Quote

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
Watching
Topics
Flow
Gas
Loss
Statement
Along
Cash
Fact
Statements
Running
Driving
Discussed
Facts
Profit
Topic
Always
Focused
Regularly

More quotes by Michael Dell

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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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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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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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There is no better catalyst to success than curiosity.
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I always knew I wanted to run a business someday.
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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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I had to give it a full go and see what happened.
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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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Americans are known for their strength, fortitude, and generosity in times of need. We encourage people in the U.S. and everywhere to give with their hearts, reach out to these victims, and donate what they can to the relief efforts.
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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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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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By questioning all the aspects of our business, we continuously inject improvement and innovation into our culture.
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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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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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Collaboration equals innovation.
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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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If you don't have jobs, it's hard to have other things like health and education.
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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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The idea of being all things to all people is a thing of the past.
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