Fundamentally, the basis of all modern progress is the efficiency of labor. And the only sure road to restored prosperity is through the thrift and hard work of our people as a whole.
Charles M. SchwabRead
A man to carry on a successful business must have imagination. He must see things as in a vision, a dream of the whole thing.
Interpretation
Imagination is essential for achieving business success and realizing visions and dreams.
This quote emphasizes the importance of imagination in business success. Charles M. Schwab suggests that to thrive in a competitive environment, a business leader must envision their goals and ideas as if they were already realized, allowing them to make strategic decisions and inspire others to work towards that vision.
In practice
This quote can be used in a business seminar to inspire entrepreneurs to harness their creativity.
Fundamentally, the basis of all modern progress is the efficiency of labor. And the only sure road to restored prosperity is through the thrift and hard work of our people as a whole.
To my mind, the best investment a young man starting out in business can possibly make is to give all his time, all his energies, to work - just plain, hard work.
We hear much of Bolshevism, much of labor unrest; at times, we hear the word 'revolution.' But these are but contagious diseases in the body of civilization, and I believe that the antitoxins of good cheer, mutual confidence, fairness and justice will ultimately cure these ills and make the world healthy and strong again.
Lead the life that will make you kindly and friendly to everyone about you, and you will be surprised what a happy life you will lead.
There is nothing a worker resents more than to see some man taking his job. A factory can be closed down, its chimneys smokeless, waiting for the worker to come back to his job, and all will be peaceful. But the moment workers are imported, and the striker sees his own place usurped, there is bound to be trouble.
When a man has put a limit on what he will do, he has put a limit on what he can do.
The minute you get away from fundamentals β whether its proper technique, work ethic or mental preparation β the bottom can fall out of your game, your schoolwork, your job, whatever youβre doing.
I would rather earn 1% off a 100 people's efforts than 100% of my own efforts.
My dad told me, 'If you're going to go out there and play baseball, or you're going to play basketball or football, work hard at it no matter what. I want you to have fun with your buddies, but you have to put in the time because this is your craft.' He didn't just want me to be good. He pushed me to that next level.
All that matters in business is that you get it right once. Then everyone can tell you how lucky you are.
The key factor that will determine your financial future is not the economy; the key factor is your philosophy.
Victory is much more meaningful when it comes not just from one person, but from the joint achievements of many.
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