Dave Ramsey Quotes

Like any small business owner, I experienced the pressures of building a company from the ground up - developing a business plan, balancing the books, meeting payroll and building a customer base.

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

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.

When I was starting a small printing shop in Wembley, I vividly remember coming out of the cinema, realising I had spent the two hours worrying about that month's payroll, rather than focusing on the film.

Business is all about learning to balance the short-term, medium-term and long-term and I think it's when things are going well it covers up a lot of mistakes and bad decisions because you're growing so quickly.

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.

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

I didn't realize how hard it was to run a small business.

Most people end up owning a business by accident. Therefore, they don't usually have a thought process and a strategic plan in place.

People must be realistic when evaluating their business.

Start a small business, borrow money from your parents if you have to.

Like all small-business owners, I know what it's like to take a risk on an idea, manage cash flow, navigate regulations and tax laws, and create jobs.

For over forty years, I've been one of the most passionate believers in entrepreneurs. From day one, I've learned that too many small businesses are predicated on business models that the owner barely understands, and then, those same men and women are baffled when their business dreams are overwhelmed with struggles they never foresaw.

The best thing we can do to help small-business owners succeed is cut spending.

It's an error in judgment to bounce into starting a small business before you cash in on building a strong foundation.

Cash flow is a problem for a small and developing company, and the lack of it is the reason why many small businesses fail. Ensure that you have enough money in your bank account to make you able to carry out daily basic needs for your business.

The statistics for investing in small businesses are such that the vast majority fail.

A lot of people ask, 'How did you start the business, and how did you do it money-wise?' And the truth is that I had three jobs. A day job, an evening job, and then designing my collection as well. That's just how we did it.

I'm sensitive to the resources needed by a small business to get started and keep going.

We're so used to financing things on our own that we always have a plan in place to sort of scale our ideas.

A thoroughbred business man cannot enter heartily upon the business of life without first looking into his accounts.

The thing I preach constantly is do your research; build your knowledge base. Don't just go into business on a whim or a prayer - and don't think 'I'm an entrepreneur so I have to take risks'. Entrepreneurs don't take risks. They take calculated risks; only the good ones.

Any business you go into, you have to think about how much money you are willing to put into it, and how much you are not.

Everything takes longer and costs more.

I think that's something that investment banks have worried about for a long time and are continuing to worry about, but it's not an easy solution when you have lots of people betting the company's money, how do you really allocate those risks? How do you make sure that the people that take the risks are feeling the risks in an appropriate kind of fashion?