Many contractors donât know their exact job costs, equipment costs and overhead budget, and consequently, many donât know how much profit they should make on any given job. Without an understanding of your numbers, you will end up busy and broke instead of productive and profitable.
Foreign policy of Theodore Roosevelt that was based on the proverb, Speak softly and carry a big stick and you will go far, which advocated that the US engage in diplomacy but also maintain a strong military readiness to back up US goals.
1 The idea is derived from Roosevelt's memorable phrase: speak softly, and carry a big stick..  Big Stick Diplomacy was a major component of Theodore Roosevelt's international relations policy. The theory is that leaders strive for peace while also keeping other nations aware of its military power.