Business Costs Quotes & Sayings

Business and the environment: Wasting resources costs the earth - and lowers your competitive edge — Phil Harding

During the last five years, those four advantages-costs, products, people, goodwill-have been the salvation of Interface during a recession that saw our primary marketplace shrink by 38% from peak to trough-38%! As a heavily leveraged company with over $400 million in debt, we might not have made it without the sustainability initiative and, especially, the support of our customers. This revised definition of success-this new paradigm-has a name: "Doing well by doing good". It is a better way to bigger profits. — Ray Anderson

Growth is the mantra of our society because the economy can't remain healthy without growth.Impregnable monopolies aside (and these are few), profits are both the hallmark of capitalism and its Achilles heel, for no business can permanently maintain its prices much above its costs. There is only one way in which profits can be perpetuated; a business-or an entire economy-must grow. — Robert Heilbroner

Politicians also have a love affair with the 'small business exemption.' Too much paperwork? Too heavy a burden? Not enough time? Just exempt small businesses from the rule. It sounds so pro-growth. Instead it's an admission that the costs of a regulation just can't be justified. — John Sununu

Life is a business that does not cover the costs. — Arthur Schopenhauer

I am convinced that most companies don't maximize their barter possibilities. Instead of aggressively reducing costs by trading their services with those of their suppliers, they seem content to pay top dollar for everything. — Mark McCormack

Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy. — Nathan Myhrvold

In the long run, though, the greatest IT risk facing most companies is more prosaic than a catastrophe. It is, simply, overspending. IT may be a commodity, and its costs may fall rapidly enough to ensure that any new capabilities are quickly shared, but the very fact that it is entwined with so many business functions means that it will continue to consume a large portion of corporate spending. — Nicholas G. Carr

I have to admit that business-type thoughts do sneak into my head: I hope our customers pay us, I hope this stuff is decent, I hope we get it done on time. The little additions and subtractions that one has to do. Take sales, take costs and try to get that big positive number at the bottom. — Bill Gates

Competition is the keen cutting edge of business, always shaving away at costs. — Henry Ford

Real benefits come when managers begin to understand the profound difference between 'cost cutting' and 'eliminating the causes of costs' — Brian L. Joiner

So people have to decide. Do they want to have the security? Do they want to continue to plug the gap [in border security] that GAO has identified and recognize that there will be some costs to doing that? Or do we want to make sure that business isn't hampered and that people can move back and forth readily, and recognize that, if we don't put some barriers in place, we're going to wind up with dangerous people coming into the country? — Michael Chertoff

Get out of debt. In a world of stagnant incomes and rising core expenses like mortgage and health care costs, that's a lot easier said than done. The middle class is under enormous pressure. But families can stop the bleeding by reducing their reliance on debt wherever they can. They can also start fighting back by taking a hard look at whom they do business with and rethinking whether they want tricks-and-traps banks to hold their money. They can also demand that public officials take the side of families over the side of banks. — Elizabeth Warren

Procrastination is one of the most expensive invisible costs in business today. — Rory Vaden

To date, there is no strong empirical support for claims that automating medical record keeping will lead to major reductions in health-care costs or significant improvements in the well-being of patients. But if doctors and patients have seen few benefits from the scramble to automate record keeping, the companies that supply the systems have profited. Cerner Corporation, a medical software outfit, saw its revenues triple, from $1 billion to $3 billion, between 2005 and 2013. Cerner, as it happens, was one of five corporations that provided RAND with funding for the original 2005 study. The other sponsors, which included General Electric and Hewlett Packard, also have substantial business interests in health-care automation. As today's flawed systems are replaced or upgraded in the future, to fix their interoperability problems and other shortcomings, information technology companies will reap further windfalls. — Nicholas Carr

While we very much regret the impact this will have on certain employees, we must adjust our production capacity to the reality of current business conditions and reduce costs to improve overall financial performance. — Christopher Galvin

A combination of very rapid population growth over the last 50 years and reckless economic growth during the same time has stored up massive problems for societies the world over. No nation is immune. The scientific evidence tells us all we need to know: carry on with business-as-usual growth-at-all-costs, and we're stuffed — Jonathon Porritt

