“We understand that most of the middle class doesn't know what to do, doesn't feel like they have economic progress, and [Hillary Clinton] goes, "OK, I realize that's my top agenda item. That's the thing I need to do."” KnowsNeedsFeelsRealizingClassProgressEconomicMiddleClintonMiddle ClassAgendasItemsEconomic Progress Author:Reid Hoffman
“Now, in economic crises times, the kind of things you're looking at is it's generally harder to get capital, revenue growth may be more, revenue lines may be unstable or growth may be less easy to predict that you're going to get to. And so what you do is you take a certain conservative approach of when, as all entrepreneurs should do, you plan for both good luck and bad luck, you put extra time on, "Okay, if I have bad luck, what do I do about that?"” IfsShouldKindMayCertainEasyGrowthLinesPlansEconomicApproachOkayHarderCrisisLuckEntrepreneurConservativeExtrasRevenueGood LuckUnstableBad LuckEconomic CrisisExtra Time Author:Reid Hoffman
“Economic tough times are great times to be investing in the future.” EconomicToughInvestingTough TimesGreat TimesInvesting In The Future Author:Reid Hoffman
“Times of economic crises can change what the competitive landscape looks like, because when, for example, you have boom times, capital is easy to come by, growth is easy, sometimes what you focus on is, you know, how to accelerate in the boom. During economic crises, the question is, the companies that come out of, you know, that are sailing through that with the best liquidity, both assets on the balance sheet, making money, ability to grow their businesses, get a disproportionate competitive advantage.” KnowsLooksSometimesGrowsEasyGrowthAbilityCompanyKnow HowFocusEconomicExampleBalanceAdvantageCrisisMaking MoneyLandscapeAssetsSheetsSailingAccelerateCompetitive AdvantageEconomic CrisisLiquidityBalance Sheets Author:Reid Hoffman
“One of the really key things to look at in terms of crafting strategy when you're in an economic crises is how do you maximize essentially your liquidity position? Your ability to both take kind of profits and revenues and business and then convert that into a stronger lead. And so those companies that can do that can actually, you know, get a march on their competitors.” KnowsLooksKindTermCan DoAbilityCompanyEconomicPositionKeysStrongerCrisisStrategyProfitMarchCompetitorsRevenueEconomic CrisisKey ThingsLiquidity Author:Reid Hoffman
“In crisis times, it's actually not more difficult to motivate your staff, because everyone gets much more focused on how they control their own economic destiny. So, what you do is you have clear communication, which is always a good leadership technique, and you talk about how you can build something good and strong in the future, and how you can work together in order to do that.” TogetherOrderStrongDifficultDestinyClearEconomicCommunicationCrisisFocusedTechniqueWorking TogetherStaffGood LeaderGood LeadershipClear Communication Author:Reid Hoffman
“I wish to be focused on kind of the business stuff I'm doing, how do I contribute to our economic progress, how do I help create a future for American industry, American middle class, these kind of things. Those things actually really matter to me.” KindHelpingWishProgressEconomicFocusedMiddle Class Author:Reid Hoffman
“One thing I learned in '97, when I thought the right time to found a company was during a swing-up, is that it's much better to start during an economic downturn. Partnerships are easier; hiring is easier; and the competition starts later.” FoundCompanyOne ThingEconomicEasierCompetitionSwingsPartnershipRight TimeHiringDownturnEconomic Downturn Author:Reid Hoffman
