Angelica Ross Quotes

I'm not saying M.B.A.s can't be great entrepreneurs. They can. But you don't need a degree to figure out it's costing you $5,000 per month to run your business, so you need $30,000 to keep it going for six more months.

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

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

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.

You have to manage money. Particularly with market economies. You may have a great product, but if your bottom line goes bust, then that's it.

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

The Profit and Loss Statement tells you a lot about how your business is doing. It can also help you to determine ways that you can go about saving money so that you get to bring more money home! Basically, the P&L statement measures all of your income sources verses all your business expenses for any given period of time.

Control your expenses better than your competition. This is where you can always find the competitive advantage.

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.

Remember, if your business isn't making money, then you and your employees aren't, either.

I'm used to always having struggles getting finances together and keeping precarious budgets alive in the independent film world.

Q1 is the easiest quarter to make. If you miss your Q1, regardless of the type of revenue you have, you aren't going to make your revenue plan for the year because your budget process isn't accurate.

Most entrepreneurs come up with a product, or they come up with an idea and they think they can be successful with it. But if they don't know the financial side of their business and understand credit and working capital and what it takes money-wise, you can't be successful. The product is just a product.

The first aspect of a business that you need to make it work well is money. Once the money aspect is flowing, you can freely work on other aspects.

I took business and economics courses. More than anything, I learned the proper steps and the things that need to be outlined. You have to keep your books: how much money you made, how much money you're spending, what you profited, and what you're gonna need for expenses.

A small business can survive for a while without making a profit, but if its cashflow dries up, the impact is fatal.

If you run a business, and I see F1 as a business, if you have to go back every five weeks saying 'oh, I need another two million', it gets old pretty quick. Then the trust is lost.

For resourceful tech founders, finding capital is rarely a problem; making the best use of it is another story. A few years slinging pepperoni pies and chicken wings - on tiny margins and with minimal investment - might not be the worst fiscal training.

No matter what business you're in, business is business, and financing and money are critical. I would have made a lot fewer mistakes if I had more schooling in that area.

People follow proven formulas in any business.

Even though I'm a hype man myself, I like the practicality of it all. People who understand how to turn a profit. At the end of the day, this is still business so I'm looking for real practical knowledge of how to actually make money, not necessarily raise it.

I've never been good in the financial and business arenas. I handle the creative side of things.

You have to go broke three times to learn how to make a living.

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.

We still spend more time chasing funds than we do in the studio in creative work.