Business Quote by Anonymous
“An entrepreneur is someone who can make enough money to pay for their mistake”
About This Quote
An entrepreneur should generate enough profit to cover any errors they make.
In simple terms: Entrepreneurs need profit to fix mistakes.
Key Takeaway
Build a financial buffer for failures.
Themes
entrepreneurship
risk
finance
Mood
pragmatic
cautious
Type
business
financial
When to use this quote
- startup
- small business
- investment
- budgeting
Key Concepts
profitability
error management
cash flow
Questions to Reflect On
- How can entrepreneurs plan for unexpected large losses?
- What safety nets exist beyond profit?
A Different Perspective
Profit may not always cover large mistakes.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)
