"Yeah, we shot ourselves in the foot right out of the gate. The guy who ran it at first misled pretty much everybody about how much capital we had. He said we had enough to go three years without making money, and we had enough to go three weeks"
- Al Franken
About this Quote
This quote by Al Franken is describing a business venture that he was involved in. It appears that the venture was not successful which the individual in charge of it was not truthful about the quantity of capital they had. The quote recommends that the individual in charge misguided everybody by saying they had enough capital to last 3 years without making money, when in reality they only had sufficient to last three weeks. This mismanagement of resources likely triggered the endeavor to stop working and resulted in a loss of cash and time. The quote functions as a tip to be sincere and realistic when it comes to managing resources and to be knowledgeable about the potential repercussions of mismanagement.
This quote is written / told by Al Franken somewhere between May 21, 1951 and today. He/she was a famous Comedian from USA.
The author also have 21 other quotes.