Sam Walton Quotes

There is never a time in a company's history when cost control can be relegated to the back burner, but for a startup company, keeping costs low is a vital necessity.

If a manager can't control his costs, fire them.

The key, I think, from a business point of view, is to learn how to be efficient in making a record that's not too expensive, so that you're not going crazy spending tons of money making a product that might not ever return that money.

You know what kind of companies generally survive? Companies that make more money than they spend. I know, duh, right?

To be successful in business, you have to be ruthless.

If you put on your business hat, you can't maintain competitiveness by staying at a competitive disadvantage. I mean, you just can't. The odds are just not in your favor.

I know I'm in the exceptional position of having money, but I didn't have it for many decades. I'm always trying to get shows put on for 25 per cent less production costs.

Can there not be a limit to the fact that really you need to cut your cloth in accordance with what capabilities and finances you have?

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.

When a project has an ample budget, I am interested now in using bigger units of materials.

The key to building a sustainable content company is to control costs.

Use the same measure for selling that you use for purchasing.

Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity, and correspondingly stronger returns on invested capital.

People must be realistic when evaluating their business.

Competition is the keen cutting edge of business, always shaving away at costs.

The one thing I don't do, that helps make me successful, is I don't rob Peter to pay Paul. All of my businesses have to stand on their own.

Manage your spending by creating and sticking to a budget.

The considerations of a corporation, especially now, have nothing to do with art or music.

Know the difference between your necessary and discretionary expenses.

Whether you're managing the finances for a household of one, a business of a thousand, or a government of several hundred million, there's no more important statement of fiscal intent you can make than putting together a responsible budget - one that acknowledges its available means, and makes a reasonable attempt to live within them.

Cost reduction and cost control are by their very nature sort of anti-social activities.

Budget drives everything that we do.

Our wage freeze was vital to keep wages competitive with rival companies. I always try to communicate to our people that we can never make enough money. We can never make enough profit.

I'm always a fan of good business moves.

I've made a payroll. I know what it's like to execute a business plan. I know what it's like to expect the proper return on investment... and I know you can't spend your way out of debt.