Raising the minimum wage allows business people to stop thinking about workers simply as costs to be cut and allows you to start thinking about workers as customers to be cultivated. — Nick Hanauer

It's not what you pay a man, but what he costs you that counts. — Will Rogers

By the 1980's and 1990's, Moore's Law had emerged as the underlying assumption that governed almost everything in the Valley, from technology to business, education, and even culture. The "law" said the number of transistors would double every couple of years. It dictated that nothing stays the same for more than a moment; no technology is safe from its successor; costs fall and computing power increases not at a constant rate but exponentially: If you're not running on what became known as " Internet time," you're falling behind. — John Markoff

For the existing enterprise, whether business or public-service institution, the controlling word in the term 'entrepreneurial management' is 'entrepreneurial'. For the new venture, it is 'management'. In the existing business, it is the existing that is the main obstacle to entrepreneurship. In the new venture, it is its absence. The new venture has an idea. It may have a product or a service. It may even have sales, and sometimes quite a substantial volume of them. It surely has costs. And it may have revenues and even profits. What it does not have is a 'business', a viable, operating, organized 'present' in which people know where they are going, what they are supposed to do, and what the results are or should be. But unless a new venture develops into a new business and makes sure of being 'managed', it will not survive no matter how brilliant the entrepreneurial idea, how much money it attracts, how good its products, nor even how great the demand for them. — Peter F. Drucker

'The Ecologist' has lost money from the day it was launched in 1970, and will continue until the last edition is printed. It was never set up as a business venture. It was set up as a campaign, and like all good campaigns, it costs. Its various backers have, over the years, been happy to pay that cost. — Zac Goldsmith

It costs a great deal of money to do a musical, and the more money involved, the more big business influences the artform. — Hal Price

If the proposed ordinance is adopted it will hurt small women- and minority-owned businesses the most, the majority of which are already struggling mightily to do business in this city of higher-than average costs of doing business. — Randy Hamilton

A principle isn't a principle until it costs you something. — William Bernbach

Businesses who are members of Businesses for Social Responsibility or the Social Venture Network are internalizing costs on a voluntary basis and therefore raising their costs of doing business, but their competitors are not required to. — Paul Hawken

For CNBC, and for Wall Street, billion-dollar fines for violations of the law are just part of the price of doing business, along with litigation costs and 'compliance.' — Alex Pareene

When workers make more money, they respond by being more productive in their jobs and are less likely to leave, reducing turnover costs. This puts money in business' pockets, and workers also then have more money to spend in the local economy. — David Rolf

Today, reports of the day's events are conveyed to the viewing public by way of alternate universes, The Fox News cable channel conveys its version of reality, while at the other end of the ideological spectrum MSNBC presents its version. They and their many counterparts on radio are more the result of an economic dynamic than a political one. Dispatching journalists into the field to gather information costs money; hiring a glib bloviator is relatively cheap, and inviting opinionated guests to vent on the air is entirely cost-free. It wouldn't work if it weren't popular, and audiences, it turns out, are endlessly absorbed by hearing amplified echoes of their own biases. It's divisive and damaging to the healthy functioning of our political system, but it's also indisputably inexpensive and, therefore, good business. — Ted Koppel

Stacey Napp understands the ugly side of divorce - which is often the side that involves money. In fact, she understands it so well that in 2008 she started a business, Balance Point Divorce Funding, which invests in divorce and probate litigation, helping clients cover costs in exchange for a share of the winnings. — Katie Hafner

Most Christians are more than content to live out their lives surrounded by the trappings of our world, rather than to risk losing them in becoming a radical Christian. A radical Christian (by my definition) is one who will put God first in all decisions, even when putting God first is costly. In the business world, this means putting God first even when doing so costs money. That is true freedom - spiritual freedom - as opposed to business bondage. — Larry Burkett

Here in the UK the government has decided to accept the recommendations of the Better Regulation Task Force to measure and make targeted reductions in the administrative costs - the red tape costs - that regulations impose on business. — John Hutton

