You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine.
Jay SamitRead
Building a career or a company is about living a few years of your life like most people won't so that you can spend the rest of your life living at a level most people can't.
Interpretation
Success often requires short-term sacrifices for long-term rewards.
This quote emphasizes the importance of making sacrifices and putting in hard work during the initial stages of one's career or business. By enduring the challenges and struggles that most people shy away from, one can eventually achieve a level of success and freedom that is unattainable for those who choose to play it safe.
In practice
During a motivational speech at a business conference.
You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine.
As counterintuitive as it sounds, 'speed to fail' should be every entrepreneur's motto. Success isn't born wholly-formed like Venus from a clamshell; it's developed through relentless trial and error.
With rare exceptions, all of your most important achievements on this planet will come from working with others- or, in a word, partnership.
I want to say to the people, if I am a star, the people made me a star. No studio, no person, but the people did.
I won at every level - all the way since I started playing the game of basketball at nine. I've won at every level, won championships at every level. And, you know, it won't be fulfilled until I win at the highest level.
I had noticed that many of these successful people, historical and contemporary, shared certain common traits. They had a way of thinking that was exceptionally fluid; they could adapt to almost any circumstance; when confronted with problems, they could look at them from novel perspectives and solve them.
Number one, cash is king... number two, communicate... number three, buy or bury the competition.
Good luck is when opportunity meets preparation, while bad luck is when lack of preparation meets reality.
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