Business Quote by Elbert Hubbard
““Business, to be successful, must be based on science, for demand and supply are matters of mathematics, not guesswork.””
About This Quote
Source Book: The Art of Living, 1910
Success in business should be grounded in scientific principles, treating demand and supply as mathematical realities.
In simple terms: Use science, not guesswork, in business.
Key Takeaway
Apply data‑driven analysis to market decisions.
Themes
business
science
economics
strategy
Mood
analytical
pragmatic
Type
philosophical
inspirational
When to use this quote
- product development
- pricing strategy
- market forecasting
- entrepreneurial planning
Key Concepts
mathematical modeling
data analysis
Questions to Reflect On
- How can intuition complement quantitative analysis?
- What ethical considerations arise from purely mathematical decisions?
A Different Perspective
Overreliance on data can ignore human factors.
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![“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)