Build wealth as a by product of your business success. If wealth is your only objective in business, you will probably fail.
Interpretation
Prioritizing business success over wealth is essential for achieving lasting prosperity.
J. Paul Getty emphasizes that true wealth comes from focusing on succeeding in business rather than merely chasing money. If one is solely driven by the desire for wealth, it often leads to poor decision-making and eventual failure. The quote suggests that passion, commitment, and success in your business endeavors will naturally lead to financial rewards.
In practice
During a business seminar focusing on entrepreneurial mindset.
Today's dissenters mainly focus their attention and expend their energies on the most inconsequential of trivia. ...Allegedly serious intellectuals quibble endlessly over such ridiculous trivialities...In the meantime, the public is lulled into a perilous somnolence, spoon-fed pap, and palpable untruths, many of which are turned out by special-interest and pressure groups and well organized propaganda machines.
You must not only learn to live with tension, you must seek it out. You must learn to thrive on stress.
In times of rapid change, experience could be your worst enemy.
The #1 guideline to success is you must be in business for yourself. When you work for someone else, you sell your time at wholesale to your employer, who then re-sells it at retail to the customer.
Patience; this is the greatest business asset. Wait for the right time to make your moves.
There is only one way to make a great deal of money; and that is in a business of your own.
Success is often achieved by those who don't know that failure is inevitable.
There is no victory at bargain basement prices.
The only worthwhile achievements of man are those which are socially useful.
Itβs okay. Let your ego push you to be the initiator. But tell your ego that the best way to get something shipped is to let other people take the credit. The real win for you (and your ego) is seeing something get shipped, not in getting the credit when it does.
I still work hard to know my business. I'm continuously looking for ways to improve all my companies, and I'm always selling. Always.
Great companies don't just have one founding moment. They have many founding moments.
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