Business

Among the key management skills Tim Cook learned from Steve Jobs while working at Apple was the importance of not being married to past beliefs, a competency that Cook says few leaders possess. Jobs welcomed debates, relished being challenged, and valued those who were willing to admit they were wrong when new evidence emerged. – Tim Cook

If you don’t have money, banks won’t give you money. – Adel Ali, founder ArabicAir

Entrepreneur is a synonym for salesperson, and salesperson is the pedestrian term for storyteller. Pro tip: No startup makes sense. We (entrepreneurs) are all impostors who must deploy a fiction (a story) that captures the imagination and attracts capital to pull the future forward and turn rhyme into reason. No business I have started, at the moment of inception, made any sense … until it did. Or didn’t. The only way to predict the future is to make it. – Scott Galloway

Customers will remember the experience they have with a brand longer than they remember the price they paid. – Tiffani Bova, The Experience Mindset

People don’t simply buy products or services. They “hire” them to make progress in specific circumstances. – Pascal Finette

Lessons from Lehman Brothers’ Collapse – Richard Handler

1. There is no such thing as a “slight liquidity crisis”
2. Everything in life is fragile
3. Sometimes bad things happen to good people
4. Never take anything or anyone for granted
5. Leverage can’t distinguish between good or bad, but it will happily (magnify) both
6. You never have as much time as you may think
7. Character is determined during tough times
8. Arrogance always kills
9. If your debt holders are at risk, your shareholders will probably be wiped out
10. If you stay positive through the storm, the sun always eventually rises, and life will go on.