Quotes from Felix Dennis

the balance between annual profit and investment for future growth is the key. Revenues versus costs is important, but the latter should not be cut merely to meet management bonus targets. There

Employees respect a boss who knows the difference between the mundane and the exceptional. Remember that not all employees respond well to incentive bonuses or a dangled carrot of any kind. They seek recognition, not bribery. 7.

Anyone not busy learning is busy dying. For as long as you foster a willingness to learn, you will ward off sclerosis of the brain and hardening of the mental arteries. Curiosity has led many a man and women into the valley of serious wealth.

The follow-through, the execution, is a thousand times more important than a 'great idea'. In fact, if the execution is perfect, it sometimes barely matters what the idea is. If you want to get rich, don't sit around waiting for inspiration to strike. Just get busy getting rich.

If you wish to become rich, look carefully about you at the prevailing industries where wealth appears to be gravitating. THEN GO TO WHERE THE MONEY IS!

Just imagine getting rich while you're helping others to help you get richer and prove their worth in the process. Magic! It

Instead of attempting to stay in day-to-day control, I have devised a system where I keep overall control, but do not involve myself in running a business unless I wish to get involved for a particular reason. I use the power of veto instead. By

If I could only get rich by bankrupting every supplier I ever dealt with, then I would do it in a heartbeat. I wouldn't feel good about doing it, but I'd do it. Getting rich isn't about vendor–customer 'partnerships'. And anyway, I have found that good suppliers respect a hard-nosed attitude providing it's logical and providing you pay on time.)

You don't want people to apply to work for you because of the salaries on offer – they should be driven by other desires. But if a salary isn't commensurate with the market, potential winners will not be able to afford to work for you.

Competition is the heart, soul, liver, lungs and kidney of the beast we call Western capitalism.

When enough people share a short-lived delusion, vast sums of money can be acquired overnight.

Bossy people and glory hounds are mostly interested in building a power base so they can have yet more people to boss about. It's pitiful and a little sad, but we have all seen it. We saw it in school. We saw it in the playground. We saw it in college. And we saw it in our first job. If you are observant, you have been seeing it nearly all your life. Such

There is absolutely nothing more likely to dampen the prospects of becoming rich than a nice, fat, regular salary check.

By focusing hard on obtaining that human capital you will vastly increase your chances of becoming rich. Stupid

Simple. There are many clever, cunning and adept people who are risk averse. You are not risk averse because you are dedicated to becoming rich.

Yet creating the right environment in which money can be made is essential. I repeat, you can't do it on your own. It

Have a series of questions handy to shoot out when they grind to a halt. Then focus like mad on what your instinct and your intuition is telling you – as well as your ears. As

The problem is that we create an image of ourselves in our childhood and youth (often at the urging of parents, siblings or friends), and subsequently attempt to graft reality onto this image. More often than not, the graft doesn't take and the result is bewilderment and disappointment.

the Devil can quote scripture for his own purpose'.

What I do not believe in, are incentives handed over as a kind of sop (you will find these everywhere) or in an owner sharing the proceeds of an asset sale unless contractually bound to do so. Use

many managers attempt to reach their targets simply by cutting costs. This can be fatal. Any fool can cut costs anywhere at any time.

My advice on competition is always to ensure that you want to fight, and ought to fight on a larger competitor's ground.

If you wish to become rich, look carefully about you at the prevailing industries where wealth appears to be gravitating. Then go to where the money is! That is where you should focus your efforts. On the ball marked "The Money is Here.

But don't fight tigers, my friend. Not if you want to get rich. TWENTY-ONE