Benjamin Graham Quotes

Growth is the mantra of our society because the economy can't remain healthy without growth.Impregnable monopolies aside (and these are few), profits are both the hallmark of capitalism and its Achilles heel, for no business can permanently maintain its prices much above its costs. There is only one way in which profits can be perpetuated; a business-or an entire economy-must grow.

Growth does not always lead a business to build on success. All too often it converts a highly successful business into a mediocre large business.

The Godrej group is expanding rapidly. However, we are not diversifying much.

We've become so successful that it's become a machine: There's a lot of people relying on you. You've got 100 people out on the road and working for you. You want to stay at the top.

As long as our quality and company continue to get better, by nature, we will get bigger.

Our growth has been very fast but in every place we've gone, we've achieved great success.

As Looker got larger, the talented people we hired started to see things that we couldn't. And what had looked like a company the three of us could run out of our houses for a few hours a day became something bigger. Much bigger.

Ultimately, growth is essential for increasing a company's value.

In order to grow at this pace, there will have to be a couple of acquisitions along the way. The tricky thing is to grow at this rate and maintain a 40 percent operating margin.

When the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities.

When a small business grows like eBay did, it has a multiplier effect. It creates other small businesses that supply it with intellectual capital, goods and services.

When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.

You can invest to create the new growth business while the core business is still growing, because new business units don't need to get big fast. But when the core business stops growing, investing to create new growth businesses becomes impossible.

Not one of the good-to-great companies focused obsessively on growth.

Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses

Sustainable growth is characterized by one simple rule: New customers come from the actions of past customers.

A company should limit its growth based on its ability to attract enough of the right people.

Having a company that's successful is a wonderful platform to do new things. You don't have to raise money for it; you can take profits from the company and pump them into new business.

The healthier a new venture and the faster it grows, the more financial feeding it requires.

You want to grow. To compete effectively - - even if you weren't going to grow, just to maintain your position - - you look at who you're competing with. And everyone you're competing with is changing to get better, sometimes dramatically.

If we get better our customers will demand we get bigger.

Only two things grow for the sake of growth: businesses and tumors.

I have also made this a point in our company: We need to stop taking baby steps and start thinking globally. It really seems to be helping.

As you start the company, you start spending spending spending ahead of revenue but then you come out of it and very quickly you should become a company that spends less than it makes. And what I mean by very quickly, is that window of time should be in that 6 to 8 year time frame. And the reason is because if you build your business model correctly it's almost unavoidable.

The franchise and the virus work on the same principle, what thrives in one place will thrive in another. You just have to find a sufficiently virulent business plan, condense it into a three-ring binder ― its DNA ― Xerox it, and embed it in the fertile line of a well-traveled highway, preferably one with a left turn lane. Then the growth will expand until it runs up against its property lines.