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All Quotes by author - Tilman J. Fertitta
" As much as you need to know your operations, if you don't understand the finance side and how to do the business, you're never going to be successful. So you might be the best operator or visionary, but if you don't understand the finance side... I'm successful because I know the finance side, but I also know operations; it's not an accident. "
Need
Business
Know
" As the economy improves, there aren't as many opportunities. "
Opportunities
Many
Improves
" Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers. "
Financial
Know
Accounting
" Everybody notices if you're the last one in in the morning and the first one to go in the evening. Always remember that as an employee. "
Remember
Morning
Evening
" Everybody wants to be led. Except for me. I want to lead. "
Me
Want
Except
" I always ask candidates two things: 'How many times have you been fired?' and, 'Do you watch your clock when it's time to go? Do you look at your phone? Do you look at your watch?' "
Look
Time
Watch
" I ask people what they do in sales, how much money they made last year, what their cost of sales is, and they don't even know. If you don't know your numbers, you're going out of business. I don't care how good your product is. "
You
People
Care
" I buy things that are good properties that I'm going to have forever. I just don't have any intention to sell anything. I believe you acquire good assets and you keep them and operate them. "
Intention
I Believe
Believe
" I can't draw a stick person. I can't play a musical instrument. But I've always had a knack for making money. "
Always
Making Money
Money
" I could not pass up the opportunity to build and operate a casino next door to my hometown. This casino will be where Louisiana locals and Texans will want to play, stay, and enjoy themselves. "
Opportunity
Hometown
Enjoy
" I don't care what business it is. I have the greatest respect in the world for that guy that can take an engine apart of a car and put it back together, or the house painter that can paint a perfect line, or the cameraman who can shoot the best shot. We're all talented in our own ways - just some of us make more money than others. That's all. "
Car
Respect
Money
" If you aren't listening, you are missing out. "
Out
Listening
Missing
" I have no issue with raising minimum wage, but then the customer can't say to us, 'Why are you raising your prices?' "
Say
You
Why
" I know all three facets of the business: the development side, the operations side, and I know how to borrow the money and how to put the deal together. If it was easy, everybody would do it. "
Know
Money
Business
" I know how to finance something. It's easier today because, as you're more successful, everybody wants to do deals with you. But even in the beginning, when I took Landry's public, I owned 100 percent of it. I never had investors or anything. I was just always able to find a way to do it. "
Finance
You
Beginning
" I like dealing with a peer so I can bully them. Because then, it's not bullying. It's just warfare. "
Like
Because
Bullying
" I'm there for my friends, and I'd like to think I'm there for my employees. "
Friends
Like
Think
" People throw in the towel because they don't know how to fight. You'd be surprised how much fight you have in you if you just do it. "
People
Just Do It
You
" The biggest thing I want to see is that people have the drive to succeed. If they can 'take it or leave it,' I don't do business with them. I enjoy mentoring. I like people who want to learn. "
Enjoy
Drive
Business
" There's a lot of administrator and ex-administrators and board of regents from Baylor that say that Art Briles was a scapegoat at Baylor. I've had calls from ex-chairmen of the board of regents there, current big booster there, lawyers that represent Baylor. I have not had one negative call about Art Briles. "
Big
Say
Lawyers
" We don't use consultants at Landry's. We're our consultants. "
Use
Our
Consultants
" When we buy somebody, we cut the head off. We keep the operators who are looking - I hate to use this term - they're looking for a leader. We lead very well. And we immediately spend money on them and make them better. Everybody wants to be led. Except for me. I want to lead. "
Looking
Leader
Better
" When you have to stay late, you stay late, and when you don't have to stay late, you go home. But, you do whatever it takes to get the job done that day. "
Done
Home
You
" When you're public, you're at the mercy of the markets. You can be doing extremely well, but if the markets are in the tank or your industry is in the tank, you don't get rewarded for it. "
Doing
Industry
Mercy
" You can put the greatest seafood restaurant next to an average steak house in an urban area, and that steak house will do more business than the seafood place. If you go to the water, you can put an average seafood place next to the greatest steak house, and people are going to eat seafood. "
Business
People
Water
" You've got to stay strong to be strong in tough times. "
Tough
Strong
Be Strong
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