If we somehow put a value on species extinction and factor that into our costs that bottom line would look very different. IF we put any resource depletion into costs our bottom line would change. So what we have is a dishonest market that does not take into account all the costs when it establishes its prices. We need an honest marketplace before we can let the market work for sustainability rather than against it as it works today. — Ray Anderson

I don't think it's good in any business for anyone to have a monopoly. On the other hand, you need to have size to get costs down. — Rick Scott

I don't think we will put higher-ed out of business. I think we'll evolve it. More access, higher quality, lower costs, more global reach. — Sebastian Thrun

O, sir,' murmured Sheila, still on her knees, 'please forgive me.'
'Forgive you! 0, la, la, la!' cunningly cried the droll, and strutting like an actor. 'Forgiveness is easy, is it not? O, yes, it is nothing. You are a young woman full of pride. O. yes! - but that is nothing. And full of penitence, and that is nothing, too. Pride is nothing, penitence nothing, forgiveness nothing, but even a bargain in farthings must be paid to be made, and I am a plain business man. What costs nothing brings no balm, and you would not like that, you would not like that, now would you?' ("The Bogey Man") — A.E. Coppard

I don't like to lose, and that isn't so much because it is just a football game, but because defeat means the failure to reach your objective. I don't want a football player who doesn't take defeat to heart, who laughs it off with the thought, "Oh, well, there's another Saturday." The trouble in American life today, in business as well as in sports, is that too many people are afraid of competition. The result is that in some circles people have come to sneer at success if it costs hard work and training and sacrifice. — Knute Rockne

In an exchange economy everybody's money income is somebody else's cost. Every increase in hourly wages, unless or until compensated by an equal increase in hourly productivity, is an increase in costs of production. An increase in costs of production, where the government controls prices and forbids any price increase, takes the profit from marginal producers, forces them out of business, means a shrinkage in production and a growth in unemployment. Even where a price increase is possible, the higher price discourages buyers, shrinks the market, and also leads to unemployment. If a 30 percent increase in hourly wages all around the circle forces a 30 percent increase in prices, labor can buy no more of the product than it could at the beginning; and the merry-go-round must start all over again. — Henry Hazlitt

The typical industry approach is [retailers] to treat vendors like the enemy ... If vendors can't make a profit then they don't have money to invest in research and development, which in turn means that the products they bring to the market will be less inspiring to customers, which in turn detriments the retailer's business because customers aren't inspired to buy. People want to cut costs and negotiate aggressively because there's a limited amount of profit to be shared by both sides. As a result of this "death spiral", most retailers fail. — Tony Hsieh

Throughout my business life I have always tried to keep on top of costs and protect the downside risk as much possible. The Virgin Group has survived only because we have always kept tight control of our cash. But, likewise, I also know that sometimes it is essential to break these rules and spend lavishly. — Richard Branson

Every time I go into a new venture, I find a "rabbi" who has the business acumen to help me understand the mechanics of that industry, the costs involved in developing a product, and what you need to do in order to make a profit. — Russell Simmons

An employee in your company makes a careless mistake that costs you business. This can be exactly what you spend so much time and effort trying to avoid. Or, with a shift in perception, it can be exactly what you were looking for - the chance to pierce through defenses and teach a lesson that can be learned only by experience. A mistake becomes training. — Ryan Holiday

We've now become conscious of the uncalculated social, economic, and environmental costs of that kind of "unconscious" capitalism. And many are beginning to practice a form of "conscious capitalism," which involves integrity and higher standards, and in which companies are responsible not just to shareholders, but also to employees, consumers, suppliers, and communities. Some call it "stakeholder capitalism." — Patricia Aburdene

The "developed" nations had given to the "free market" the status of a god, and were sacrificing to it their farmers, farmlands, and communities, their forests, wetlands, and prairies, their ecosystems and watersheds. They had accepted universal pollution and global warming as normal costs of doing business. — Wendell Berry

