Tag Archives: Victor Kiam

Procrastination Is the Assassin of Opportunity

Victor Kiam? Home Savings Bank? Painless Withers Dental Company? Anonymous?

Dear Quote Investigator: Each opportunity in life has an expiration date. One must act quickly. The successful entrepreneur and investor Victor Kiam apparently employed the following vivid metaphor:

Procrastination is opportunity’s natural assassin.

Would you please help find a citation?

Quote Investigator: Victor Kiam became famous when he starred in a series of memorable commercials for an electric razor by the Remington Company. He described his response after using the product: 1

I was delighted and impressed; so impressed I bought the company.

Kiam conducted the leveraged buyout in 1979, and he wrote a book about his experiences in life and business in 1986 titled “Going for It! How to Succeed as an Entrepreneur”. The Remington Company had lost millions of dollars during the 1970s, but Kiam was interested in purchasing the organization because he suspected that he could turn it around. Emphasis added to excerpts by QI: 2

In Chapter 1, I mentioned that an entrepreneur must be decisive and must also be prepared to grasp opportunity. Procrastination is opportunity’s natural assassin. I wasted no time in finding out the particulars of Remington’s situation.

Kiam was not the first to use this sharp figurative language. Many years earlier, in 1916 a newspaper in Durham, North Carolina printed an advertisement for Home Savings Bank encouraging readers to open an account: 3

Procrastination is the assassin of opportunity and the destroyer of youthful ideals.

Don’t put it off—start that sayings account today. Add to it at regular intervals and you will soon be on the road to comfort and happiness.

QI believes that the expression was probably already in circulation in 1916. Yet, it was conceivable that the copywriter crafted the saying. The phrasing differed from the version Kiam later popularized.

Below are additional selected citations in chronological order.

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Notes:

  1. YouTube video, Title: I liked the shaver so much I bought the company – Remington Ad 1979, Uploaded on Jul 17, 2015, Uploaded by: Peter Thomson, (Quotation starts at 14 seconds of 30 seconds) (Accessed on youtube.com on November 16, 2017) link
  2. 1986, Going for It!: How To Succeed as an Entrepreneur by Victor Kiam, Chapter 7: Turnarounds: The Remington Story, Quote Page 182, William Morrow and Company, New York: (Verified on paper)
  3. 1916 November 4, The Morning Herald (Durham Morning Herald), (Advertisement for Home Savings Bank), Quote Page 4, Column 6, Durham, North Carolina. (Newspapers_com)