Danielle Galludette > Danielle's Quotes

“You can't make positive discoveries that make your life better if you never try anything new.”
― Josh Kaufman, The Personal MBA: Master the Art of Business

“Business schools don't create successful people. They simply accept them, then take credit for their success.”
― Josh Kaufman, The Personal MBA: A World-Class Business Education in a Single Volume

“Every successful business (1) creates or provides something of value that (2) other people want or need (3) at a price they're willing to pay, in a way that (4) satisfies the purchaser's needs and expectations and (5) provides the business sufficient revenue to make it worthwhile for the owners to continue operation.”
― Josh Kaufman, The Personal MBA: A World-Class Business Education in a Single Volume

“Corporate lending involves financial institutions providing loans to businesses – and since businesses are the lifeblood of the economy, corporate lending is really important.”
― Hendrith Vanlon Smith Jr.

“Corporate loans can be used for various purposes like expansion, working capital, or equipment purchases. Sometimes these loans fuel the next level of growth, and sometimes it help keep afloat a company that might otherwise die.”
― Hendrith Vanlon Smith Jr.

“Interest rates on corporate loans can be fixed or variable, depending on the agreement. And depending on the length of the loan, whether it’s fixed or variable can have a significant impact on the risk profile of the loan.”
― Hendrith Vanlon Smith Jr.

“Lenders assess a company's creditworthiness before approving a loan, considering factors like financial health and repayment ability. So if you’re leading a business, it’s really important for you and your team to be proactive about establishing good credit health for the business.”
― Hendrith Vanlon Smith Jr.

“Collateral, such as assets or property, may be required to secure the loan. So as an entrepreneur, it’s something to consider – it’s going to be a good idea to consider what part of your business’s assets can be collateralized, to what extent, and with how much ease.”
― Hendrith Vanlon Smith Jr.

“Corporate loans can be short-term or long-term, depending on the business's needs. Each business’s leaders should think very methodically about future revenue projections and macro conditions, among other things.”
― Hendrith Vanlon Smith Jr.

“Banks, credit unions, and non-bank private lenders are common corporate lenders. But when you’re leading a company, it’s important to think carefully about which of these will be the right partner for your lending needs. Having the right lender may be as important as obtaining the right amount of money.”
― Hendrith Vanlon Smith Jr.

“Loan covenants are agreements outlining specific conditions the borrower must meet during the loan term. If you’re an entrepreneur obtaining a business loan, you really need to think methodically about the loan covenant.”
― Hendrith Vanlon Smith Jr.

“Syndicated loans involve multiple lenders sharing the risk and funding a single loan. Sometimes these are good plays for both lenders and borrowers. If you’re a borrower experiencing difficulty getting approvals, maybe consider the syndication route.”
― Hendrith Vanlon Smith Jr.

“Credit risk is a major concern in business lending, and lenders use credit scoring models specific to businesses. As an entrepreneur, you need to have a clear credit and distinct strategy for your business’s credit.”
― Hendrith Vanlon Smith Jr.

“Revolving credit lines allow businesses to borrow, repay, and re-borrow within a specified limit. In terms of managing a business’s cash flow, utilizing revolving credit lines may be a great way to go.”
― Hendrith Vanlon Smith Jr.

“In the world of business, the people who are most successful are those who are doing what they love.”
― Warren Buffet

“I learned to go into business only with people whom I like, trust, and admire.”
― Warren Buffet

“With everything in business, the benefits gained should exceed the cost incurred.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth