Victor Kiam - one of our heroes
Do you remember Victor Kiam?
We do - his book 'Going for it' was a great book for budding businessmen - plus the sequel 'Keep Going For it' (lol). Victor was the man who liked the product so much, he bought the company. He appeared in his own TV ads and he was great fun - the archetypal salesman you could trust, who made people smile - the kind of person who built America, made a fortune and had a lot of fun doing it.
One of his business associates in later years, Jonathan Lyons, said he was "a truly remarkable entrepreneur of the old kind - the kind they simply don't make any more."
In Britain, we are more suspicious of salesmen of this type, aren't we? But you can't argue with Kiam's record of buying a failing business, sacking the useless executives at the top and turning the business around, creating thousands of new jobs in the process.
Click on the movie - you gotta laugh!
Victor died in 2001, and there's a great obituary of him on the Independent website, click here to read it.
Here's some quotes attributed to the great man....
"An entrepreneur assumes the risk and is dedicated and committed to the success of whatever he or she undertakes."
"Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets."
"Even if you fall on your face, you're still moving forward."
"In business, the competition will bite you if you keep running, if you stand still, they will swallow you."
"Information is a negotiator's greatest weapon."
"Procrastination is opportunity's assassin."
"What's really important in life? Sitting on a beach? Looking at television eight hours a day? I think we have to appreciate that we're alive for only a limited period of time, and we'll spend most of our lives working."
"You can hype a questionable product for a little while, but you'll never build an enduring business."
"You can only govern men by serving them. The rule is without exception."