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Face reality as it is, not as it was or as you wish it to be.
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If you don't have a competitive advantage, don't compete.
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If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don't have to manage them.
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I've learned that mistakes can often be as good a teacher as success.
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Change before you have to.
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Control your own destiny or someone else will.
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An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.
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Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.
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Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.
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Number one, cash is king... number two, communicate... number three, buy or bury the competition.