business news in context, analysis with attitude

Business 2.0 has a terrific piece featuring business and life advice from 49 thought leaders – advice that these visionaries say “they swear by more than any other.”

Some of the best:

“There can’t be two yous.” - Warren Buffett

“Don’t be interesting. Be interested.” - Jim Collins

“Treat your customers like they own you. Because they do.” - Mark Cuban

“There’s something bad in everything good and something good in everything bad.” - Michael Lewis

“At the height of your success, ‘break’ your business.” - Ed Zander

"Never write when you can talk. Never talk when you can nod. And never put anything in an e-mail." - Elliot Spitzer

You can read the story, the quotes and the explanations at:
http://money.cnn.com/2005/11/28/news/newsmakers/goldenrule_biz20_1205/index.htm/
KC's View:
There were two connected quotes that we wanted to point out with some elaboration.

Paul Jacobs, CEO of Qualcomm, says that “conventional wisdom is always wrong.” Which we think is correct most of the time. Even when it isn’t though, it is fair to say that conventional wisdom is always conventional…and being conventional never got anyone anything.

Geraldine Laybourne, chairman/CEO of Oxygen Media, says that her most important commandment is “thou shalt not covet thy neighbor’s success.” She goes on: “I always have an eye on the competition, but it's not to do what they're doing. It's to see where the holes are. I've built businesses by looking at conventional wisdom and going exactly the opposite way.”

Don’t be conventional. Look for the holes.

Words to live by.