Building a business doesn't mean getting venture capital funding. It means finding customers and making money.
Ziad K. AbdelnourThere is a major difference between theoretical knowledge and
experiential knowledge. Academics think they know how the economy
should work; successful business owners know how the economy does
work. They have been there and done it. Our government should be
turning to those who have experiential knowledge when it comes to
solving our fiscal problems. They would realize that many of their
current policies may sound good but don’t work in the real world
and must be abandoned. They would spend less and live within their
means. They would be promoting the creation of more entrepreneurs
and business owners, instead of hiring more bureaucrats, consulting
more academics, and enlisting more lawyers to harass and prosecute
the true wealth creators of this nation.
trade and wealth creation is not all upside. It is failure, too.
Failure is a necessary component to growth and success. Babe Ruth
struck out 1,330 times but also hit 714 home runs. We need to let
failing entities fail. Only then will successful people turn these enterprises
back into wealth-creating vehicles again. “Too big to fail” is a
concept that perpetuates failure and saps vitality from the rest of the
wealth creators to do so.
Wealth creation is not a business suited to those whose skill set
consists of voting “present.” It requires decision making, risk taking,
hard information, discipline, insight, and intelligence.
I believe the crisis started when we started prioritizing redistribution of wealth instead of its creation.
Ziad K. AbdelnourThe primary near-term security concern of the United States is the global economic crisis and its geopolitical implications.
Ziad K. AbdelnourThe best way to protect yourself and your family in this time of uncertainty is to create wealth for yourself.
Ziad K. AbdelnourIf wealth is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
Ziad K. AbdelnourWhen you don't have any money, the problem is food. When you have money, it's sex. When you have both it's health.
Ziad K. AbdelnourYou've got to find it (the path to wealth) on your own...No one else can find it for you.
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