There is only one way to make a great deal of money; and that is in a business of your own.
Interpretation
Building your own business is the most effective way to achieve significant financial success.
J. Paul Getty emphasizes that the most reliable path to substantial wealth is through entrepreneurship. Owning a business not only allows greater control over financial outcomes but also the potential for success that comes from innovation and personal investment in one's endeavors.
In practice
In a motivational speech about entrepreneurship.
Today's dissenters mainly focus their attention and expend their energies on the most inconsequential of trivia. ...Allegedly serious intellectuals quibble endlessly over such ridiculous trivialities...In the meantime, the public is lulled into a perilous somnolence, spoon-fed pap, and palpable untruths, many of which are turned out by special-interest and pressure groups and well organized propaganda machines.
You must not only learn to live with tension, you must seek it out. You must learn to thrive on stress.
In times of rapid change, experience could be your worst enemy.
The #1 guideline to success is you must be in business for yourself. When you work for someone else, you sell your time at wholesale to your employer, who then re-sells it at retail to the customer.
Patience; this is the greatest business asset. Wait for the right time to make your moves.
To succeed in business, to reach the top, an individual must know all it is possible to know about that business.
A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
Money will always flow toward opportunity, and there is an abundance of that in America.
To achieve, you need thought. You have to know what you are doing and that's real power.
Once you know what you want and what is important for you to achieve, also define the values associated with it. What is important? That is something a lot of entrepreneurs pass by too quickly. For us, the things that were important were, No. 1, customer success. Nothing is more important to us than making sure every customer is successful in our service.
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
When I talk about a successful program, define that. It's not just winning the national championship every year because nobody can do that.
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