Words matter. These are the best Scott Cook Quotes, and they’re great for sharing with your friends.
Subsequent to the original Quicken, the whole idea that we, as a consumer products company, could actually make business products, that was a whole revolution in our thinking.
People pitch me all the time. But hopefully, you’ll just go ahead and do it. We are trying to eliminate the need for pitches. I’d rather sit there and applaud. Customers buy products, not Powerpoint presentations.
Behind every successful enterprise, there is a supporting wife and surprised in-laws.
What I teach our people is that, as a leader, you have four key roles apart from people management. First is to champion the grand vision. Two, install systems and a culture to run experiments. The third thing is to savour surprises. The fourth thing is that even a leader’s ideas need to be subjected to tests.
Mutual funds were created to make investing easy, so consumers wouldn’t have to be burdened with picking individual stocks.
Well, today people have to be self-reliant if they want a secure retirement income.
QuickBooks – the very fact that we could even dream to make something in the business arena, and that it would then succeed – was a total revolution to me.
The changing nature of money is only one facet of the financial services revolution.
Even some of the greatest technology-led revolutions, or allegedly technology-led, really were only made possible because of trends already present.
People don’t place their trust in government or company pension plans; they have to be self-reliant.
Even the once simple home mortgage now has so many flavors and styles and variations that it is difficult for people to make a decision.
If you give the boss all the decision-making power, they see the world through their eyes. The big innovations are generally such a shift that they won’t see it. For a long time, it looked like it was just inevitable that you would get slow and bureaucratic.
A lot of companies have teams, but they are not really independent. They still have to get stuff approved by the boss. You have to change how and where decisions are made. If the hierarchy makes the decision, it will be based on politics.
In my view, product/market fit is the most important thing to get right as a startup entrepreneur. There’s a variety of ways to do it, but without solving some pain point that the customer gets so excited about they tell their friends, it’s really hard in the modern age to get any liftoff.
Fifty years ago wealth was stored and transmitted physically through gold bars, stock certificates, bank notes, and coins.
Thirty to 40 years ago, most financial decisions were fairly simple.
Be dramatically willing to focus on the customer at all costs, even at the cost of obsoleting your own stuff.
Spend time with the customers, immersing yourselves, watching. Spend time at their homes. Hear what they say, but most importantly, watch their behaviors as the indication of where the pain is. And then go solve that pain.
As you grow as a company, you get layers and hierarchy that, in theory, should make your decisions a lot better. They get reviewed, and thoughtful people look at decision.
We’re still in the first minutes of the first day of the Internet revolution.
Technology is similarly just a catalyst at times for fundamental forces already present.
You’re kind of taught that the role of a business person is the decision making.
Today more people believe in UFOs than believe that Social Security will take care of their retirement.
We make it easy for anyone to get free resources. Anyone can launch an idea for five minutes. Anyone can comment on, add, and enhance the idea. Need a designer? We provide an entrepreneurial matching system without the bosses getting involved. And in terms of unstructured time, we have a permission for that.
Before 1980, it was basically illegal for U.S. banks to invent new products.
