You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine.
Jay SamitRead
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.
Interpretation
Success often requires short-term sacrifices for long-term rewards.
This quote emphasizes the importance of making sacrifices and putting in hard work during the initial stages of one's career or business. By enduring the challenges and struggles that most people shy away from, one can eventually achieve a level of success and freedom that is unattainable for those who choose to play it safe.
In practice
During a motivational speech at a business conference.
You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine.
As 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.
Many a man has finally succeeded only because he has failed after repeated efforts. If he had never met defeat he would never have known any great victory.
An exceptional company is the one that gets all the little details right.
The primary reason for failure is that people do not develop new _x000D_ plans to replace those plans that didn't work.
The two most important requirements for major success are: first, being in the right place at the right time, and second, doing something about it.
Income is primarily determined by your philosophy, not by the economy
I played for Santos at 16, and we had an excellent team, so it helped a lot. And then I played for Brazil at the Maracana against Argentina. So I get more experience. This was one year before the World Cup, and it made a lot of difference.
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