Quotes from The Personal MBA: Master the Art of Business book. – Value Creation

Below are quotes from the chapter on Value creation from The Personal MBA: Master the Art of Business book.

“Make something people want… There’s nothing more valuable than an unmet need that is just becoming fixable. If you find something broken that you can fix for a lot of people, you’ve found a gold mine.”
Paul Graham, founder of Y Combinator, venture capitalist and essayist at paulgraham.com

“A business is a repeatable process that makes money. Everything else is a hobby.”Paul Freet, serial entrepreneur and commercialization expert

“Market matters most; neither a stellar team nor fantastic product will redeem a bad market. Markets that don’t exist don’t care how smart you are.”Marc Andreesen, venture capitalist and founder of Netscape and Ning.com

“The society which scorns excellence in plumbing as a humble activity and tolerates shoddiness in philosophy because it is an exalted activity will have neither good plumbing nor good philosophy: neither its pipes nor its theories will hold water.” — John W. Gardner, former president of the Carnegie Corporation

“So often people are working hard at the wrong thing. Working on the right thing is probably more important than working hard.” — Caterina Fake, founder of Flickr.com and Hunch.com

“The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.”Henry Ford, founder of the Ford Motor Company and assembly line pioneer

“Make money your god and it will plague you like the devil.” — Henry Fielding, eighteenth-century novelist and satirist

“The zealous display the strength of their belief, while the judicious show the grounds of it.”William Shenstone, eighteenth-century poet and landscape designer

“Value is not intrinsic; it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment.”Ludwig von Mises, Austrian economist

“Business is not financial science… it’s about creating a product or service so good that people will pay for it.” — Anita Roddick, entrepreneur and founder of The Body Shop

“Everyone can be great because everyone can serve.” — Martin Luther King, Jr., human rights activist

“The joy that isn’t shared dies young.” — Anne Sexton, Pulitzer Prize–winning poet

“Please accept my resignation. I don’t want to belong to any club that will accept me as a member.” — Groucho Marx, comedian

“Buy low, sell high.” — Stock Trader’s Maxim

“The human species, according to the best theory I can form of it, is composed of two distinct races: the men who borrow and the men who lend.” — Charles Lamb, essayist

“I wish to be cremated. One tenth of my ashes shall be given to my agent, as written in our contract.”Groucho Marx, comedian

“So long as there’s a jingle in your head, television isn’t free.”Jason Love, marketing executive

“Money talks — but credit has an echo.” — Bob Thaves, cartoonist and creator of “Frank and Ernest”

“You pays your money and you makes your choice.” — Punch, nineteenth-century British comic magazine, 1846

“Take calculated risks. That is quite different from being rash.”General George S. Patton, commander of the U.S. Third Army in World War II

“Capital is that part of wealth which is devoted to obtaining further wealth.”Alfred Marshall, economist and author of Principles of Economics

“All human situations have their inconveniences.” — Benjamin Franklin, early American political leader, scientist, and polymath

“People don’t trade money for things when they value their money more highly than they value the things.” — Roy H. Williams, The Wizard of Ads

“Great things are not done by impulse, but by a series of small things brought together.” — Vincent van Gogh, artist

“A bit of this and a bit of that is how newness enters the world.”Salman Rushdie, novelist

“It’s this simple: if I never try anything, I never learn anything.” — Hugh Prather, author of Notes to Myself

“I have not failed. I’ve just found 10,000 ways that won’t work.” — Thomas A. Edison, prolific inventor

“Our goal is to have more at bats per unit of time and money than anyone else.” — Eric Schmidt, chairman and CEO of Google

“No business plan survives first contact with customers.”Steve Blank, serial entrepreneur and author of The Four Steps to the Epiphany

“Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative and creation, there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, the providence moves too.”W.H. Murray, mountaineer and writer

“I can’t give you a surefire formula for success, but I can give you a formula for failure: try to please everybody all the time.” — Herbert Bayard Swope, Pulitzer Prize–winning journalist

“A successful business is either loved or needed.”Ted Leonsis, former executive at AOL and owner of the Washington Wizards and Washington Capitals

“Things which matter most must never be at the mercy of things which matter least.” — Johann Wolfgang von Goethe, nineteenth-century dramatist, poet, and polymath

“Praemonitus praemunitus (forewarned is forearmed).” — Roman Proverb

“If you’re not embarrassed by the first version of your product, you’ve launched too late.” — Reid Hoffman, founder of LinkedIn

“Pick three key attributes or features, get those things very, very right, and then forget about everything else… By focusing on only a few core features in the first version, you are forced to find the true essence and value of the product.”Paul Buchheit, creator of Gmail and Google AdSense

“Any engineer that doesn’t need to wash his hands at least three times a day is a failure.”Shoichiro Toyoda, former chairman of the Toyota Motor Corporation

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1 Comment on "Quotes from The Personal MBA: Master the Art of Business book. – Value Creation"

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  1. Lew Sauder says:

    These are some great quotes Alik. Thanks for posting.

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