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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.
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
Along
Cash
Fact
Statements
Running
Driving
Discussed
Facts
Profit
Topic
Always
Focused
Regularly
Watching
Topics
Flow
Gas
Loss
Statement
More quotes by Michael Dell
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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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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If you don't have jobs, it's hard to have other things like health and education.
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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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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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There's always an opportunity to make a difference
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Recognize that there will be failures, and acknowledge that there will be obstacles. But you will learn from your mistakes and the mistakes of others, for there is very little learning in success.
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There is no better catalyst to success than curiosity.
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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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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.
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You just have to change. To be successful, what you have to do is have an acceptance of risk and you have to be pretty explicit about that, because if you don’t accept risk, you don’t get any innovation. And that means part of risk is you have to accept failure because not everything works.
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We've found that customers are very open. They'll tell you what's going on, what's working and what's not. They're looking for help.
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There are a lot of things that go into creating success. I don't like to do just the things I like to do. I like to do things that cause the company to succeed. I don't spend a lot of time doing my favorite activities.
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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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I had to give it a full go and see what happened.
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I'm pretty active anyway, but I'm also competitive.I used my Fitbit as an example of the innate power of data to turn information into insights and actions.
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The idea of being all things to all people is a thing of the past.
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One of the things was to create a kind of amnesty environment.
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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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Don't spend so much time trying to choose the perfect opportunity, that you miss the right opportunity.
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