The best client is a scared millionaire.
Interpretation
This quote suggests that wealthy clients are often the most cautious and discerning, which can be beneficial for service providers.
H. L. Mencken's quote implies that a client who has immense wealth yet feels a sense of fear or caution is likely to be the most valuable one. Such clients typically have the resources to invest significantly but are wary of risks, making them meticulous in their choices. This can lead to a stronger, more thoughtful business relationship where the service provider must meet high standards to earn their trust.
In practice
This quote could be used in a business meeting to emphasize the importance of understanding wealthy clients' concerns.
I know a good many men of great learning-that is, men born with an extraordinary eagerness and capacity to acquire knowledge. One and all, they tell me that they can't recall learning anything of any value in school. All that schoolmasters managed to accomplish with them was to test and determine the amount of knowledge that they had already acquired independently-and not infrequently the determination was made clumsily and inaccurately.
It takes a long while for a naturally trustful person to reconcile himself to the idea that after all God will not help him
It is the theory of all modern civilized governments that they protect and foster the liberty of the citizen; it is the practice of all of them to limit its exercise, and sometimes very narrowly.
The central belief of every moron is that he is the victim of a mysterious conspiracy against his common rights and true deserts.
The cure for the evils of democracy is more democracy.
It is my conviction that no normal man ever fell in love, within the ordinary meaning of the term, after the age of thirty.
If customer ignorance is a profit centre for you, you're in trouble.
Not adding value is the same as taking it away.
Conscious means "having an awareness of one's inner and outer worlds; mentally perceptive, awake, mindful." So "conscious business" might mean, engaging in an occupation, work, or trade in a mindful, awake fashion. This implies, of course, that many people do not do so. In my experience, that is often the case. So I would definitely be in favor of conscious business; or conscious anything, for that matter.
My concern is that we live in an economy in which stabbing someone and waiting for them to complain before we remove the knife has become the normal way of doing business. When did we lose sight of the fact that it's not nice to stab people in the first place?
Competition should not be for a share of the market-but to expand the market.
There's a fundamental distinction between strategy and operational effectiveness.
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