Steve Blank Quotes

Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.

Accounting was the course that helped me more than anything.

I was always taught that book keeping was more relevant than book reading. The only thing worth reading was meant to be a balance sheet.

Bar owners tend to be social rather than operators. Most bar owners do not manage their numbers. They do not have spreadsheets or reports to manage their budget, cost, or inventory. I would say 90% of independent bar owners do not even have a budget.

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.

Until 'Scrubs,' I didn't have a business manager. I learned everything on my own - and I learned the hard way.

I am a graduate in business management with specialisation in finance, and I love accounts!

Most people don't reconcile their bank accounts.

No business is good when, on the last day of the month, you're like, 'What was the usage for the month?'

Some of the things I think I learned from that were very educational as far as just paying bills - the basics in dealing with a restaurant like that. It was just life - the education involved in running the organization, even on a small level.

For business owners, there are many important documents to learn to read. One of the most important is the profit and loss statement, known as the P&L, and the balance sheet.

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.

It sounds extraordinary but it's a fact that balance sheets can make fascinating reading.

You need a very good financial person to keep you honest, and to keep track of income and outgo.

In 1844, there was a balance of perhaps of a couple of thousand dollars on the cr side.

Landing a million-dollar investment for your startup is exhilarating. But as big as that number sounds, it doesn't go far. Many startups just getting off the ground won't have a CFO to monitor finances. It doesn't take much for spending to spiral out of control.

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.

When I started Netscape I was brand new out of college and all the aspects of building a business, like balance sheets and hiring people, were new to me.

The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality.

Filmmaking is a business and at the bottom line people who don't make fiscally responsible decisions end up going into another line of work.

Companies always have a balance sheet of its assets, but counties do not.

There is double entry bookkeeping in this world, and we have to hear how programs are to be paid for.

Most small-business owners have no financial education when they started. They weren't trained to be entrepreneurs.

I have some classes in accounting, but I don't know anything about accounting. I - you know, when my accountant tells me all the things he does, it's a foreign language to me.

As much as you need to know your operations, if you don't understand the finance side and how to do the business, you're never going to be successful. So you might be the best operator or visionary, but if you don't understand the finance side... I'm successful because I know the finance side, but I also know operations; it's not an accident.