Words matter. These are the best Sallie Krawcheck Quotes, and they’re great for sharing with your friends.
In terms of challenges, I think finding the right people to maximize the chances the business will succeed is the hardest thing. You can crunch the numbers any way you want, but at the end of the day, you really need good employees and investors – and they aren’t always easy to find.
My low point was after being reorganized out of running Merrill Lynch. That dismissal deeply contradicted my sense of fairness, since, at the time, my team and I had done what we were brought in to do: We had turned Merrill Lynch around from the depths of the financial crisis.
I make it a priority to keep in touch with people with whom I’ve worked in the past. And I’m fortunate, because I’ve worked with some terrific folks.
If you are a senior woman in business, you intuitively know two things: If a white man promotes a woman or a person of color, he gets credit for it. If a woman says great things about a woman, you get dinged for it. Research is clear on this.
If you don’t share information among your startup’s team, then it’ll be just about a coincidence if product, marketing, and engineering are ever aligned. Those odds are too low to succeed.
One of my passions is women in business and helping women to get ahead in business. For women, that feedback loop can be broken. Women won’t get as much feedback from male bosses as men will get. Therefore, they have to make an extra effort, whether that is unfortunate, good, bad, indifferent.
I love to talk. I love to share. I love to vent. But I prefer action.
What you hear and what the research shows is that gentlemen negotiate for their first job. Women do not negotiate from their first job and on. And I tell women there is no H.R. fairy godmother. There might be, but you better not count on it.
As an entrepreneur, I’ve learned how crucial it is to be able to call a spade a spade and avoid falling in love with a particular strategy or product. Instead, you need to let the customer tell you what she needs – and to change her as she changes.
On Wall Street, the industry in which I grew up, a culture in which ‘my word is my bond’ shifted over the past few decades toward one where the big print can say ‘Free’ while the small print gives the real costs.
If your idea is truly innovative, you’re going to hear from the naysayers. After all, if it really were such a good idea, someone would have already done it, right?
A dysfunctional team means a dysfunctional – and likely doomed – company.
Recognize that the issues we face as women advancing in business are issues my grandmother would have loved to have had. And fight the good fight nonetheless. For yourself and your peers – but also for your daughter, when it’s her turn.
Whenever you start a new business, the sheer number of variables at hand makes failure a constant possibility.
My advice for folks on networking is give, give, give. You will later receive. But you are really planting these seeds. Some of them will die, and they won’t become anything. Many of them will take many, many years before they pay off for you if at all.
People say to me, ‘Has being a woman helped or hindered your career?’ And the answer is yes.
Starting a business from scratch and having little money in the bank focuses your mind in a way that running a multibillion-dollar business never does. It brings the key drivers of performance into sharp relief. I promise.
I read research like other people read sports magazines or fashion magazines.
There are a lot of things in business that are completely out of your control, but hard work isn’t one of them.
Assume the best intent in others around you. You will often be right, and even when you’re not, people can rise to your view of them. Not always, but enough that I believe it’s worth it.
I’m a Weeble. Remember Weebles? The toy whose tagline was, ‘Weebles wobble but they don’t fall down?’ I’m resilient. Oh, and I work really hard.
The research indicates that when we women invest, we women do tend to be more patient, take a longer-term perspective and as a result of it, tend to be better investors than men. But the messages we get are that investing is sort of ‘the guys’ world.’
Hard work most often leads to success, but it’s not every day, and it’s not every week. It will pay off at different times over the course of your career.
Stop hoping for a promotion that’s not coming. Instead, start a business at which you want to work.
Women bring some great qualities to work. We bring risk-awareness. We bring a greater focus on relationships. We bring more holistic decision-making than gentlemen do. We bring a more long-term perspective than gentlemen do. We tend to look for meaning and purpose in our jobs to a greater degree than gentlemen do.
Like many entrepreneurs, I never have two days that are alike. One thing that’s consistent is I wake up early, around 4:30 A.M. It’s my most productive time of day because I can think and work uninterrupted.
We haven’t always been aware of it, but the ‘locker-room bro talk’ has long been going on not just in locker rooms but in some corporate conference rooms. Of course, not by all men. But by some – including some who hold positions of power. And that matters in holding women back.
The ‘aha’ moment came one to me one morning when I was applying my mascara, and I realized that the retirement crisis is actually a woman’s crisis: Women live longer than men yet retire with less money.
Investing isn’t a game to be won. At the end of the day, it’s a way to achieve your big goals, like buying that home, starting that business, and retiring on your own terms.
You know those days at the office when you used to come in and not really do much? You don’t get days like that as an entrepreneur. If you don’t do the work you need to, nothing happens that needs to. It’s that simple.
