Stephen Saad Quotes

Would I advise early-stage companies against taking debt? One hundred percent yes.

If you're running a business for the long term, the last thing you should be doing is borrowing money to buy back stock.

But NESV has always had debt from the first day we purchased the Red Sox. We have some partners who look at Internal Rate of Return (IRR) and almost demand that we have debt as a consequence.

The most important word in the world of money is cash flow. The second most important word is leverage.

Business is other people's money.

One, I love the creativity. I love the ability to create a capital structure that is appropriate for a company, no matter what field it happens to be in.

My major task was to keep us solvent.

You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done.

With the world changing fast, we needed capital for investments. There's only so much bandwidth in your own balance sheet.

May the debt of the United States be discharged with speed and punctuality; and let not the people be deceived, by having the funds, established for that purpose, put to other uses.

Capital structure isn't an eyeshade economic thing: It's about your ability to protect your workforce and your service levels.

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.

Banking gives you a glimpse into what makes companies succeed and what makes companies fail.

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.

American capitalists, enthralled by the doctrines of finance, have put their income statements in service of the balance sheet.

The best way to deal with the deficit is through economic growth.

I have a business manager and a book-keeper who deals with our household bills. My husband and I sit down with her for a weekly report on how much money is going out, but I'm not terribly interested, and I don't have the patience for it.

I'm a cash flow guy. If it doesn't make me money today, forget about it.

The transaction cost approach maintains that some projects are easy to finance by debt and ought to be financed by debt. These are projects for which physical-asset specificity is low to moderate.

There are but two ways of paying debt—increase of industry in raising income. increase of thrift in laying out.

We have to make debt evil.

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

The reason we vote on the debt ceiling is to pay for past spending. It has nothing to do with what we are going to spend. What you are really saying is “I’m sorry, I am so mad that I don’t want to pay my past debts.”

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

I don't think there is anything unusual about a business losing money in certain years.