Very, very few entrepreneurs who accept a 51 percent partner in a new venture will get rich if they are also expected to run it. Control is mandatory.
Felix DennisNo woman or girl is going to want to spend time looking at pretty dresses on the Internet. Vogue is going to be around for a long time to come.
Felix DennisI don't take investment advice from wealth managers. I have grown several businesses from scratch and amassed many millions from my publishing empire - why would I take advice from someone who has never experienced that?
Felix DennisI have an over-attachment to precision, which is why I've sold more magazines than any man alive.
Felix DennisSometimes, to ensure that a talented individual will work for you, or will stay working with you, you need to be flexible. Money is not always the great motivator here. Talented people want a good salary, of course, but surprisingly often they are more attracted to new opportunities and challenges.
Felix Dennis