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.
I never went into a tournament or round of golf thinking I had to beat a certain player. I had to beat the golf course. If I prepared myself for a major, went in focused, and then beat the golf course, the rest took care of itself.
To be successful, you have to be out there, you have to hit the ground running, and if you have a good team around you and more than a fair share of luck, you might make something happen. But you certainly can't guarantee it just by following someone else's formula.
Many companies aspire to change the world. But very few have all the elements required: talent, resources and perseverance. Microsoft has proven that it has all three in abundance.
Those who would judge us merely by the heights we have achieved would do well to remember the depths from which we started.
Ask any woman who has gone through a divorce and had her standard of living decline substantially. Ask any woman who's been fired or 'reorg'ed out' and had to scramble to take a job she didn't want. Ask any woman who wanted to quit a job but couldn't afford to. Investing is possibly the best career advice women aren't getting.
When I came into the music, I was forced to be a CEO. I was forced to be an entrepreneur; I was forced to... because I was looking for a deal. I didn't have this grand scheme of starting a record company and then morphing into a clothing empire.
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