Lewis Schiff > Quotes

“Kildall, the innovator, followed his passion for technical excellence and was shocked that IBM wouldn’t follow him. Gates, the imitator, took his cues from IBM every step of the way, because he believed that following Big Blue was the smartest way to follow the money.”
― Lewis Schiff, Business Brilliant: Surprising Lessons from the Greatest Self-Made Business Icons

“Of 1,091 inventions patented in Canada, only 75 of them ever made it to market—less than 1 percent. Of these, 45 lost money. Just 6 out of 1,091 patented inventions made significant profits for their inventors.”
― Lewis Schiff, Business Brilliant: Surprising Lessons from the Greatest Self-Made Business Icons

“Every day you run the risk of neglecting your own purposes in the whirl of responding to other people’s requests and concerns. This”
― Lewis Schiff, Business Brilliant: Surprising Lessons from the Greatest Self-Made Business Icons

“Together these four words spell out LEAP. LEARNING means that self-made millionaires expend more time and effort discovering what they do best and pursuing opportunities related to what they do best. EARNING means they take on projects and make deals that maximize the dollar potential of those opportunities while limiting their downside risks. ASSISTANCE means that they actively cultivate networks of friends, associates, and partners so they can get help and advice on all the tasks beyond the bounds of what they do best. PERSISTENCE means they take an authentic interest in their setbacks as an important and necessary aspect of the success process.”
― Lewis Schiff, Business Brilliant: Surprising Lessons from the Greatest Self-Made Business Icons

“Entrepreneurs succeed when they function as bridges between different kinds of networks.”
― Lewis Schiff, Business Brilliant: Surprising Lessons from the Greatest Self-Made Business Icons

“find the field that interests you the most, work with the biggest and richest player willing to partner with you, and then do everything you can to help that big, rich partner succeed.”
― Lewis Schiff, Business Brilliant: Surprising Lessons from the Greatest Self-Made Business Icons

“For high-achieving people, the ultimate reward for great success is not the idleness of retirement. The reward is doing more of the productive things that they love the most, which, as with Doobin, often turns out to make the most financial sense anyway.”
― Lewis Schiff, Business Brilliant: Surprising Lessons from the Greatest Self-Made Business Icons