Business for Beginners Quotes

“We live in a time of consistent and persistent change. As new technologies emerge and new sociology-political realities take form, the economy and the context of business changes also.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Business is really an altruistic thing. Only by serving others can we serve ourselves.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Products and services of every kind are really just platforms for value creation.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Think of any product or service and beneath the surface you’ll see it’s just a value exchange.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“I like to use things in nature as analogous to the way we should use capital in a business and economic sense.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“When we act upon capital as stewards, we not only retain it - we multiply it. We grow it. We expand it. And we perpetuate it to impact more and more lives in meaningful ways.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Capital must be stewarded - it must be acted upon with a spirit of responsibility.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Think of all the kinds of businesses that have ever existed. They all had one thing in common. They sold something that people needed, wanted or desired at the time. They sold something that a group of people perceived as something that would improve their lives in some way.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Only by serving others can we serve ourselves. Only by improving other peoples lives can we acquire wealth as a result of them paying us or buying the products or services sold by our business.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“One could argue that without natural capital, no other kind of capital could exist.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“The roots of the business determine the fruits of the business.”
― Hendrith Vanlon Smith Jr., Business for Beginners: Getting Started

“We must be good consumers of capital – using it to create maximum value for ourselves, our family, our customers – that’s productivity.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“People are really buying the value created by the product or service, as opposed to the product or service itself.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Ultimately it boils down to a simple equation: income minus expenses equals profit. There are certain ways of being that maximize or minimize income. There are certain ways of being that maximize or minimize expenses. Administration done well is about aligning the business with the ways of being which maximize income, and the ways of being which minimize expenses.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“When things are orderly, it reduces the possibility of waste. When things are orderly, it maximizes efficiency. Eliminating waste and maximizing efficiency both lend themselves to profit.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Communicating value is a bit of an art, and a bit of a science. On one hand, it’s about telling a story and evoking emotion. On the other hand, it’s about identifying and clearly expressing specific things that will improve the customers life.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“If someone does not perceive a product or service as one that adds value to their life, they will not buy it – even if that thing actually will provide value.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“People buy perceived value. It’s not just about having a good product or service, it’s also about making sure your potential customers perceive the value your product or service can provide them. And you do this by communicating its value effectively.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“People have to be able to access your businesses product or service. They have to notice your product or service among alternatives. And they have to feel an authentic connection.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“As we think about business, it’s important that we think from a value adding perspective.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Think of any product or service and beneath the surface, you’ll see it’s just a value exchange.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“Capital must be stewarded — it must be acted upon with a spirit of responsibility.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started

“The only way for a business to survive the constant and persistent changes that take place through time, is to be anchored to something that is changeless and timeless — and that something is the mindset of creating value for others.”
― Hendrith Vanlon Smith Jr, Business for Beginners: Getting Started