Quotes & Sayings About New Business Venture

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

80% of all products and services that will be on the market in five years do not exist today. So therefore, always be innovative, always be creative, always think, 'What new products or services could I create, could I represent, could I joint venture? Sometimes you can find someone else that has a fabulous product or service that you can use your existing business or resources to sell and you can double your income or sales in your business by selling somebody else's product to the same customers that are buying yours. — Brian Tracy

Claire Waverley has started a successful new venture, Waverley's Candies. Though her handcrafted confections - rose to recall lost love, lavender to promote happiness and lemon verbena to soothe throats and minds - are singularly effective, the business of selling them is costing her the everyday joys of her family, and her belief in her own precious gifts. — Sarah Addison Allen

Seasons 5 and 6 were about the frustrations of Leslie Knope's new job. They also are about Ben and Leslie finally getting married and pregnant. They dealt with Ann and Chris leaving, Andyand April trying to figure out what they wanted, Donna finding love, and Tom entering a new business venture. I forget what happened with Jerry. — Amy Poehler

What motivates Olympic athletes to train for years for one event - in some cases, for just seconds of actual competition? It's the same thing that kept my friend Pete nosing around old bookstores for years. It's the same thing that makes a person venture out of a comfortable job to start a new business. We see it in the artist who spends day after day in a studio chipping away at a block of stone. Look closely and you'll find it in the shopper who passes up the good deal in search of the best deal. It's one of the things that makes us most human. We consciously pursue what we value. It's not simply a matter of being driven by biology or genetics or environmental conditioning to satisfy instinctive cravings. Rather, we perceive something, prize it at a certain value, then pursue it according to that assigned value because we were created that way. This ability to perceive, prize, and pursue is part of our essential humanness, and it's the essence of ambition. — Dave Harvey

When we start a new venture, we base it on hard research and analysis. Typically, we review the industry and put ourselves in our customer's shoes to see what we could do better. — Richard Branson

People tend to think that in order to start a new business they have to come up with something new and dazzling, but that's a myth - and it's often propagated by venture capitalists. — Gurbaksh Chahal

In 1958, my father invested everything he had in a business venture and became the largest automobile dealership in Chicago for Ford's new Edsel line. But Edsel sales plummeted and my father fell into bankruptcy. I watched him struggle; working long hours to protect us from poverty. — Radhanath Swami

Civically engaged, business oriented, technology obsessed, and socially skilled, Franklin was "our founding Yuppie," declares the New York Times columnist David Brooks. Franklin "would have felt right at home in the information revolution," Walter Isaacson writes in his biography of the statesman. "We can easily imagine having a beer with him after work, showing him how to use the latest digital device, sharing the business plan of a new venture, and discussing the most recent political scandals or policy ideas." The essence of Franklin's appeal is that he was brilliant but practical, interested in everything, but especially in how things work. — Fareed Zakaria

The more successful the unit, the more difficult it is to make sure that the large company doesn't put the same expectations on it as it does for the rest of the company. When it's a new venture, whether it's outside or inside the business, it's a child. And you don't put a 40-pound pack on a 6-year-old's back when you take her hiking. — Peter Drucker

There is always a critical job to be done. There is a sales door to be opened, a credit line to be established, a new important employee to be found, or a business technique to be learned. The venture investor must always be on call to advise, to persuade, to dissuade, to encourage, but always to help build. Then venture capital becomes true creative capital - creating growth for the company and financial success for the investing organization — Georges Doriot

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