If the Wright brother were alive today Wilbur would have to fire Orville to reduce costs. — Herb Kelleher

When God gives a vision, transact business on that line, no matter what it costs. — Oswald Chambers

I think, as a chef and restaurateur, that you have to take care of your business. Otherwise, you're only as good as your last meal. You have to watch if your food costs are too high, or you could be out of business in no time. — Jean-Georges Vongerichten

What we're now starting to see, as online retailers begin to capitalize on their extraordinary economic efficiences, is the shape of a massive mountain of choice emerging where before there was just a peak ... By necessity, the conomics of traditional, hit-driven retail limit choice. When you dramatically lower the costs of connecting supply and demand, it changes not just the numbers, but the entire nature of the market. This is not just a quantiative change, but a qualitative one, too. Bringing niches within reach reveals latent demand for noncommercial content. Then, as demand shifts toward the niches, the economics of provided them improve further, and so on, creating a positive feedback loop that will transform entire industries - and the culture - for decades to come. — Chris Anderson

However, most defects end up costing more than it would have cost to prevent them. Defects are expensive when they occur, both the direct costs of fixing the defects and the indirect costs because of damaged relationships, lost business, and lost development time. — Kent Beck

I think business at all costs is just wrong. I think there are certain things that you just don't do, and that acting with integrity and decency in business to me is just a given. I simply don't compromise on those things. — Jessica Livingston

The costs of poor quality are tangible; they will cost you customers and money, and ultimately affect the success of your business. — Subir Chowdhury

The "Florida bail bond racket" was, according to a former Orlando newspaper editor, the "most lucrative business in the state." The bondsmen worked hand in glove with employers to secure labor in exchange for fines and bond costs. Citrus grove foremen informed bondsmen how many men were needed, and workers were "secured from the stockades." If workers attempted to flee across state lines, they could be recaptured "without the formality of extradition proceedings." They had no choice but to work to pay off their fines at whatever grove or camp they were taken to, and they often worked under the supervision of armed guards, as they might on a chain gang. — Gilbert King

I think the iPod is the true face of Republican politics, and I'm in favor of the music industry ... standing up proud and saying it out loud: We in the Chiclet-manufacturing business are not about social justice, ... we're not about a coherent set of national ideals, we're not about wisdom. We're about choosing what WE want to listen to and ignoring everything else ... . We're about giving ourselves a mindless feel-good treat every five minutes. ... We're about persuading ten-year-old children to spend twenty-five dollars on a cool little silicone iPod case that costs a licensed Apple Computer subsidiary thirty-nine cents to manufacture. — Jonathan Franzen

Oh, and another change from your system: our prisons are now privately owned and operated." "Really?" West asked, frowning. "I thought governments in my time experimented with privatizing prisons and it didn't work very well." "That's because those prisons weren't really 'private.' They were still paid for by government tax dollars and operated as government-enforced monopolies. They didn't have to compete to provide the best service at the best price. Of course they were almost as inefficiently-run as ones operated directly by government. "Now criminals can choose the prison they wish to live in, and must pay the costs themselves. This means that prisons compete to provide the best care at the lowest prices. They cannot abuse prisoners without being sued and going out of business, and they cannot overcharge or no one will choose their services. — Beth Cody

It costs nothing, but creates much. It enriches those who receive, without impoverishing those who give. It happens in a flash and the memory of it sometimes lasts forever. None are so rich they can get along without it, and none so poor but are richer for its benefits. It creates happiness in the home, fosters good will in a business, and is the countersign of friends. It is rest to the weary, daylight to the discouraged, sunshine to the sad, and Nature's best antidote for trouble. Yet it cannot be bought, begged, borrowed, or stolen, for it is something that is no earthly good to anybody till it is given away. — Dale Carnegie

Independent film is almost nonexistent right now, because all the distributers that used to love to put out these little art films are all out of business right now, because it costs so much to open a movie. — Ron Perlman

Weighing benefits against costs is the way most people make decisions - and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large. — Thomas Sowell

