Eliyahu Goldratt Quotes

Good household decision-making often relies on thinking about your household like a firm.

You can't run a €10 million business the way you run a €1 million business.

Economy consists in a due and proper application of the means afforded according to the ability of the employer and the situation chosen; care being taken that the expenditure is prudently conducted.

Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business.

A savvy entrepreneur will not always look for investment money, first.

Innovation requires resources to invest, and you can see many companies pulling back and going into an intense protective mode in a major extended period of financial distress.

Making new products is an easy tap for a company in a recession.

If you don’t balance your budget in business, you go out of business.

Executives need ample flexibility to respond to the market. That means both reducing costs and increasing innovation.

In the private sector, you have a budget and you stick to it.

I can't tell you how many board meetings I've been in where the CEO is anguished over the impacts on morale that cost cutting or layoffs will bring about. You know what hurts morale even more than cost-cutting and layoffs? Going out of business.

I feel like a lot of entrepreneurs hear all this talk about profitability and realize they need to lower their burn. So, they just start chopping off perks and people.

We are ready to say that we rule the entire Elgin enterprise as irrelevant to the present.

It's not wise to limit firms' expansion projects. Let us only be limited by the market.

You can make a lot of mistakes and still recover if you run an efficient operation. Or you can be brilliant and still go out of business if you're too inefficient.

A business like an automobile, has to be driven, in order to get results.

Because Tom Doherty and people like that are not stupid. If they could have streamlined their operation more to get more money out of it, they would have done it. It's not like they're a bunch of idiots.

When you start a business, go for the lowest hanging fruit.

Business is all about risk taking and managing uncertainties and turbulence.

And with the money from your corn, from your rents, and from the issues of pleas in your courts, and from your stock, arrange the expenses of your kitchen and your wines and your wardrobe and the wages of servants, and subtract your stock.

Budgets are blueprints and priorities.

Our ultimate goal is to stay in business. We are not here with a specific plan. That's kind of how our entire career has evolved. We will figure things out as we go along.

I know how to make stuff happen, how to create wealth, create jobs, create investment.

A well-managed business will have a high return on invested capital. But that's a consequence. It's not a way to manage a business.

I can tell you that when you're counting every penny, knowing that you are a single bad decision away from bankruptcy, you inevitably lose focus on what really matters for your business.