cash is the lifeblood of your business. There are very few things in business that will kill you, but running our of cash is one of those things. You can recover from almost any other mistake, but if you run out of cash you're dead.
An adult human can last 40 days without food, a week without any sleep, three days without water, but only five minutes without air. Yet nothing is more taken for granted than the air we breathe. However, not just any air will do - it must be exquisitely designed to meet our needs. Too little oxygen in the atmosphere will kill us, as will too much.
It is a matter of course and of absolute necessity to the conduct of business, that any discretionary businessman must be free to deal or not to deal in any given case; to limit or withhold the equipment under his control, without reservation. Business discretion and business strategy, in fact, has no other means by to work out its aims. So that, in effect, all business sagacity reduces itself in the last analysis to judicious use of sabotage.
You can sing only what you are. You can paint only what you are. You must be what your experiences, your environment, and your heredity have made you. For better or for worse, you must play your own little instrument in the orchestra of life.
"Spirituality" in business sounds lofty. How practical is it? The answer is "very." There's a fundamental way in which Spirit and consciousness contribute to worldly success-and it has long been ignored. [. . .] As experts, authors and gurus often note, the game of business is to influence the external world. But here's the point: How can you control your environment if you can't even manage your own thoughts and emotions? In other words, how do you rule the world without first mastering yourself? The cornerstone of effective leadership is self-mastery.
I felt okay for the first 45 seconds, and then my vision grew fussy. My lungs felt like deflated balloons. I would have sucked oxygen through my ears, if that were possible. I was experiencing oxygen debt, or perhaps better stated, oxygen death.
No one is ever better off with dictators but there comes a time you know, when you're on an airplane, they always say, "in case of an emergency oxygen masks will drop down. Put yours on first and then administer help to your neighbor." We need oxygen right now.
Nothing lasts. So it's my belief, yes, I know a lot of the things that we liked didn't last, but maybe things we don't like, they're also not going to last. There has been progress in my lifetime. There are certainly things that are better than when I was young, and there are things that are worse. New York City, it's worse. There's no question.
The essence of a good investment manager is one who studies a given business and extrapolates the future cash flows that the business is likely to generate over the next several years. Based on the cash flow and asset assessment, they can then arrive at their expected rate of return if they bought a fraction of that business at a given price.
When Johnny Cash died, ... I picked up my guitar and got the idea that Bob Dylan was the last man standing, the last of the real gods. It was for Dylan, Cash, Lennon, Elvis that's what I was thinking.
We play a sport. It's a game. At the end of the day, that's all it is, is a game. It doesn't make you any better or any worse than anybody else. So by winning a game, you're no better. By losing a game, you're no worse. I think by keeping that mentality, it really keeps things in perspective for me to treat everybody the same.
It's very difficult to grapple with the idea of not being able to wrestle any more, but you also have to come to the realization that this is a very physical business, and your body will only last you so long.
Without doubt, there are lots of ways to measure the pulse of a business. But if you have employee engagement, customer satisfaction, and cash flow right, you can be sure your company is healthy and on the way to winning.
If you look at Detroit, that mayor, it's been a train wreck for 40 years, the population has gone from 2 million to 700,000. This Mayor comes in, and he talked about streetlights, sanitation, jobs, policing, schools, affordable housing. He's doing it all, and it's growing for the first time in 30 years. Literally, one man. But that one man couldn't do it without business. And business couldn't have done it without a political environment where they wanted to improve things. If you had an antibusiness environment there, it would still be down there.
The critics can't say that our regulations are making the environment worse, and 'Oh, it's getting better, well then it must be somebody else who made it better.'
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