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121 " Systemization If you can’t describe what you are doing as a process, you don’t know what you’re doing. —W. EDWARDS DEMING, PRODUCTION MANAGEMENT EXPERT AND PIONEER OF STATISTICAL PROCESS CONTROL "
― Josh Kaufman , The Personal MBA: Master the Art of Business
122 " I think it’s undeniably true that the human brain works in models. The trick is to have your brain work better than the other person’s brain because it understands the most fundamental models—the ones that do the most work. —CHARLES T. MUNGER, "
123 " Every successful business (1) creates or provides something of value that (2) other people want or need (3) at a price they’re willing to pay, in a way that (4) satisfies the purchaser’s needs and expectations and (5) provides the business sufficient revenue to make it worthwhile for the owners to continue operation. "
124 " all affairs, it’s a healthy thing now and then to hang a question mark on the things you have long taken for granted. —BERTRAND RUSSELL, "
125 " The man who grasps principles can successfully select his own methods. The "
126 " The purpose of a customer isn’t to get a sale. The purpose of a sale is to get a customer. —BILL GLAZER, ADVERTISING "
127 " Consciously building Social Signals (discussed later) into your offer is almost always an effective way to increase its appeal to your target market. "
128 " When creating your list of MITs, it’s useful to ask a Self-Elicitation question: “What are the two or three most important things that I need to do today? What are the things that—if I got them done today—would make a huge difference?” Write only those tasks on your MIT list, then try to get them done first thing in the morning. "
129 " According to Pfeffer and Fong’s study, it doesn’t matter if you graduate at the top of your class with a perfect 4.0 or at the bottom with a barely passing grade—getting an MBA has zero correlation with long-term career success. None. "
130 " Clear language engenders clear thought, and clear thought is the most important benefit of education. —RICHARD MITCHELL, AUTHOR OF THE GRAVES OF ACADEME "
131 " If you had to identify, in one word, the reason why the human race has not achieved, and never will achieve, its full potential, that word would be: “meetings.” —DAVE BARRY, COMEDIAN AND NEWSPAPER COLUMNIST "
132 " Finance is the art and science of watching the money flowing into and out of a business, then deciding how to allocate it and determining whether or not what you’re doing is producing the results you want. "
133 " Information is valuable, but it comes at a price: experimentation is sometimes a form of Malinvestment. "
134 " Education is not the answer to the question. Education is the means to the answer to all questions. —BILL ALLIN, SOCIOLOGIST AND EDUCATION ACTIVIST "
135 " instead of friends and family. Your inner circle typically wants you to succeed and wants to maintain a good relationship with you, so it’s likely that they’ll "
136 " Zeal without knowledge is the sister of folly. —SIR JOHN DAVIES, ELIZABETHAN POET AND LAWYER AND FORMER ATTORNEY GENERAL OF IRELAND "
137 " Everyone can be great because everyone can serve. — MARTIN LUTHER KING, JR., HUMAN RIGHTS ACTIVIST "
138 " So often people are working hard at the wrong thing. Working on the right thing is probably more important than working hard. —CATERINA FAKE, COFOUNDER OF FLICKR AND HUNCH "
139 " All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work. —CALVIN COOLIDGE, THIRTIETH PRESIDENT OF THE UNITED STATES "
140 " the only good use of debt or outside capital in setting up a system is to give you access to Force Multipliers "