A Quote by Thomas A. Edison
My principal business is giving commercial value to the brilliant - but misdirected - ideas of others.
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I am more of a sponge than an inventor. I absorb ideas from every source. I take half-matured schemes for mechanical development and make them practical. I am a sort of a middleman between the long-haired and impractical inventor and the hard-headed business man who measures all things in terms of dollars and cents. My principal business is giving commercial value to the brilliant but misdirected ideas of others.
That's the power of great insights. Insights, not ideas. There's a difference. Ideas, valuable though they may be, are a dime a dozen in business. Insight is much rarer -- and therefore more precious. In the advertising business, a good idea can inspire a great commercial. But a good insight can fuel a thousand ideas, a thousand commercials.
Giving the best to others are giving the best to us. The value of life is not based on how long we live. But, how much can we contribute to others in our society ?
I value a buck, and when they're giving you $300,000 to lay down and look cute and pretty for a commercial in Korea, you gotta just go, 'Holy crap, this is unbelievable.'
If you are a person with big dreams and would love to support others in achieving their big dreams, then the network marketing business is definitely a business for you. You can start your business part-time at first and then as your business grows, you can help other people start their part-time business. This is a value worth having - a business and people who help others make their dreams come true.
My father has a manufacturing company in Kentucky, and he's an electrical engineer. A brilliant man. A brilliant businessman. So he understands the business aspects of my business very well. My dad and I always communicate when I have to negotiate a deal.
My father has a manufacturing company in Kentucky and he's an electrical engineer. A brilliant man. A brilliant businessman. So he understands the business aspects of my business very well. My dad and I always communicate when I have to negotiate a deal.
As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for both the investment bank - which gets a huge volume of business - and the commercial bank because the commercial bank can walk into a company and say, "Oh, if you need X, Y and Z in Japan or China, we can do that for you."
Producers generally don't like me; directors do, generally. Convincing the producers is hard. They can't see the commercial value behind such a face, nor would they get a commercial value, necessarily - and I don't mean that in a good way or a bad way.
The real test of business greatness is in giving opportunity to others. Many business men fail in this because they are thinking only of personal glory.
The person who I admire most in business is Warren Buffett. He is a long-term investor and has brilliant ideas, and he sticks to them.
Find a business mentor. Connect with others who are successful in other lines of business. Bounce ideas off them, pick their brains. Maybe they can re-write a proposal for you.
Do you value people who won't benefit you or only those who might contribute in some way to your success? Great team players truly value others as people, and they know and relate to what others value.
The way to transform your immense inner value into outer riches is by giving it freely and authentically to others.
So much has changed in our business. E-books, that's been one of the principal developments. There has been also the failure of Borders and the rise of Amazon, just to name two others.
The real test of business greatness is in giving opportunity to others.
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