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Ten percent of American businesses disappear every year. ... It's far higher than the failure rate of, say, Americans. Ten percent of Americans don't disappear every year. Which leads us to conclude American businesses fail faster than Americans, and therefore American businesses are evolving faster than Americans.
Tim HarfordOne metric catches people. We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year and there is your profit sitting in the yard. We avoid businesses like that. We prefer those that can write us a check at the end of the year.
Charlie MungerAsk yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it forever and enjoys the returns that U.S. businesses, and to some extent global businesses, have earned since the beginning of time. Speculation is betting on price. Speculation has no place in the portfolio or the kit of the typical investor.
John C. BogleI hate phones. All businesses are personal businesses, and I always try my best to get back to people, but sometimes the barrage of calls is so enormous that if I just answered calls I would do nothing else.
Vera WangWho are businesses really responsible to? Their customers? Shareholders? Employees? We would argue that itโs none of the above. Fundamentally, businesses are responsible to their resource base. Without a healthy environment there are no shareholders, no employees, no customers and no business.
Yvon ChouinardThe American economy is driven by small business. And there's nothing basically to create incentives for small businesses. We've done no tax reform. They're the highest-taxed group in the country. And corporations can go anywhere they want and do whatever they want. Small businesses have to stay.
Ed RollinsMy tax plan will cut taxes for 95 percent of workers, because we need to put money back into the pockets of struggling middle-class families and close the egregious tax loopholes that have exploded over the last eight years. My plan eliminates capital gains taxes entirely for the small businesses and start-ups that are the backbone of our economy, as opposed to John McCain's plan, which would tax these businesses. John McCain is running to serve out a third Bush term. But the truth is, when it comes to taxes, that's not being fair to George Bush.
Barack ObamaBusinesses will only invest in Greece if three conditions are fulfilled. First, there must be a clear commitment to the euro. No businesses will invest if they have to fear that Greece will leave the euro zone at some point. Second, the Greek government must be prepared to work together with European institutions in order to restructure the country.
Martin SchulzThere is a science to managing high tech businesses, and it needs to be respected. One of them is that in technology businesses, leadership is temporary. It's constantly recycling. So the asset has limited lifetime.
Eric SchmidtFor me, businesses are like buses. You stand on a corner and you don't like where the first bus is going? Wait ten minutes and take another. Don't like that one? They'll just keep coming. There's no end to buses or businesses.
Sheldon AdelsonCan I say that I think it should be against the law for one state to use taxpayer money to try to bribe businesses in another state to move? Which then causes the target state to use taxpayer dollars to try to bribe the businesses to stay.
Gail CollinsI have set up several businesses as social businesses, and I am a great believer that the power of business should be used for good.
Lily ColeWomen are opening businesses at twice the rate of men ... Forty percent of businesses will be owned by women. Women are saying, I don't belong in this company. I'm sick of fighting this battle.
Faith PopcornHere are white men poised to run big marijuana businesses, dreaming of cashing in bigโbig money, big businesses selling weedโafter 40 years of impoverished black kids getting prison time for selling weed, and their families and futures destroyed. Now, white men are planning to get rich doing precisely the same thing?
Michel'leAs you know, there were lots of huge marches around the country yesterday to protest the immigration laws. The marches had quite an impact on businesses. Restaurants had to close, construction sites had to shut down, the Yankees had to forfeit a game. ... Do you realize that Americans are now doing the jobs that immigrants won't do because they're out protesting?
Jay LenoInternet entrepreneurs are using technology at every level of their company - from a one-person agency to a small firm, the newest technological advances are interwoven throughout every aspect of Internet-based businesses.
Marc OstrofskyWriting non-free software is not an ethically legitimate activity, so if people who do this run into trouble, that's good! All businesses based on non-free software ought to fail, and the sooner the better.
Richard StallmanSuccess is a balance thing, it's about work and play together, so we need to work on how we embrace that. The conversation we need to keep having is how women and businesses learn to embrace women having children.
Mary PortasI am troubled by the devaluing of the word 'designโ. I find myself now being somewhat embarrassed to be called a designer. In fact I prefer the German term, Gestalt-Ingenieur. Apple and Vitsoe are relatively lone voices treating the discipline of design seriously in all corners of their businesses. They understand that design is not simply an adjective to place in front of a productโs name to somehow artificially enhance its value. Ever fewer people appear to understand that design is a serious profession; and for our future welfare we need more companies to take that profession seriously.
