Myth: Bail-in plans would recapitalize big banks. Fact: big banks are far too insolvent to remotely be in a position for such restoration.
If everybody followed the rules, nothing would ever change. Without change there would be no progress.
Listen to what people say when they are mad, that’s when the truth comes out.
Time is a currency you can only spend once.
Excuses are useless. Results are priceless.
When life gives you lemons, order the lobster tail.
We’re taught by repetition but great innovators need to be great at doing the different.
Earning an education is not the same as gaining a skill set.
Challenge conventional wisdom. There is almost always a better way.
Maturity comes with experience, not age.
It’s not rocket science. Hong Kong has 95% tax compliance, because it’s code is only 4 pages long with a 15% flat tax.
Money is a tool that can either fix or damage your life. Use it wisely.
I believe the best gift you could ever give a woman is your time.
Seek respect, not attention. It lasts longer.
Nobody wants a sales pitch. So instead of trying a hard sell, focus on telling a story that captivates your audience by painting a vivid picture of your vision. When you get good at storytelling, people want to be part of that story, and they’ll want to help others become part of that story too.
It’s one thing if a mistake occurs because of circumstance or a miscalculation or the unexpected or inexperience; it’s another if it’s part of a pattern of carelessness or ineptitude or laziness. Then it becomes a choice.
Just as no two entrepreneurs are alike, there is no one-size-fits-all start-up.
Too often entrepreneurs are reactive to the challenges inherent when building a company... the most successful founders are proactive.
The key to most start-up successes is seeing a need and filling it.
Growing a company is a marathon that requires patience, dedication, knowledge, good decision-making, vision, and the ability to see the big picture.
If you make a mistake, don’t spend precious time and energy trying to deny it or point the finger at someone else. Be a leader and own it, then spend your time and energy fixing the problem. As I’ve already noted, start-ups often fail because founders want to be seen as the smartest person in the room, which means not being wrong. Making a mistake is going to happen. None of us is perfect. But the difference between success and failure is how you handle that mistake.