Sallie Krawcheck Quotes

For resourceful tech founders, finding capital is rarely a problem; making the best use of it is another story. A few years slinging pepperoni pies and chicken wings - on tiny margins and with minimal investment - might not be the worst fiscal training.

You have to manage money. Particularly with market economies. You may have a great product, but if your bottom line goes bust, then that's it.

I think for any small business that's bootstrapped, the overwhelming challenge initially is getting to positive cash flow.

Filmmaking is a business and at the bottom line people who don't make fiscally responsible decisions end up going into another line of work.

The best thing we can do to help small-business owners succeed is cut spending.

I've certainly learnt there's nothing more important than cash - cash flow issues are one of the biggest causes of company failures.

The first thing you need in order to make a business viable is to preserve a cash flow. I made sure I didn't have any financial backing or support.

If your business is the right business, then money will never be an issue.

As a businessman, I know that businesses need certainty.

I certainly think you could look at the business side of how WWE was run, which was as a conservative company with little debt and strong cash balance.

The business end of business has never interested me.

I worked for twenty-some years with no capital, so I never had any liquidity. Managing my loans alone wouldn't do it, and working hard twenty-four hours a day seven days a week alone wouldn't do it. You have to be properly capitalized.

I started my first business when I was 19. I learned a valuable lesson as a small business owner. You are the first one to work, last one to leave, and last one to be paid.

Many businesses fail because the owner wasn't willing to invest and wasn't educated on the difference between spending money frivolously and investing money into the business for growth, and the risks and rewards of that cash infusion.

Many entrepreneurs think that cash is the ultimate solution to all of their problems: the one thing standing between them and their dreams.

Like any small business owner, I experienced the pressures of building a company from the ground up - developing a business plan, balancing the books, meeting payroll and building a customer base.

Small businesses have told us that having cash in their pocket is one of the primary things that they need.

If you don't operate it as a business, you aren't going to be around very long.

You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done.

It's actually a pretty basic concept: when businesses feel secure and confident, they are more likely to grow, hire, and invest. Conversely, when the economy is unstable, businesses often become much more risk averse, and in many cases, they're forced to make undesirable cuts that affect their bottom line.

First, you should take money and have plenty of money fueling your tank. But money becomes dangerous if you assume it's going to keep coming. Make sure you can get your burn rate to a sustainable level if you hit the brakes hard, within 90 days.

The first aspect of a business that you need to make it work well is money. Once the money aspect is flowing, you can freely work on other aspects.

The problem for new businesses isn't corporate taxes. Anyone who has actually started a new business knows you don't make enough money for years to pay any meaningful tax on it.

Cash flow is a problem for a small and developing company, and the lack of it is the reason why many small businesses fail. Ensure that you have enough money in your bank account to make you able to carry out daily basic needs for your business.

So I think you want to keep a keen eye on things. Grab it and go. Sure, you check your financials, but don't be afraid to take a jump. Learn the trends.