To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence.
Steve Jobs is considered an amazing genius and made billions of dollars. Sure, we overlook that he didn't pay his share of taxes and didn't believe in charity. But other than these occasional rumblings of dissent, he is pretty much held in high esteem.
Elon Musk is an incredibly prolific entrepreneur, having come up with, or been at the founding team of Tesla, SpaceX, SolarCity, PayPal, all different industries that seem to have nothing to do with each other.
In the end, all new schools, public or private, snobby or not, add value to the education market, making it bigger and more efficient, in the same way that Zuckerberg added wealth to the economy even for non-Facebook fans.
What makes small business develop into big business is not spending, but saving and capital accumulation.
The best way to make money is not to have money as your primary goal. I've seen great people come into the business world primarily motivated to make money. Almost without exception they failed.
Being an entrepreneur is not for the faint of heart. It is a high-risk, high-reward proposition.
I'm convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance... Unless you have a lot of passion about this, you're not going to survive. You're going to give it up. So you've got to have an idea, or a problem or a wrong that you want to right that you're passionate about otherwise you're not going to have the perseverance to stick it through.
The wunderkinder of Silicon Valley—their fortunes, business empires, and, more fundamentally, entire sense of self—exist because of the nation that in many cases made their rise possible.
All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they failed to escape competition.
It’s very important for entrepreneurs to be realistic. So if you believe on that first day while you’re writing the business plan that there’s a 70 percent chance that the whole thing will fail, then that kind of relieves the pressure of self-doubt.
So it takes years to make a solid company.
I don't like indecent, unearned wealth. But it is legitimate for an entrepreneur who has created something to make a good living.
In my view, the first requirement for success for an entrepreneur is to dream big. The second aspect that prevents entrepreneurs from succeeding is fear of failure.
The Curbside founders are successful entrepreneurs, who each have sold their companies to Apple.
People getting rich in a free society in general - with some scammy exceptions, which are rare - makes everyone else richer, too.
Daniel Ek, the C.E.O. of Spotify, is a rock star of the tech world, but he is not long on charisma.
I've given a lot of talks over the years on the subject of entrepreneurship. The first thing I find I have to do is to dispel the persistent myth that entrepreneurial success is all about innovative thinking and breakthrough ideas.
Success should stem from entrepreneurial creativity, not political connectivity.
Massive elimination is the most important step and the most neglected step for entrepreneurs.
Entrepreneurship is the engine fuelling innovation, employment generation and economic growth. Only by creating an environment where entrepreneur- ship can prosper and where entrepreneurs can try new ideas and empower others can we ensure that many of the world’s issues will not go unaddressed.
Build something that fixes something people are having a problem with, and you're lined up for great things.
My father gave me a very small loan in 1975, and I built it into a company that's worth many, many billions of dollars, with some of the greatest assets in the world, and I say that only because that's the kind of thinking that America needs.
The smartest billionaires I know never finished high school. I got my degree and my doctorate on the street and an advanced degree in jail.
Elon Musk is an incredible leader and entrepreneur. I have known him since 1995 when he first came to Silicon Valley.
