“Assign each new hire to read a book and write a one-page report so you can see how serious they are about working there.”
Quote Topic: Business Quotes
Patrick Bet-David on IT Project Realities
“IT projects almost always take longer and cost more money than you expect.”
Patrick Bet-David on Client Trust Quote
“You can shear a sheep a hundred times, but you can skin it only once.”
Patrick Bet-David on Cash Flow Before Expansion Quote
“You can’t build a world-class headquarters or license the slickest software until you have cash flow.”
Patrick Bet-David on Learning from Defeat Quote
“Every master, both in chess and in business, learns more from studying the moves that led to defeat than the ones that led to victory.”
Patrick Bet-David on Systems vs. One-Time Fixes
“A solution is a one-time fix that requires you to keep reinventing the wheel and puts you in a reactionary place. A system is duplicatable.”
Patrick Bet-David on Shifting from Solutions to Systems
“Shift your thinking from ‘We need a solution for that’ to ‘We need a system for that.’”
Patrick Bet-David on Strategic Adaptability
“Effective strategy is about making a move and being prepared to launch another series of moves based on how the market or your competition reacts.”
Patrick Bet-David on Leverage in Negotiations Quote
“The person who really has the leverage is the person who needs the deal the least.”
Patrick Bet-David on Business Independence Quote
“The less your business depends on you, the more valuable it is. The more your business depends on you, the less valuable it is.”
Patrick Bet-David on Leveraging Strengths for Advantage
“It’s so important to know your own strengths and weaknesses and find a market in which you have an inherent advantage.”
Patrick Bet-David on Acting Like a Great Company Quote
“In other words, I realized that for IBM to become a great company it would have to act like a great company long before it ever became one.”