Building a career or a company is about living a few years of your life like most people won't so that you can spend the rest of your life living at a level most people can't.
Jay SamitRead
You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine.
Interpretation
What this quote means
Success often requires more resources and time than anticipated.
This quote emphasizes the common misconception among entrepreneurs that they have enough capital and time to achieve profitability. Jay Samit highlights the unpredictable nature of business growth, suggesting that individuals should prepare for longer timelines and increased financial needs to truly succeed in their ventures.
Themes
CapitalProfitabilityBusinessEntrepreneurshipSuccess
In practice
Example use cases
In a business seminar, I might share this quote to highlight the importance of financial planning.
More from Jay Samit
All quotes βAs counterintuitive as it sounds, 'speed to fail' should be every entrepreneur's motto. Success isn't born wholly-formed like Venus from a clamshell; it's developed through relentless trial and error.
Jay SamitRead
Similar quotes
The best time to expand is when no one else dares to take risks
Andrew CarnegieRead
On most lines, making a sale without making a convert does not count for much. Sales made by conviction - by advertising - are likely to bring permanent customers. People who buy through casual recommendations often do not stick
Claude C. HopkinsRead
I thank God for all the victories and conquests I've had this year as a player and I bring to the altar two prizes. This is first my son who is about to be born. The other is my trophy from Fifa, which I want to dedicate to God.
KakaRead
Stop looking for the 'right' career, and start looking for a job. Any job. Forget about what you like. Focus on what's available. Get yourself hired. Show up early. Stay late. Volunteer for the scut work. Become indispensable. You can always quit later, and be no worse off than you are today.
Mike RoweRead
Values cannot be speedily forgotten if it is inconvenient or commercially expedient. Values have to have meaning and longevity; otherwise they are valueless. You cannot embrace innovation up to a point or only sometimes. Branding demands commitment; commitment to continual re-invention; striking cords with people to stir their emotions; and commitment to imagination. It is easy to be cynical about such things, much harder to be successful.
Richard BransonRead
Opportunity rarely knocks on your door. Knock rather on opportunity's door if you ardently wish to enter.
B. C. ForbesRead