Revenue cures everything in the business world.
I'm all for it. In these days, regional marketing is the only way to survive.
Over the very long term, history shows that the chances of any business surviving in a manner agreeable to a company's owners are slim at best.
I think of myself more as a workhorse actor. It will be hot and cold and up and down, but no one will kick me out of the business.
Over a 10-year period, 99 out of 100 new entrepreneurs will fail. Only one will be left standing as others get pushed out of the market or burn out from working so hard. It's really sad.
Customers are the reason we open our doors every day, and keep the machines humming all night long. Customers determine what we eat, where we live, whether we stay in business.
You're either making money or you're not. If you're not making money get out of the business.
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.
We're conditioned to let businesses fail, regardless of how much we like them. We believe that if the market doesn't want that bookstore to exist, then it shouldn't exist.
Starting a business is risky. Half of all new businesses fail to experience a fifth anniversary. And everyone knows that you could lose all the money you've invested in your new company and then some. Those are the obvious risks of trying to be an entrepreneur.
All failed companies are the same: they failed to escape competition.
Never take your eyes off the cash flow because it's the life blood of business.
The reality of life is, if you have a bagel shop and everybody is pouring into the doughnut shop across the street, if you want to stay in business, you start selling doughnuts.
You're a small business and you have to take care of yourself the way you would a small business and take care of yourself the way any small business owner would.
Remember that you are more likely to die because you execute badly than get crushed by a competitor.
Adaptability and constant innovation is key to the survival of any company operating in a competitive market.
For a startup, you need to stay small so the others don't attack, or you aim to be one of the big guys. If you don't do it right, you might lose everything.
I think the private sector for the most part, the vast majority of employers in America, they wake up in the morning, and they have a bottom line. This is how much they make, this is how much their expenses are; they certainly need to break even just to stay in business, and they need to make a profit in order to survive long-term.
Good businesses can survive a little bad management.
According to the Small Business Administration, more than 70 percent of all family businesses do not survive through the second generation, and 8 percent do not make it to a third.
Good businesses will survive good times and bad times.
Nothing keeps a company honest and efficient like the threat of other companies coming along and taking its business away.
My father was a small-businessman, and if he didn't get up and go to work, there would be no business.
Our ultimate goal is to stay in business. We are not here with a specific plan. That's kind of how our entire career has evolved. We will figure things out as we go along.
Credit is the lifeblood of business, the lifeblood of prices and jobs.
See Daniel Webster for an earlier expression of this notion.