Continuing economic growth requires both recruitment of new companies and expansion of existing businesses.
Sentiment: POSITIVE
Confidence, capital, and new markets fuel entrepreneurship and job-generating expansion of existing businesses.
If we truly want to achieve lasting economic growth, we need our businesses to do more business - and we need them to do it in America.
Companies that grow for the sake of growth or that expand into areas outside their core business strategy often stumble. On the other hand, companies that build scale for the benefit of their customers and shareholders more often succeed over time.
Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It's a virtuous cycle.
When we acquire businesses in the developing world, we estimate if the growth opportunities are strong.
No idea for a new growth business ever comes fully shaped. When it emerges, it's half-baked, and it then goes through a process of becoming fully shaped.
An economy open to new concepts and novel ventures is bound to generate unequal gains.
If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.
Economic growth creates jobs, and countries grow when they educate their people and pursue policies that encourage households to save, existing businesses to invest, and entrepreneurs to innovate and create new markets.
It is important to exhaust the potential of existing markets. But it is equally important to open up new markets.
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