Billionaire Warren Buffett has one huge piece of advice to anyone thinking about starting a new business.
Buffet shared his advice with a group of aspiring entrepreneurs at the 20th graduation of the Goldman Sachs “10,000 Small Businesses” program:
“Tomorrow morning when you look in the mirror after you’ve gotten up, just write — in lipstick or whatever you want, on the mirror — just put: Delight my customer,” Buffett said.
Like most of us at the start of our adult lives we wonder how successful we will be and if we will end up as millionaires.
To find out what your likelihood of being a millionaire later on in life is, take this quick quiz.
It will take 5 minutes.
If you view life through the gender wars lens then life is a teeter-totter. If one side goes up the other must come down. You can’t have it both ways. If an employer decides to place a priority on both hiring and promoting females over males, then take a guess as to which side will suffer.
Here is a list of the ten worst offenders when it comes to discrimination against male employees. Each company’s managers are now incentivized through pay to give preference to both hiring and promoting women.
If you are male and serious about your career and life you are ill-advised to seek a job with these employers.
By Shannon Leonard
We’ve written before about how to maximize startup revenues through strategic startup finance and various other strategic initiatives. And to be sure, stretching every bit of capital you have in the early going is a fundamental necessity for any small business just starting out. But finances continue to be challenging for business owners long after the initial startup process, and sometimes this goes unaddressed in pieces of advice for business owners.
Specifically, the idea of what a business owner ought to do with profits once they start coming in is not discussed frequently enough. It can be such a massive undertaking to generate profits in the first place that a lot of people don’t know how to make the most of them once they arrive. As a reminder, “profit” refers specifically to whatever revenue is left after addressing necessary expenses (debts, costs of operation, payments to employees, maintenance, etc.). Often, the temptation is to pocket the profits, given that the ultimate goal of any startup is to earn money.