Fundamentally, the basis of all modern progress is the efficiency of labor. And the only sure road to restored prosperity is through the thrift and hard work of our people as a whole.
Charles M. SchwabRead
A man to carry on a successful business must have imagination. He must see things as in a vision, a dream of the whole thing.
Interpretation
Imagination is essential for achieving business success and realizing visions and dreams.
This quote emphasizes the importance of imagination in business success. Charles M. Schwab suggests that to thrive in a competitive environment, a business leader must envision their goals and ideas as if they were already realized, allowing them to make strategic decisions and inspire others to work towards that vision.
In practice
This quote can be used in a business seminar to inspire entrepreneurs to harness their creativity.
Fundamentally, the basis of all modern progress is the efficiency of labor. And the only sure road to restored prosperity is through the thrift and hard work of our people as a whole.
To my mind, the best investment a young man starting out in business can possibly make is to give all his time, all his energies, to work - just plain, hard work.
We hear much of Bolshevism, much of labor unrest; at times, we hear the word 'revolution.' But these are but contagious diseases in the body of civilization, and I believe that the antitoxins of good cheer, mutual confidence, fairness and justice will ultimately cure these ills and make the world healthy and strong again.
Lead the life that will make you kindly and friendly to everyone about you, and you will be surprised what a happy life you will lead.
There is nothing a worker resents more than to see some man taking his job. A factory can be closed down, its chimneys smokeless, waiting for the worker to come back to his job, and all will be peaceful. But the moment workers are imported, and the striker sees his own place usurped, there is bound to be trouble.
When a man has put a limit on what he will do, he has put a limit on what he can do.
It has been just so in all my inventions. The first step is an intuition-and comes with a burst, then difficulties arise. This thing that gives out and then that-"Bugs"as such little faults and difficulties are called show themselves and months of anxious watching, study and labor are requisite before commercial success-or failure-is certainly reached.
You need three things to become a successful novelist: talent, luck and discipline. Discipline is the one element of those three things that you can control, and so that is the one that you have to focus on controlling, and you just have to hope and trust in the other two.
You're constantly trying to prove yourself, even after you've made it.
Couple years ago I was No. 7 and I ended up top. So I kind of like the position that I'm at right now. It's hot.
Failure is the true test of greatness
An open-minded and diverse population that readily shares information, encourages experimentation, accepts failure and dispenses with formality and hierarchy is what makes Silicon Valley the successful hub that it is.
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