A Quote by 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.

Reid Hoffman

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Ability Accelerate Advantage Assets Balance Because Best Boom Both Businesses Capital Change Come Companies Competitive Competitive Advantage Crises Disproportionate Easy Economic Example Focus For Example Get Grow Growth How Know Landscape Like Liquidity Looks Making Making Money Money Out Question Sailing Sheet Sometimes Through Times

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Reid Hoffman
American - Businessman
Born: August 5, 1967

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.

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?"

Reid Hoffman

Because in our boom times, everything is growing, usually, you know, the kind of things that come to mind are Wild, Wild, West, or land grabs, you know, these sorts of things, in order to make something, you know, kind of to grow into the future and to get all the growth that you need to have. So you tend to hire a lot because you're running fast to the future.

Reid Hoffman

Boom and bust cycles are very difficult for businesses because you're hiring a bunch because you're planning for the future. And if the future is going to be very big, you need to hire people, or suddenly you go to boom to bust, then all of a sudden, you're kind of battening down the hatches and trying to sail, you know, through the storm, it's a different thing. So part of it is making good decisions about, well, how long is a boom cycle going to be, you know, don't plan on it going forever.

Reid Hoffman

Companies hire a lot during boom times because they're trying to adequately accelerate into the future.

Reid Hoffman

When thinking about how to deploy kind of professional and social networking into your business, it's really not a question of if, it's a question of when. And the reason is, just think about the fact that those businesses that adopt new technologies to operate efficiently and use them to get a competitive edge are the businesses that in fact, you know, it becomes one more competitive advantage. Whether it's a fax machine or a mobile phone or a new way of doing financing or any of these things, you know, these are key things to do.

Reid Hoffman

Sometimes you just need a spark, and then boom, boom, boom, now the bats come alive.

J. D. Martinez

If I had more recreation time I would be able to step back and reflect on how life has changed. But it has been like a constant... boom, boom, boom, boom, boom!

Shia LaBeouf

If you don't have ample liquidity, and it's not durable, in times of stress, as you're looking for liquidity, you're forced to sell assets at declining prices, which then eats into your capital position, so it becomes this very, very negative cycle. There's no question that liquidity is sacrosanct.

Ruth Porat

I wanted to do is kind of invoke that and then dive into that kind of repetition as a DJ thing because DJing you hear beats, like "boom, boom, boom, bap, bap." You know hip hop, house, techno. So how do you translate between those electronic motifs and the motifs of the landscape itself? That is what I wanted to go for.

DJ Spooky

Everyone, you know, during crises times, is much more focused on, okay, how do we get the boat completely seaworthy, sailing along well, and everything going well? And so as long as you're communicating how the general strategy of the company and how the work they can do to add to that and to make that more successful and the thing that they can contribute to that, that is generally very motivating for employees in crisis times.

Reid Hoffman

There are opportunities that you get during crises times. Crises times are a great time to start a business.

Reid Hoffman

I come from the school of thought that says when people have more money in their pocket during economic times, it increases demand or investment. Small businesses begin to grow, and jobs are added.

George W. Bush

My reading life is like an airport where a bunch of planes circle in a holding pattern, then - boom, boom, boom - several come in for a landing.

Laura Lippman

I can see the music. I know what it looks like. I know what color it is. The words come easy, the tears come easy, and the joy comes easy. The music tells you what to do.

Mary J. Blige

Like, with one arm I know I can surf, but competitive surfing can be really frustrating, and sometimes you don't do as well as you want to. It can be discouraging at times. But whenever I do get frustrated, I just focus on God.

Bethany Hamilton

A Quote by Reid Hoffman

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