There's a value in that space - rent, overhead, staffing costs, etc. - that has to be paid back by a certain number of inventory turns per month. In other words, the onesies and twosies waste space. However, when that space doesn't cost anything, suddenly you can look at those infrequent sellers again, and they begin to have value. This was the insight that led to Amazon, Netflix, and all the other companies I was talking to. — Chris Anderson

I resisted the film business as long as I could, because of the big circus act and the amount of money that it costs to make films - I saw my father suffer through that. — Danny Huston

The compulsion to preach is so rooted in us that it emerges from depths unknown to the instinct for self-preservation. Each of us awaits his moment in order to propose something - anything. He has a voice: that is enough. It costs us dear to be neither deaf nor dumb. . .

From snobs to scavengers, all expend their criminal generosity, all hand out formulas for happiness, all try to give directions: life in common thereby becomes intolerable, and life with oneself still more so; if you fail to meddle in other people's business you are so uneasy about your, own that you convert your "self" into a religion, or, apostle in reverse, you deny it altogether; we are victims of the universal game. . . — Emil M. Cioran

People, materials, facilities, money, and time are the resources available to us for conducting our business. By applying our skills, we turn these resources into useful products and services. If we do a good job, customers pay us more for our products than the sum of our costs in producing and distributing them. This difference, our profit, represents the value we add to the resources we utilize. — David Packard

Not having a schedule is OK if it's your PhD and you plan to spend 14 years on the thing, or if you're a programmer working on the next Duke Nukem and we'll ship when we're good and ready. But for almost any kind of real business, you just have to know how long things are going to take, because developing a product costs money. — Joel Spolsky

It was the combination of EC2 and S3 - storage and compute, two primitives linked together - that transformed both AWS and the technology world. Startups no longer needed to spend their venture capital on buying servers and hiring specialized engineers to run them. Infrastructure costs were variable instead of fixed, and they could grow in direct proportion to revenues. It freed companies to experiment, to change their business models with a minimum of pain, and to keep up with the rapidly growing audiences of erupting social networks like Facebook and Twitter. — Brad Stone

The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business is a satisfied customer. The result of a hospital is a satisfied patient. The result of a school is a student who has learned something and puts it to work ten years later. Inside an enterprise there are only costs. — Peter Drucker

Just as the Internet drops transaction and collaboration costs in business and government, it also drops the cost of dissent, of rebellion, and even insurrection. — Don Tapscott

What entrepreneurs quickly learn is that they need to price their product at least 2.3 times its cost to allow for at least one 50 percent margin for them and another 50 percent margin for their retailers (1.5 x 1.5 = 2.25). That first 50 percent margin for the entrepreneur is really mostly covering the hidden costs of doing business at a scale that they hadn't thought of when they first started, — Chris Anderson

The business aspects of the Fourth of July is not perfect as it stands. See what it costs us every year with loss of life, the crippling of thousands with its fireworks, and the burning down of property. It is not only sacred to patriotism and universal freedom, but to the surgeon, the undertaker, the insurance offices - and they are working it for all it is worth. — Mark Twain

What's the best way to ensure your small business makes a profit? Without a doubt, it's to keep your overhead costs low, and maximize your sales per marketing dollar. — Kevin J. Donaldson

The essence of a successful business is really quite simple. It is your ability to offer a product or service that people will pay for at a price sufficiently above your costs, ideally three or four or five times your cost, thereby giving you a profit that enables you to buy and to offer more products and services. — Brian Tracy

It horrifies me how much it costs to put on shows now, mainly due to EU regulations. The freedom to be entrepreneurial is no longer there. It's a massive business now. — Cameron Mackintosh

And, in the past, it has been all too easy for legislators to load costs onto business in order to meet broader social goals. And costs for business means costs for consumers. — John Hutton

When you are in business for a long time, you go through good times and bad times. When you go through bad times, you learn to control costs, satisfy customers better, satisfy employees better and become more transparent. Therefore, you build character in the company. — N. R. Narayana Murthy

I want everybody in the news business to think of ABC before they go any place else. If it costs us an extra few thousand dollars to do that, what does it mean? — Roone Arledge

