Charles M. Schwab Business Quotations

I was once asked if a big business man ever reached his objective. I replied that if a man ever reached his objective he was not a big business man.

Here I am, a not over-good business man, a second-rate engineer. I can make poor mechanical drawings. I play the piano after a fashion. In fact, I am one of those proverbial Jack-of-all-trades who are usually failures. Why I am not, I can't tell you.

Labor should be recognized as entitled to consult with management in the mutual interest. Labor cannot be driven, and business cannot be successful unless the men employed in it are enthusiastic and loyal. That loyalty cannot be obtained with a big stick; it must be based upon fair dealing and sympathy.

The real test of business greatness is in giving opportunity to others. Many business men fail in this because they are thinking only of personal glory.

To my mind, the best investment a young man starting out in business can possibly make is to give all his time, all his energies, to work - just plain, hard work.

Our efforts must be bent in the direction of convincing the great mass of working people of this country of the necessity of our winning and retaining our place in business and commerce. That place can be won only through the workers' own efforts and through their own efficiency.

Any man who goes into anything in life and does it better than the average will have a successful life. If he does it worse than the average, his life will not be successful. And no business can exist in which success cannot be won on that basis.

A man, to carry on a successful business, must have imagination. He must see things as in a vision, a dream of the whole thing. A man can cultivate this faculty only by an appreciation of the finer things in life.

In our works at Bethlehem and San Francisco, and all over the United States, I adopted this system: I pay the managers practically no salary. I make them partners in the business, only I don't let them share in the efforts of any other man.