Business Essentials Quotes

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Business Essentials Business Essentials by Hendrith Vanlon Smith Jr.
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Business Essentials Quotes Showing 1-30 of 61
“Businesses and markets have a symbiotic relationship. Each has a profound effect on the other.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Business is about putting smiles on peoples faces. Business is about helping people to live better lives.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Growing a business is a lot like growing a fruit tree. Ideally, a fruit tree will yield a lot of fruit from a little bit of soil rain and sun. And ideally, your business will yield a lot of profit from a little bit of capital.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Most people don't need to be babied through business processes. Most often, what they need is a clear understanding of the objective and access to available resources. From there, they'll leverage their own creative capacity and skillets to ensure that the objective is accomplished.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“If you want your business to be resilient, you gotta improve cash flow and widen margins.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“You get teamwork in the workplace by giving teamwork in the workplace. It's not only about your personal career success or your colleagues' personal career success, but it's also about the success of the company - which is good for everyone employed at the company.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Even as an entrepreneur, you need to see yourself as an employee of your business.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Don't be that employee that complains all the time! Instead, be that employee that sees opportunities within the business and weeks to collaborate with colleagues and management to make the business better.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“To succeed in business, it's important to be good with numbers.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Businesses are like people in many ways - we expect them to live long, prosperous and productive lives but we also know they won't live forever.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Don't be that employee that complains all the time!”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“In business, all expense projections and all revenue projections must account for inflation.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“When we apply the principles of permaculture to business operations - we end up with more profitable businesses, more resilient businesses, and businesses that holistically add value to all stakeholders.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Sometimes you gotta just give the customers what they want.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Every company should have a good internal mentoring system in place.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Businesses are born, businesses live, and businesses die. And that's okay.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Companies with high talent density have a permeable competitive advantage that makes them very difficult to beat.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Companies with great leadership are simply more investable.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Capital allocation is what makes all business processes possible.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Every business problem corresponds to a failure in capital allocation.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Climate change is something that matters to businesses. This is an issue that has the ability to impact the potential of businesses, the profitability of businesses and the opportunities present in the economy.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“As managers, we should hire people whose values align with the values of the company, and then trust them to do their job well. If you have to micromanage an employee, one of you isn't a fit for the company.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Business credit should be utilized to facilitate income growth and expense reduction. If you view business credit as liquidity you're going to get into trouble because on the receiving side, credit is a liability not an asset - It has to be paid back out of future income. So think about that. Your business can only pay back a loan plus interest if future income is greater than present income and future expenses are less than present expenses. To put it bluntly, credit must facilitate profit.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“If you wanna make money in business, you gotta train yourself to see the world from a business perspective.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“If you have to constantly reinvest the business profits back into the business just to keep the business going, then your business has a major cash flow problem. If your business has thin margins like that, it is incapable of resilience. If you want your business to be resilient, you gotta improve cash flow and widen margins.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“You have to include inflation in your annual revenue and expense forecasts. You have to treat inflation as an annual fee your business pays into the economy. If inflation is 2% for example, that means the economy is charging your business a 2% annual fee and so you gotta make sure your income and total assets grow at minimum 2% annually just to keep up.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“As a new entrepreneur, you're probably gonna have to hustle hard to get things going at first. And you gotta be committed to that hustle until it's not necessary anymore.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“As a new entrepreneur, you're probably gonna have to hustle hard to get things going at first. And you gotta be comitted to that hustle until it's not necessary anymore.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“Every company that intends to grow, should directly address the barriers to scaling.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials
“If we are going to experience the results we desire, vision must be paired with venture.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials

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