Money is in some respects life's fire: it is a very excellent servant, but a terrible master.
P. T. BarnumRead
Energy and patience in business are two indispensable elements of success.
Interpretation
Success in business requires both energy and patience.
This quote by P. T. Barnum emphasizes that achieving success in business is not just about hard work and dedication, but also about the importance of being patient. While energy fuels the drive to pursue goals and overcome obstacles, patience allows individuals to navigate challenges and wait for opportunities to bear fruit, making them equally essential for long-term success.
In practice
During a business seminar focusing on entrepreneurship.
Money is in some respects life's fire: it is a very excellent servant, but a terrible master.
The common man, no matter how sharp and tough, actually enjoys having the wool pulled over his eyes, and makes it easier for the puller.
No man has a right to expect to succeed in life unless he understands his business, and nobody can understand his business thoroughly unless he learns it by personal application and experience.
True economy consists in always making the income exceed the out-go. Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress: live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income.
No man ever went broke overestimating the ignorance of the American public.
I don't care what the newspapers say about me as long as they spell my name right.
Look at guys like Larry Bird and George Brett and John McEnroe; that's what they did in their careers. They all wanted to be the guy under the microscope late in the game or late in the match. So you just take on that know-how that that's part of your responsibility, and you learn that's what makes it exciting. That's what makes it fun!
Know more than other. Work more than other. Expect less than other
Success never resides in the world of weak wishes, but in the palace of purposeful plans and prayerful persistence.
Your paycheck is not your employer's responsibility, it's your responsibility. Your employer has no control over your value, but you do.
There is no such thing as a natural born pilot. Whatever my aptitudes or talents, becoming a proficient pilot was hard work, really a lifetime's learning experience. For the best pilots, flying is an obsession, the one thing in life they must do continually. The best pilots fly more than the others; that's why they're the best. Experience is everything. The eagerness to learn how and why every piece of equipment works is everything. And luck is everything, too.
There is no success without sacrifice. If you succeed without sacrifice it is because someone has suffered before you. If you sacrifice without success it is because someone will succeed after.
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