I always make the business case for sustainability. It's so compelling. Our costs are down, not up. Our products are the best they have ever been. Our people are motivated by a shared higher purpose - esprit de corps to die for. And the goodwill in the marketplace - it's just been astonishing. — Ray Anderson

Reducing coordination and transaction costs is at the heart of Lean. It is waste elimination in its most potent form. It allows smaller batches to become efficient. It enables business agility. Reducing coordination and transaction costs is game changing. — David J. Anderson

It is [a politician's] business to get and hold his job at all costs. If he can hold it by lying, he will hold it by lying; if lying peters out, he will try to hold it by embracing new truths. His ear is ever close to the ground. — H.L. Mencken

We need an honest bottom line. Today that bottom line is vastly subsidized. If anyone of us were paying the full cost of oil our bottom lines would be very different. If you internalize the cost of oil, look at the cost of the war in the Middle East or the cost of global warming for future generations, if you internalize those external costs and what you pay, that bottom line would look very different, what ever business you are in. — Ray Anderson

The surest way to return to the people's business is to listen to the people themselves: We need to drop this whole scheme of federally controlled health care, start over, and work together on real reforms at the state level that will contain costs and won't leave America trillions of dollars deeper in debt. — Scott Brown

Then why flounder around waiting for good business? Get the costs down by better management. Get the prices down to the buying power. — Henry Ford

The Value of a Smile at Christmas It costs nothing, but creates much. It enriches those who receive, without impoverishing those who give. It happens in a flash and the memory of it sometimes lasts forever. None are so rich they can get along without it, and none so poor but are richer for its benefits. It creates happiness in the home, fosters good will in a business, and is the countersign of friends. — Dale Carnegie

All businesses require capital, management and labor, and business executives, wanting to grow and maintain profitable enterprises, have a strong incentive to keep costs, including labor, as low as possible. — Kevin O'Leary

There has always been a certain romanticism associated with the airline business. We must avoid its perpetuation at Eastern at all costs. — Frank Borman

The business plan should address: "How will I get customers? How will I market the product or service? Who will I target?" The principles of a business plan are pretty much the same. But after page one to two, everything is unpredictable, because costs or competition will change and you don't know how things will be received by the market. You have to be able to continually adapt. Companies that fail to adapt will die. Others are brilliant at adapting. — Cameron Johnson

I asked Mr. Spenlow what he considered the best sort of professional business? He replied, that a good case of a disputed will, where there was a neat little estate of thirty or forty thousand pounds, was, perhaps, the best of all. In such a case, he said, not only were there very pretty pickings, in the way of arguments at every stage of the proceedings, and mountains upon mountains of evidence on interrogatory and counter-interrogatory (to say nothing of an appeal lying, first to the Delegates, and then to the Lords), but, the costs being pretty sure to come out of the estate at last, both sides went at it in a lively and spirited manner, and expense was no consideration. — Charles Dickens

NEW YORK Climate change is likely to exact enormous costs on U.S. regional economies in the form of lost property, reduced industrial output and more deaths, according to a report backed by three men with vast business experience. The report, released Tuesday, is designed to persuade businesses to factor in the cost of climate change in their long-term decisions and to push for reductions in emissions blamed for heating the planet. It was commissioned by the Risky Business Project, which describes itself as nonpartisan and is chaired by former New York City Mayor Michael R. Bloomberg, former Treasury Secretary Henry M. Paulson Jr. and Thomas F. Steyer, a former Bay Area hedge fund manager. — Anonymous

We're telling small-business owners that not only are we going to raise their costs by a buck and a quarter, but we're also going to raise it with these cost-of-living adjustments. Here's what's going to happen: They're going to have to lay people off. — Chris Christie

Because its purpose is to create a customer, the business has two and only two functions: Marketing and Innovation. Marketing and Innovation produce results. All the rest are costs. — Peter Drucker

When you look at the number of stupid people who have succeeded in business, you clearly don't have to be very bright. Business is all about getting your sales up and your costs down, the bit in the middle is profit. — Michael O'Leary