There is only one way to make a great deal of money; and that is in a business of your own.
Interpretation
Building your own business is the most effective way to achieve significant financial success.
J. Paul Getty emphasizes that the most reliable path to substantial wealth is through entrepreneurship. Owning a business not only allows greater control over financial outcomes but also the potential for success that comes from innovation and personal investment in one's endeavors.
In practice
In a motivational speech about entrepreneurship.
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.
To succeed in business, to reach the top, an individual must know all it is possible to know about that business.
The world was not supportive. They look at me as a joke for 13 to 14 years until I could prove feasibility; then I had competitors. Those that laughed at me became my competitors.
Ryder Cup, Presidents Cup, whatever it may be, is maybe the most fun couple weeks we have a year, but I love being able to control my own destiny. The work that I am able to put in ahead of time was either going to come out and I was going to be successful with it, or I was going to try and fail and learn how to succeed the next time.
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.
If you're just saying, hey, I'm doing this. I'm working to make money. I'm working to increase my status. If that's all there is, I think you will find out that it's meaningless.
Focus is scary—until you realize that it only means turning your back on markets you could never have anyway. Sharp focus on jobs that customers are trying to get done holds the promise of greatly improving the odds of success in new-product development.
When I was playing before I retired, I never really understood the appreciation and the respect that people gave me. People had treated me like a god or something, and that was very embarrassing.
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