Unsustainable Business Model Quotes

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.

I.B.M. was not really bringing their best technologies to India. They were dumping old machines in the country that had been thrown away in the rest of the world 10 years before.

The worst crime against working people is a company which fails to operate at a profit.

I got fired from a job years ago. It was an accounting job. They were basically trying to cut corners, so they employed a bunch of temps to do proper accounting. And it just caused absolute bedlam and I did get fired.

In the subprime mortgage industry, bankers handed out iffy loans like candy at a parade because such loans meant revenue and, hence, bonuses for executives in the here-and-now.

Taxpayer money should not have to be spent to save a misguided and mismanaged enterprise.

Yeah, we shot ourselves in the foot right out of the gate. The guy who ran it at first misled pretty much everybody about how much capital we had. He said we had enough to go three years without making money, and we had enough to go three weeks.

Pressure selling is firmly rooted in American economic life, and I'm sorry it is, for it should not be necessary. Some people think part of the panic following 1929 was due to too much pressure in selling.

A typical Ponzi scheme involves taking money from investors, then paying them off with money taken from new investors, rather than paying them from actual earnings.

Hubspot's leaders were not heroes but rather a pack of sales and marketing charlatans who spun a good story about magical transformation technology and got rich by selling shares in a company that still has never turned a profit.

What really went wrong is that General Motors has had this philosophy from the beginning that what's good for General Motors is good for the country. So, their attitude was, 'We'll build it and you buy it. We'll tell you what to buy. You just buy it.'

What Enron was doing, what caused investors to embrace it in a rapture of baffled awe, was hiding debt.

When public figures think they can open a business even though they've got no business experience, it's a bad idea.

Nationalized industries are notorious for their inability to operate at a profit.

The thing about us businesspeople is that we love our customers rich and our employees poor.

Why are so many companies stuck in this factory model of working?

The industry is a menace to artists.

A great ad campaign will make a bad product fail faster. It will get more people to know it's bad.

The business was in a very difficult state when I first took over the company. I walked into a situation where cheques were getting written, popped in drawers, so that when people phoned up, they could honestly say, 'Look, we've signed the cheque. You'll get it ultimately.'

It is a certainty that Herbalife is a pyramid scheme. We believe it's harming a population of low-income, principally Hispanic people in the U.S. to benefit a handful of super wealthy people at the top of the pyramid.

The standard entertainment industry reaction to Hollywood's box office slump reveals the same shallow, materialistic mindset that helped create the problem in the first place.

A number of former Wells Fargo employees have described their work environment characterized by intense pressure to meet aggressive and unrealistic sales goals. In a 2010 letter to shareholders, Mr. Stumpf wrote that Wells Fargo's goal was eight products per customer because eight rhymed with great.

You know your business model is broken when you're suing your customers.

I could only be frustrated right from the day I started in WCW and realized that it was a company run by a bunch of idiots that didn't have a clue what they were doing.

Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.