A Quote by Brad Feld
If you aren't going to make your revenue plan, it's unlikely you'll make your EBITDA or Net Income plan. You don't even have to get complicated and look at Gross Margin or more derivative metrics - if you are off in Q1 and have any sort of growth expectations , you are going to miss for the year.
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Q1 is the easiest quarter to make. If you miss your Q1, regardless of the type of revenue you have, you aren't going to make your revenue plan for the year because your budget process isn't accurate.
One of the dangers about net-net investing is that if you buy a net-net that begins to lose money your net-net goes down and your capacity to be able to make a profit becomes less secure. So the trick is not necessarily to predict what the earnings are going to be but to have a clear conviction that the company isn't going bust and that your margin of safety will remain intact over time.
Plan your hours to be productive...Plan your weeks to be educational...Plan your years to be purposeful. Plan your life to be an experience of growth. Plan to change. Plan to grow.
Planning is the only way to keep yourself on track. Plan your moments to be joyous. Plan your days to be filled with peace. Plan your life to be an experience of growth. When you know where you are going, the universe will clear a path for you.
Sometimes it is not wise to make a second plan; it diminishes the power of the first plan! In risky paths, make only one plan; this will increase the possibility of success! On the edge of a precipice, if your second plan is a parachute on your back, your possibility of falling will increase! When you have nothing to trust, you will be safer, because you have no right to make any mistake!
If I have any attribute that serves me well, it's I don't have a long-range plan in life. I have no idea. I just don't look ahead, I really don't. You know when people get out of college and they're talking about their five-year plan. Five-year plan? I got a plan to get to Friday.
I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
I was nervous about playing a lead part in a Working Title romantic comedy and I was also nervous about the fact that I not only had to take my clothes off, but get my willy out. There's certain things you can do to make yourself look better, but there's nothing you can do about your willy. Your willy is your willy and no amount of working out is going to make your willy look any different. You get what you're given. But I wanted to look my best and to whip myself into any semblance of handsomeness. And that was hard going.
Now, in economic crises times, the kind of things you're looking at is it's generally harder to get capital, revenue growth may be more, revenue lines may be unstable or growth may be less easy to predict that you're going to get to. And so what you do is you take a certain conservative approach of when, as all entrepreneurs should do, you plan for both good luck and bad luck, you put extra time on, "Okay, if I have bad luck, what do I do about that?"
I started treating my career as if it was a guarantee,if things get difficult and things don't work out, I'm not gonna think I have a Plan B, which is grad school, or Plan C, which is an office job. I'm just gonna have a Plan A, a Plan A 2.0, a Plan A 3.0, and that's what I'm going to do. Because entertainment and YouTube are always going to be my Plan A.
The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.
When we go out to the university, the professors always say, 'Tell these students about your five-year plan and your 10-year plan,' and I say, 'Gee, we're lucky if we have a year plan.'
I thought I would make it (to the NBA). I believed that I would make it. But I had a Plan B. I was going to get my Master's degree at Tulane University had it not worked out. I think the pressure of making it wasn't on me as great as some other players that had no other options. I was going to do something special in life and I wanted to play in the NBA. I had a backup plan but I went full speed ahead with my Plan A.
You have to plan it [your devotion to God] every day. And, the best time to plan it is before your day begins. If you don't plan it, your day will plan you. And so, I make a disciplined life of the study of the scriptures, reading the word every day.
The real thing is that you are suffering from your expectations. When they are not fulfilled - and they are never going to be fulfilled - frustration arises, failure arises, and you feel neglected, as if existence does not care for you. Drop expectations for the future. Remain open, remain available to whatsoever happens, but don't plan ahead. Don't make any psychological, fixed ideas about the future - that things should be like this - and much more suffering will disappear.
I plan my time to a 'T.' I plan when I am going to sleep; I plan when I am going to relax. I obviously leave time to have spontaneous life experiences - I think that's really important. But so much of it is setting up you mental energy in the right way to get the most out of your day and time.
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