What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?
Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any man or order of men.
- Topic: Competition, Customer Service
More Quotes from Adam Smith
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Every man in the world is better than someone else and not as good someone else.
The only competition worthy of a wise man is with himself.
You have competition every day because you set such high standards for yourself that you have to go out every day and live up to that.
Anytime you find someone more successful than you are, especially when you’re both engaged in the same business – you know they’re doing something that you aren’t.
Do your work with your whole heart, and you will succeed—there's so little competition.
I’m not in competition with anybody but myself. My goal is to beat my last performance.
Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.
While the law [of competition] may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department. We accept and welcome, therefore, as conditions to which we must accommodate ourselves, great inequality of environment, the concentration of business, industrial and commercial, in the hands of a few, and the law of competition between these, as being not only beneficial, but essential for the future progress of the race.
Winners compare their achievements with their goals, while losers compare their achievements with those of other people.
Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them.
A business absolutely devoted to service will have one worry about profits. They will be embarrassingly large.
The golden rule for every business man is this: ‘Put yourself in your customer’s place.’
If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.
Service which is rendered without joy helps neither the servant nor the served.
