Making a million dollars is the simplest thing in the world. Just find a product that sells for $2,000 and that you can buy at a cost of $1,000, and sell a thousand of them.
Admire a small ship, but put your freight in a large one; for the larger the load, the greater will be the profit upon profit.
The wool of a thousand sheep in good pasture at the least ought to yield fifty marks a year, the wool of two thousand one hundred marks, and so forth, counting by thousands.
It's very difficult to run a business when you're buying something for $5 and selling it for $10.
It's fine to do movies and say, 'We made big grosses,' but you've got to go back and ask, 'How much did it cost?' and 'Where do you make your profit?'
Remind people that profit is the difference between revenue and expense. This makes you look smart.
32 grams raw, chop it in half, get 16. Double it times three, we got 48. Which mean a whole lot of cream. Divide the profit by four. Subtract it by eight. We back to 16.
A merchant is someone who figures out how to select, how to smell, how to identify, how to feel, how to time, how to buy, how to sell, and how to hopefully have two plus two equal six.
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.
