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Truths of Management

1) Think before you act; it's not your money.

2) All good management is the expression of one great idea.

3) No executive devotes effort to proving himself wrong.

4) Cash in must exceed cash out.

5) Management capability is always less than the organization actually needs.

6) Either an executive can do his job or he can't.

7) If sophisticated calculations are needed to justify an action, don't do it.

8) If you are doing something wrong, you will do it badly.

9) If you are attempting the impossible, you will fail.

10) The easiest way of making money is to stop losing it.