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Tags: inspiring | ceo | quotes | business | finance | entrepreneurs

Inspiring CEO Quotes on Business Finance for Entrepreneurs

Inspiring CEO Quotes on Business Finance for Entrepreneurs
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By    |   Monday, 23 October 2017 07:06 AM EDT

Quotes from successful CEOs’ are like principles of business management. They are inspiring and motivating especially to entrepreneurs who are aspiring to build their own business empire.

Here are some quotes from successful CEOs on finance that will inspire you;

  • Vision Precedes Profit Maximization

The goal of every business is to make profit at the end of the day. But according to these CEOs, there is a certain condition to meet that makes profit making so easy.

"To be truly successful, companies need to have a corporate mission that is bigger than making a profit." ―  Marc Benioff, CEO of Salesforce

“My goal was never to just create a company. A lot of people misinterpret that, as if I don't care about revenue or profit or any of those things. But what not being just a company means to me is not being just that ―  building something that actually makes a really big change in the world.” ― Mark Zuckerberg of Facebook.

“When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work – the most you will make is 5 dollars.”― Idowu Koyenikan, Wealth for All: Living a Life of Success at the Edge of Your Ability

We all know that making profit in business is difficult. If it were easy, there would be no case of business failure. In order to maximize profit, don’t make it the first priority. Instead, have a big and realistic vision that will take the world by storm; then the rest will be history.

  • Money Management

Many entrepreneurs struggle when it comes to money management. This has resulted to dreadful cases of business failure. These quotes can actually help you if you’re struggling to manage your money;

“Just because you can afford it doesn't mean you should buy it.” ―  Suze Orman, television host, financial adviser, and best-selling author

“Beware of little expenses: a small leak can sink a great ship.” ―  Benjamin Franklin, one of the Founding Fathers, inventor, diplomat, and the author of The Way to Wealth.

“Beware of impulse spending and say No to compulsive shopping and eating. Be a savvy shopper to get the best deals on whatever you buy. Be accountable and self-disciplined to have meaningful savings and investments ―  Vimal Lalani, CEO of Deal on the Web

“If money management isn't something you enjoy, consider my perspective. I look at managing my money as if it were a part-time job. The time you spend monitoring your finances will pay off. You can make real money by cutting expenses and earning more interest on savings and investments. I'd challenge you to find a part-time job where you could potentially earn as much money for just an hour or two of your time.” ― Laura D. Adams, Money Girl's Smart Moves to Deal with Your Debt

  • Diversified Income

Dorie Clark, a marketing strategist, an adjunct professor of business administration at Duke University's Fuqua School of Business said "Everybody knows if you have money, you shouldn't invest it all in one stock. Everybody knows that's a bad idea. You need to diversify there.

"That's certainly true for entrepreneurs, but even for people who work inside a company, cultivating a side income stream of some sort ― whether it's having an Etsy store on the side, or doing a little bit of coaching or having a workshop now and then, whatever it is, doing a little bit of paid speaking ―  having that sideline gives you additional protection against uncertainty and also has a lot of other benefits.

As important as multiple income streams is; one needs to be careful. Roger James Hamilton, founder of the Entrepreneurs Institute argues that “too many streams of income can lead to a loss of focus, which can eventually lead to a loss of money. Starting many streams at the same time is like trying to push many balls up a hill at the same time: You may get started, but you end up losing your focus and your time. Success comes from growing teams, not streams: multiple teams of income.”

In conclusion, entrepreneurship is like a lifelong education. It never stops and you can’t to know it all. Always cultivate the habit of learning from the wisdom of successful CEOs. So you can avoid the mistakes they made and achieve more than they did.

Richard Agu is a Researcher, Entrepreneur and Freelancer, passionate about entrepreneurship and self-development. Currently, Richard writes for Entrepreneur.com, Goodmenproject.com, among others. Follow him on Linkedin.com by clicking here now.

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Quotes from successful CEOs' are like principles of business management. They are inspiring and motivating especially to entrepreneurs who are aspiring to build their own business empire.
inspiring, ceo, quotes, business, finance, entrepreneurs
Monday, 23 October 2017 07:06 AM
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