Dieter RamsAs an investor, what we're not looking for is 'oh this is a cool app,' it's 'is this something that can become a big business?' You need to find those that can become real businesses.
Niklas ZennstromAmerican Made is not just an event. It's a movement to spotlight and support the next generation of creative entrepreneurs who are turning their passion for making into thriving small businesses.
Martha StewartHardest job in America is being a single mom. There are a lot of them and a lot of them in Baltimore and I think that they absolutely do their best. They can't keep continue to do their best if businesses flee the city.
Dana PerinoDon't kill the competition. Competition is healthy for businesses. It keeps you the entrepreneur on your toes.
Aliko DangoteWe've got to provide additional help to small businesses so that they can afford to provide health insurance.
Hillary ClintonJPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.
Jamie DimonEverybody faces obstacles. And I looked to people who had been through many to succeed in life. Abraham Lincoln, born to a poor family, faced defeat through most of his life. Lost eight elections, failed two businesses, had a nervous breakdown, and still became president.
Dave WinfieldWe must start now to provide additional stimulus to the modernization of American industrial plants I shall propose to the Congress a new tax incentive for businesses to expand their normal investment in plant and equipment.
John F. KennedyThe catastrophe of the atomic bombs which shook men out of cities and businesses and economic relations, shook them also out of their old-established habits of thought, and out of the lightly held beliefs and prejudices that came down to them from the past.
H. G. WellsThe number of small businesses in the United States totals about 25 million. Because most of these have a local trading territory, relatively few advertise online. Online advertising reaches the masses of the Internet world, whether they are local or not.
Marc OstrofskyEven in the worst depression, 25% of businesses are booming - in your industry find out what theyโre doing and do it.
Mark Victor HansenTo help U.S. workers, farmers and businesses, and Americas long-term economic security, Congress should take decisive action to bring about fair trade with China, instead of squandering this opportunity on a weak Republican bill.
Joe BacaThe sad fact is that today most of the heads of big businesses in America have become so confused or intimidated that, so far from carrying the free market to argument to the enemy, they fail to defend themselves adequately even when attacked.
Henry HazlittWe like our current shareholders and don't want to entice anyone to become one. It would help current shareholders to hear our CEOs [of the Berkshireoperating subsidiaries], but we promised them they could spend 100% of their time on their business. We place no impediments on them running their businesses. Many have expressed to me how happy they are that they don't have to spend 25% of time on activities they didn't like.
Charlie MungerThe sooner we rein in the red tape factory in Washington, D.C., the sooner small businesses can get back to creating jobs and helping more Americans find an honest day's work.
Geoff DavisBusinesses often forget about the culture, and ultimately, they suffer for it because you can't deliver good service from unhappy employees.
Tony HsiehSmall businesses provide 75 percent of new U.S. jobs and are the backbone of our economy, and no outdated ban should be keeping small business owners from collecting the same interest their money could earn if it were held by an individual.
Sue KellyThe more successful enterprises are the more they try to replicate, duplicate, codify what makes us great. And suddenly they're inward thinking. They're thinking how can we continue to do what we've done in the past without understanding that what made them successful is to take risks, to change and to adapt and to be responsive. And so in a sense success breeds its own failure. And I think it's true of a lot of successful businesses.
Lou GerstnerThere will be certain points of time when everything collides together and reaches critical mass around a new concept or a new thing that ends up being hugely relevant to a high percentage of people or businesses. But it's really really hard to predict those. I don't believe anyone can.
Marc AndreessenObama wants to take the individual small business tax to 44 percent, and the corporate rate - he says - down to 28 percent or whatever. But that really damages the small businesses. And it doesn't make us competitive. You got to take them both down to 20, because state and local corporate taxes are 5 percent.
Grover NorquistBecause of the financial crash, we've lost trust in these big businesses that were led by a linear ambition to reach the top by risk - and invariably led by men. And so I think all the stuff that was seen as great "behaviour" will not be in the future, which I'm really pleased about.
Mary PortasIn the fourth quadrant (lower right), working-class people are motivated to take on green-collar jobs and start green businesses.
Van JonesAmerican businesses deserve a federal government that doesn't stand in their way, not one that tries to chase them overseas.
Nikki HaleyIn general, an asset should be sold when it has greater value to a buyer. This happens when a buyer has a complimentary business or capability that would enable them to do more with that business. Many businesses we have exited were not failures, but had simply reached a point in their life cycle where they no longer provided a core capability or served as a platform for growth.
Charles Koch