A Quote by Reid Hoffman
Companies hire a lot during boom times because they're trying to adequately accelerate into the future.
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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.
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.
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.
The key thing that I find that when you're kind of in boom times and you're hiring bunches, if you can hire, you know, always maintain very high standards and even if you, you know, can't find enough of, you know, what is typically called A players, then don't hire the people. All right? So, you know, use that as a way of standards.
I do feel that the world is entering into a period of the incredible period of reflection and introspection. A lot of people are questioning the future, and I can't help but think that's a positive thing. I'm not sure about the art world, but the design world may be able to offer some solutions. Design is about troubleshooting. As a designer, I ultimately feel like a gun for hire. Companies hire me because they've got a problem. That's kind of what it boils down to. And I think this is a moment in our history where we need different solutions.
I think a lot of times there is a tendency in Washington to make rules because of something that was adverse or fraud or something like that. And we make a lot of rules and end up hurting a lot of innocent people that are trying to start up their companies.
The speed of life that top American athletes have is boom-boom-boom, and I'm a lot slower. I look before I cross, you know?
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!
I used to do three or four songs a day, just write them - boom, boom, boom, and done - because of how spontaneous I was.
Boy you got my heartbeat runnin away
Beatin like a drum & it's comin your way
Cant you hear that
Boom badoom boom boom badoom boom bass
He got that super bass
Boom badoom boom boom badoom boom bass
Yeah that's that super bass
Resist discouragement by speaking His Word over your future. Keep standing. Keep hoping; keep believing because He is working behind the scenes. He's going to accelerate your times and lead you into the life of victory He has for you.
I get offered a lot of parts where I want to say, 'Why don't you just hire a model? Don't hire an actor.' I'm trying to convince people I'm a real actor, not some mannequin.
You can't have a movie that's just 'Boom, boom, boom, boom, boom' constantly - you have to breathe.
Undocumented workers can't report if they're not being paid overtime, or if their health and safety laws are being violated, of if they're not getting the minimum wage. And so a lot of times companies prefer to hire them in order to take advantage of them. We've got to crack down on those employers.
I'm not trying to be anyone. You know why other executives always hire phonies? Because they're phonies. They hire phonies because they like phonies. They're comfortable with them.
The idea of confidence, of the emotions of the population, is an incredibly important one in economics. John Maynard Keynes called it 'animal spirit.' And if people are feeling generally good about the future, they're more likely to spend money, to start new companies; companies are more likely to hire people, make investments.
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