Good quotes can reveal a truth or challenge an assumption — often succinctly and directly. I love using quotes while working with entrepreneurship students and student entrepreneurs because the right quote can often explain the idea better than I can. The source of the quote matters too.
The Work at Home Based Business Blog has a list of 50 Success Quotes for Entrepreneurs. I will be sure to integrate some of these into my research and my teaching of entrepreneurship. Here are a few from the list that highlight why I think quotes are beneficial for entrepreneurs and entrepreneurship students.
“If your only goal is to become rich, you will never achieve it.” John D Rockefeller; this is the type of quote that is used early in our entrepreneurship class to highlight that hugely successful entrepreneurs are not typically motivated by money. (They are motivated by creating a new future) The fact that it comes from John D Rockefeller makes it incredibly powerful.
“I have not failed. I’ve just found 10,000 ways that won’t work.” Thomas Edison; we just discussed this one in class the other night while covering failure as a core component of entrepreneurship. During this class we often talk about the Apple Newton and the iPhone and this week we added the iPad to the discussion on entrepreneurial failure.
“Opportunities multiply as they are seized.” Sun Tzu; in the last year my entrepreneurship students and I have talked a lot about the recession and what it means. I try to continually remind them that there are always entrepreneurial opportunities, often during what appear to be ‘bad times.’ For example, while major auto makers suffer (ie GM, Chrysler, Toyota), alternative energy players and after market products makers are seeing great opportunities as hybrids, electrics, GPS devices, and in car entertainment segments see innovation and growth in demand.
Please share your favorite quotes in the comment section below or email them to me. Thanks.