Richard Branson Quotes

Think about last time you were broke ... now how well did it go with spending your way out of it? Did that work?

Solvency is entirely a matter of temperament and not of income.

Managing and navigating through a financial crisis is no fun at all.

I take great pride in having been able to overcome the Asian financial crisis and seeking the opportunities available to bring about an unprecedented growth in the economy.

With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.

I think for any small business that's bootstrapped, the overwhelming challenge initially is getting to positive cash flow.

Cash in must exceed cash out.

When we run out of money, we have to start thinking.

The main thing during a crisis is discipline, to begin investing in time again after the crisis subsides.

Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult.

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

Ty Tryon made a lot of money after turning pro, but he might not have been ready. I don't want to make a lot of money for a couple of months and then not be ready.

Not having a country with a financial crisis in the year is a pretty big deal to me. But something that didn’t happen is not something that people will focus on.

it is easier … to stave off adversity than to preserve prosperity.

Hard work, careful planning, and realistic financial advice will be required by many to regain solvency.

Donald J. Trump has the good fortune of taking office as the economy is finally recovering from the 2008 crisis.

I don't have a mortgage or kids, so I can lie low and tighten my belt if I need to.

First, you should take money and have plenty of money fueling your tank. But money becomes dangerous if you assume it's going to keep coming. Make sure you can get your burn rate to a sustainable level if you hit the brakes hard, within 90 days.

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.

The key to survival is that when times are good you don't forget where you came from and you don't build crazy overhead just because you can. You live like you are going out of business every day and it makes you healthy.

You can survive your income falling if it's not dramatic. Your income can decrease for a long time before you start living beyond your means.

One thing I never thought about in my big-company job? Cash flow. When your business has billions of dollars in revenue, you can make a lot of mistakes and still have a viable business. But in a startup, make a few hiring mistakes, and you can find yourself in real jeopardy fast.

I know what it feels like to hit financial turmoil, to be hit with the threat of losing your home. I kept working, I kept looking for resources to improve my situation.

I think a lot of entrepreneurs think they need money to build the business faster when they actually haven't figured out the business equation yet.