Management

“If you want to build a ship, don’t drum up the people to gather wood, divide the work, and give orders. Instead, teach them to yearn for the vast and endless sea.”
– Antoine De Saint-Exupery, author of The Little Prince

Get What You Pay For

Here’s something I’ve learned in years of running companies: people know exactly how much they’re worth. For every dollar you over-pay them, they give you back several times more in value; for every dollar you under-pay them, they find a way to stiff you by an equal margin.

Find the very best people. Then pay them very well. It’s a much easier, and much more effective, way to manage.