We live in a time of transition, an uneasy era which is likely to endure for the rest of this century. During the period we may be tempted to abandon some of the time-honored principles and commitments which have been proven during the difficult times of past generations. We must never yield to this temptation. Our American values are not luxuries, but necessities - not the salt in our bread, but the bread itself.
in his farewell address.
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You can't run a business without taking risks.
You can't run a business without taking risks.
Concentrate your strengths against your competitor's relative weaknesses.
Concentrate your strengths against your competitor's relative weaknesses.
The principles applied in economic processes are general social principles.
The principles applied in economic processes are general social principles.
Capital can do nothing without brains to direct it.
Capital can do nothing without brains to direct it.
The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually read more
The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.
I don't want to do business with those who don't make a profit, because they can't give the best service.
I don't want to do business with those who don't make a profit, because they can't give the best service.
What the customer demands is last year's model, cheaper. To find out what the customer needs you have to understand read more
What the customer demands is last year's model, cheaper. To find out what the customer needs you have to understand what the customer is doing as well as he understands it. Then you build what he needs and you educate him to the fact that he needs it.
Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.
Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.
Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.
Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.
