Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.

Entrepreneurs believe that profit is what matters most in a new enterprise. But profit is secondary. Cash flow matters most.

Ideas are cheap and abundant; what is of value is the effective placement of those ideas into situations that develop into action.

Meetings are a symptom of bad organization. The fewer meetings the better.

The final test of greatness in a CEO is how well he chooses a successor and whether he can step aside and let the successor run the company.

Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time.

When a resource is scarce, you increase its yield.