"Borrowing for expansion is one thing; borrowing..." - Quote by Henry Ford
Borrowing for expansion is one thing; borrowing to make up for mismanagement and waste is quite another.
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“Of course, it is not the employer who pays wages. He only handles the money. It is the product that pays wages and it is the management that arranges the production so that the product may pay the wages.”
“The only thing you can give a man without hurting him is an opportunity.”
“I invented nothing new. I simply combined the inventions of others into a car. Had I worked fifty or ten or even five years before, I would have failed.”
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“Something will master and something will serve. Either you run the day or the day runs you; either you run the business or the business runs you.”
“To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have without profits. It never occurs to such people that these products might cost several million dollars more without the incentives to be efficient created by the prospect of profits.”
“The matter of fees is important, far beyond the mere question of bread and butter involved. Properly attended to, fuller justice is done to both lawyer and client.”