A culture of discipline is not a principle of business, it is a principle of greatness.

First figure out your partners, then figure out what ideas to pursue. The most important thing isn't the market you target, the product you develop or the financing, but the founding team.

Those who build and perpetuate mediocrity...are motivated more by the fear of being left behind.

Recruit entrepreneurial leaders and give them freedom to determine the best path to achieving their objectives. On the other hand, individuals must commit fully to the system you use and be held rigorously accountable for their objectives. You give them freedom, but freedom within a framework.

The only mistakes you can learn from are the ones you survive.

Just because a company falls doesn't invalidate what we can learn by studying that company when it was at its historical best.

Whether you prevail or fail depends more on what you do to yourself than on what the world does to you.