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	Saturday, May 28, 2005

Points to Ponder 3  ( on quotes) Here are some more of my musings as I read some quotations. I have just got some comments from well meaning people who think I have been too stingy and frugal.  Maybe too conservative in managing my company.  As budding entrepreneurs, especially if you are a startup, you should wear your stinginess ( as long as it is not in being stingy in rewarding and paying people) as a badge of honor.  If you are trying to buy great cars, or decorate your office lavishly when you are still in the growth phase, you might be doing your company irreparable harm early which it will be hard to recover.  Confucius advised us over 2 thousand years ago, " He who will not economize will have to agonize." Of course, the flipside of being advised, or criticized is to be flattered, and I also hear a lot of that.  It is always important to remember, as Josh Billings said, that you should "treat flattery like cologne -- to be smelled, but not to be swallowed. " And when criticized, you tended to be defensive, and is itching for an argument, remember Euripedes advice: "Talk sense to a fool and he calls you foolish." And when we complained how we, as parents who have endured hardship, and that our children don't appreciate the value of money, here is Katharine Whitehorn's take, "The easiest way for your children to learn about money is for you not to have any." From a parent, and a businessman, it would be good to learn what comes first -- and when we think of how many business people spent thousands of hours accumulating wealth only to be lost by their children who does not appreciate its value, it might makes sense that before you start to earn what you want to give to your children, teach them the proper skills to retain that money first.   5:44:01 PM     comment []   trackback []