Explore Powerful and Inspirational Quotes

Working With Family

Working with family is extremely difficult. They see the relationship at every point in time, and it’s hard to separate being a father from being a partner or employee. But when someone is tough on you, it’s not personal - it’s about the greater purpose, the company.

Master Your Costs

Cost management is key to everything. It's not about how much you sell it for - it's about how much you buy it for. If you can manage your cost, you can sell in any condition.

It's Very important to motivate your team to work.

Proximity Is Power

You have to be in the right place. Look at the cars around: Ferrari, Ferrari, McLaren. Location - when already rich people are here. Proximity is power.

Read the books. I didn't read enough — that's why I left the Forbes list.

Vendor Financing

Go and work for a big company for two or three years. Then go work for a smaller entrepreneurial company. After five or six years, go negotiate with somebody retiring: 'I'll buy your business, and I'll pay you over three or four years out of the future profits.' Lower risk than starting from scratch - using their money. That's called vendor financing.

A Responsibility to Give Back

I believe in giving back and paying taxes. I don't believe in running off and living in a tax-free environment. Billionaires should pay their taxes.

Let other people run the day-to-day so you can focus on the vision, the growth, and the business development.

Focus on What You Do Best

Forget the stuff you're bad at. Focus on the things you're really good at, and hire other people to do the rest.

Who has a not-to-do list?

Everybody has a to-do list. But if you ask, "Who has a not-to-do list?" almost nobody does. I've learned that a not-to-do list is more important than a to-do list.

Evolution, not revolution

There is a role for revolution right at the start of a business, but thereafter, keep evolving - or end up like Blockbuster, Nokia, and Yellow Pages.

Go global with locals

You can't send a Brit to America, you can't send an American to Britain. You've got to hire a local to head up your business, otherwise you won't be taken seriously.

The hardest step for any entrepreneur: hire your replacement. Hire somebody better than you to run the day-to-day business.

Get a coach and a mentor - it's really important to learn from others.

Focus Like a Hedgehog

Entrepreneurs are all foxes - always looking for the next opportunity. You need to be a hedgehog: moving in a methodical direction. When a harebrained idea comes along, put up your prickles, ignore it, and keep going with a simple, clear model without distractions.

Copy, Then Conquer

Copy a business model. We’re taught at school that copying homework is bad, but in business: copy and improve slightly. Don’t reinvent the wheel.

Close to Opportunity

Proximity is power. The faster you can follow the money, the quicker you're going to get to it.

Opportunity and Choice

Being poor is a choice, guys. We were all given abilities to go out there and create wealth and abundance for ourselves - whether it's getting a job or starting a business.

Being Broke Is a Choice

The fact that they're broke is a choice. Not everybody, but for the majority, it's a choice, because you're born with the same hands, feet, legs, eyes as everybody else.

You can't hack taxes. Try to hack taxes, and you're going to jail. It's not worth it. There are expenses - a lot of people don't realize what their day-to-day life is: an expense.

Everything is a lesson

You can't regret anything in life. Everything is a lesson. It makes you a better person.

Level Up for Them

Turning point for me is when I had my son and I thought, "I need to level up. I need to set an example." And now I've got a daughter, I'll do it even more.

The Price of the Prize

You wouldn't get to where you want to get to without going through it.

Your Word Is Your Currency

Word is everything. I won't deal with somebody the minute they've broken their word and have done nothing to compensate. You've got to stand on business.