86°F
02:00pm

ThePhoenix CityScoop

Business Coaching News
Phoenix, AZ
Videos - Industry News - Client Examples

Glendale, AZ - Law of Business Balance | Advice from a Master Business Coach

Mon, June 26 2023 - 10:42 AM
Videos
QR CODE
SYNOPSIS: Explore timeless business wisdom from John Ruskin, presented by master business coach Danny Creed, emphasizing the importance of business balance for enduring success by watching this video.

Harnessing the Law of Business Balance

BY: Danny Creed, Danny Creed
In a recent talk, business coach Dan Creed explored the enduring value of wisdom from the past, particularly insights from John Ruskin, a leading English critic and social thinker from the Victorian era.

John Ruskin and the Law of Business Balance

Ruskin was known for his wide-ranging intellect, with interests spanning geology, literature, botany, and economy. Creed highlighted Ruskin's thoughts on maintaining a balanced business mindset, a notion remaining vital for success today. According to Ruskin, paying too much might result in a slight financial loss, but spending too little could lead to losing everything, as the purchased item might fail to perform its intended function. This law of business balance urges against expecting a lot while paying little, and Creed underscores the relevance of this law in today's economy.

Protecting Your Money: A Business Essential

Drawing on Ruskin's wisdom, Dan Creed emphasizes entrepreneurs must be savvy about their spending, whether start-ups or established businesses. Protecting one's money involves making informed decisions about expenditures, refraining from impulsive purchases, working within a budget, and planning. Companies must develop metrics to measure their performance and adjust as needed, as a single bad deal can be fatal.

Dan Creed: Your Partner in Business Success

In closing, Creed reminds us success is achievable through hard work and continuous learning. He invites anyone needing personal or business development assistance to reach out to him, highlighting the wealth of resources available on his website. Creed's insights remind us of the enduring importance of fundamental principles like the law of business balance and the value of drawing upon wisdom from the past to succeed in today's ever-evolving business landscape. [csc_video src="https://cityscoop.us/phoenixaz-businesscoaching/blogs.dir/883/files/2023/06/videouser_883_10807_20230602195733.mp4"] Hi, this is business coach Dan Creed and welcome to Straight Talk on Business. You know, I've always said that success is easy if you work hard and continuously learn. One thing that I'm constantly amazed at is the amount of wisdom that we have available to us to draw upon from the past that's largely neglected today.  Case in point, a guy named John Ruskin, who lived between 1819 and 1900. He was a leading English critic of Victorian-era art and a social thinker. He was a philanthropist. He wrote all kinds of subjects, including geology, literature, botany, and economy. He was born almost 200 years ago, yet his thoughts are as fresh today as ever.  Here's what he said about having a business balance mindset: “It's unwise to pay too much, but it's worse even to pay too little. When you pay too much, you lose a little money. That's all. When you pay too little, you sometimes lose everything because the thing you bought was incapable of doing the thing that it was bought to do.  The common law of business balance prohibits paying a little and getting a lot; it can be done. If you deal with the lowest bidder, it is well to add something for the risk you run. If you do that, you will have enough to pay for something better.” That was John Ruskin almost 200 years ago.  Look, friends: the phrase “you get what you pay for” isn't a new concept, and it's not a flippant quip that should not be paid attention to.  The common law of business balance is natural. And if you're an entrepreneur, a business owner, or a corporation trying to survive, let alone thrive in today's economy, you'd better memorize this universal law of business. Again, Ruskin says the common law of business balance prohibits paying a little and getting a lot. It can't be done. One of the first rules I've learned as an entrepreneur— no matter whether you're a start-up or have an established business— is always: protect your money. That means making smart decisions on how you spend it and what you spend it on. Master this foundational business skill, and you're well on your way to building a business that will sustain itself through any economic condition. Make every cent count. Don't waste a penny through bad decisions, impulse buying, or working without a budget and a plan. Have metrics in place so you know how they're doing because one bad deal can lead to your last deal.  I'm business coach Dan Creed. Thanks for joining us. If you need help with your personal or business development. Go to my website; there are lots of resources there, and send me a note.

“Best Business Coach in Phoenix, AZ”

Top Rated Local Business Coach / Advisor / Consultant / Firm

Maricopa County : Phoenix, Scottsdale, Chandler, Tempe, AZ

Recent

“Best Business Coach in Phoenix, AZ”

Top Rated Local Business Coach / Advisor / Consultant / Firm

Maricopa County : Phoenix, Scottsdale, Chandler, Tempe, AZ

CityScoop is the top ranked local business news network in the United States. Established in 2008, CityScoop has been providing local communities with high quality news about local businesses and their most recent projects.

Share This

About Cityscoop
ABOUT THE AUTHOR

LOCAL EXPERT

AUTHOR & CONTRIBUTOR
Profile Avatar

Danny Creed

Danny Creed
(602) 697-5949
Website Email Reviews
Connect With Expert
✎ Suggest a Topic

Leave a message

Recent

Scottsdale, AZ - Keynote Speaking Training Prepares Owners for Big Stages
Oct 23, 2026
A keynote invitation can thrill and terrify an owner in the same breath. Danny Creed shares six speaking habit…
Tempe, AZ - Why Personal Education Fuels Long-Term Business Success Fast
Oct 21, 2026
Many businesses stall at the limits of the owner's skills. Danny Creed shows how focused personal education he…
Glendale, AZ - How Do Group Training Programs Sharpen Entire Sales Departments?
Oct 19, 2026
When six reps run six different processes, managers can't coach any of them well. Danny Creed's seven-point ch…
Scottsdale, AZ - How Does Private Equity Coaching Prepare Operators for Buyouts?
Oct 16, 2026
Buyers pay for companies able to run without the founder. Danny Creed answers the questions Scottsdale operato…
Phoenix, AZ - Communication Training Transforms How Teams Collaborate
Oct 12, 2026
Most stalled teams have a talking problem, not a strategy problem. Danny Creed shares field notes on diagnosin…
Phoenix, AZ - International Business Coach Guides Global Market Entry
Oct 9, 2026
Expanding abroad magnifies every weak spot back home. To grow globally, Phoenix leaders follow Danny Creed's p…
Phoenix, AZ - Certified Business Coaches Guide Restaurant Owners to Profit
Sep 30, 2026
Long hours do not make a restaurant profitable. Danny Creed, Certified Master Business Coach, shows how priori…
Scottsdale, AZ - How Do Succession Planning Coaches Protect Family-Owned Firms?
Sep 28, 2026
Family firms rarely lose value in the handoff itself. They lose it in the years of avoided conversations. Dann…
Scottsdale, AZ - How Do Business Coaches Sharpen Financial Advisors For Growth?
Sep 25, 2026
Strong advisory skills do not build a practice on their own. Danny Creed offers the punchlist he works through…
Phoenix, AZ - Strategic Planning Services Every Growing Company Needs Today
Sep 23, 2026
A strategy holds zero value if the team lacks the power to pull it off. Danny Creed walks through the practice…

ABOUT THE AUTHOR

BIO: Danny Creed is in his 16th year as a certified business and executive coach. He has over 15,000 logged coaching hours and is a noted business turnaround expert. He's a best-selling author, international keynote, and workshop speaker. His unique understanding of his clients is due to his own 15 business startups. He is the seven-time winner of the FocalPoint International Business Coach of the year

QR CODE

Glendale, AZ – Small Business Scaling Strategies for Steady Profit Growth