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It had always made sense to me to build a business based on what people really wanted, rather than guess what we thought they might want.
Michael Dell
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Michael Dell
Age: 59
Born: 1965
Born: February 23
Businessman
Computer Scientist
Entrepreneur
Financier
Houston
Texas
Michael Saul Dell
Might
Guess
Made
Build
Based
Really
Rather
Always
Business
People
Sense
Thought
Wanted
More quotes by Michael Dell
I have no doubt that in the future, wearable devices like Fitbit will know my blood pressure, hydration levels and blood sugar levels as well. All of this data has the potential to transform modern medicine and create a whole new era of personalized care.
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Collaboration equals innovation.
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You don't have to be a genius or a visionary or even a college graduate to be successful. You just need a framework and a dream.
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Anything that can be measured can be improved
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One of the things was to create a kind of amnesty environment.
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From the time I was 7, when I purchased my first calculator, I was fascinated by the idea of a machine that could compute things.
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I always knew I wanted to run a business someday.
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Whether you've found your calling, or if you're still searching, passion should be the fire that drives your life's work.
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I believe that you have to understand the economics of a business before you have a strategy, and you have to understand your strategy before you have a structure. If you get these in the wrong order, you will probably fail.
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We were always focused on our profit and loss statement. But cash flow was not a regularly discussed topic. It was as if we were driving along, watching only the speedometer, when in fact we were running out of gas.
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It's through curiosity and looking at opportunities in new ways that we've always mapped our path at Dell. There's always an opportunity to make a difference.
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If we have 99% [market] share of Ford Company, the question to us is 'How do we improve the customer satisfaction in order to get that additional 1% share?
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I'm a big believer in online communities and in user-generated content.
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By questioning all the aspects of our business, we continuously inject improvement and innovation into our culture.
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One of the things I benefited from when I started this business was that I didn't know anything. I was just instinct with no preconceived notions. This enabled me to learn and change quickly without having to worry about maintaining any kind of status quo, like some of my bigger competitors.
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People ask me all the time, 'How can I become a successful entrepreneur?' And I have to be honest: It's one of my least favorite questions, because if you're waiting for someone else's advice to become an entrepreneur, chances are you're not one.
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Don't spend so much time trying to choose the perfect opportunity, that you miss the right opportunity.
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The speed of the Internet provides a fundamentally different perspective on how business relationships occur ... The approach relies on collaboration, not on competition ... on sharing information, and understanding what we as businesses do best.
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Don’t be afraid to fail. Get out there and experiment and learn and fail and get a rate based on the experiences you have. Go for it and when you go for it you’ll learn what you’re capable of, what the potential is, where the opportunities are, but you can’t be afraid to fail because that’s when you learn.
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If you don't have jobs, it's hard to have other things like health and education.
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