A Quote by Binod Chaudhary
When I was 18, and when I entered my family business, I soon realised that it wasn't as easy as I thought. I had to deal with people of my father's generation. Building trust was key to doing business.
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Business thrives with trust. Every single business transaction is based on trust. Trust is what you deal in. From trust emerges a safe and predictable environment.
The fact that my father set out on his own to build Hyatt - a business the family was not in and a business he was learning about as he was building it - is instructive.
Remember, don't let the pressures of doing business get in the way of what doing business is truly about: building relationships with people.
I mean the business is just so rough man, people always think the business is easy, and the business is very rough. This is probably the worst business that you can get in, as far as, business-wise.
Wherever you go in the galaxy, you can find a food business, a house-building business, a war business, a peace business, a governing business, and so forth. And, of course, a God business, which is called 'religion,' and which is a particularly reprehensible line of endeavor.
The goal of business should not be to do business with anyone who simply wants what you have. It should be to focus on the people who believe what you believe. When we are selective about doing business only with those who believe in our WHY, trust emerges.
Advertising is a business within a business and the man who neglects it will soon find himself with a business without a business.
I had the option of building a career in the U.S. Many of my friends who went at the time did not come back, but for me, building the family business and being with family was worth it. I became a general manager within four months, as I used my education to improve productivity and output.
Some of the hard part of coaching is to be able to drag people over to the next side. People are comfortable with doing business a certain way. When that business kind of shifts to get people to change, it's not easy. It's a process.
It's far more difficult being a small-business owner starting a business than it is for me with thousands of people working for us and 400 companies. Building a business from scratch is 24 hours, 7 days a week, divorces, it's difficult to hold your family life together, it's bloody hard work and only one word really matters - and that's surviving.
I had business experience. I had made my living designing and building electronic equipment. Basic business was not new to me, but the music business was completely new to me. I knew nothing about distribution, or any of those things.
We're in the doing business, or acting business and creating business. We're not in the results business, so we don't have any control over what the result is. My reward comes in the doing of it.
Hiring people with diverse backgrounds brings in a flexibility of thought and openness to new ways of doing things, as opposed to hiring clones from business schools who have been taught a codified way of doing business.
In a family business, you grow up with close contact to the business, whatever it is, and the beer business is certainly a very social type of business.
My father died and left me his blessing and his business. His blessing brought no money into my pocket, and as to his business, it soon deserted me, for I was busy writing poetry, and could not attend to law, and my clients, though they had great respect for my talents, had no faith in a poetical attorney.
I always thought, 'Will I go into the business, or will I not go into the business?' But when my father got arrested, I really didn't have a choice. I was the oldest son, and it was something that had to be done.
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