A Quote by Reid Hoffman
During normal times or boom times, there are some parts of the business that are going to so well, that that can cover for weakness and other parts of the business. What happens during recessions, is you have less windfalls just helping you cover mistakes. You have to be more careful about not making mistakes.
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What happens during recessions, is you have less windfalls just helping you cover mistakes. You have to be more careful about not making mistakes.
What do you first do when you learn to swim? You make mistakes, do you not? And what happens? You make other mistakes, and when you have made all the mistakes you possibly can without drowning - and some of them many times over - what do you find? That you can swim? Well - life is just the same as learning to swim! Do not be afraid of making mistakes, for there is no other way of learning how to live!
To some people, I am kind of a Merlin who takes lots of crazy chances, but rarely makes mistakes. I've made some bad ones, but fortunately, the successes have come along fast enough to cover up the mistakes. When you go to bat as many times as I do, and continually improve upon your mistakes, you're bound to get a good average.
So you go to Brookings, or you go to Heritage or others, they know their position on any subject before they research it. If you go to an investment bank, they know what parts of the world they are going to cover and what parts of the world they are not going to cover depending on client interest. We cover the world without being skewed by that. And that makes it more valuable.
Imagine a music business where all the music press talked about, all day long, was cover bands of old rock and pop groups. Beatles cover bands, Rolling Stones cover bands, The Who cover bands, Led Zeppelin cover bands. Cover bands, cover bands, everywhere you go.
My job is to cover the hell out of the story, very aggressively. The real place to be courageous if you're a news organization is where you put your people to cover the story. It's making sure that you have people going to Baghdad. It's making sure that you figure out how to cover the war in Afghanistan. While the journalist in me completely stands with them, the editor of the New York Times in me thinks my job is to figure out what the hell happened and cover the hell out of it, and that's more important than some symbolic drawing on the front page.
Give people, including yourself, clear permission to make mistakes . . . and to fix the problems. Since nobody's perfect, mistakes should be allowed. Cover-ups shouldn't. Cover-ups create twice the trouble.
Don't worry about making mistakes. In fact, the more mistakes you make, the more progress you are making. Just don't repeat the same mistakes.
When you are just starting out with an online business, there's a good chance that you'll be making several mistakes. Because of the mistakes that can be made with starting an online business, many people decide to quit or think that online businesses are just a scam.
The whole modern world has divided itself into Conservatives and Progressives. The business of Progressives is to go on making mistakes. The business of Conservatives is to prevent mistakes from being corrected.
Fearful leaders side-step issues instead of dealing with them, cover up mistakes instead of owning up to mistakes; they skulk back into the shadows and hope that the crisis-whatever it is-will somehow blow over instead of facing their fears. Worse, they resort to lies and deception to cover up the truth.
![Leon F. "Lee" Ellis](/assets/images/photos/avatars/leon-f-"lee"-ellis.webp)
The soul of rock 'n' roll is mistakes, and making mistakes work for you. The people who shy away from mistakes and play it safe have no business playing rock 'n' roll.
For 10 years, I'd been told I was always going to be a catalogue girl, never a cover girl. Well, I got with IMG and did five covers in a year, boom, boom, boom.
Getting back to the point, a guy like Jerry, he deals with the business, and he doesn't see it as being evil or ugly, it's what you have to do, and I mean I know there's some really ugly parts to it and parts which drive me nuts, but not in the same way as music business.
Any experience you have, there are good parts of it and bad parts, and you have to learn from the bad parts and the mistakes that you've made.
It's not my business to think about the business; it's my business to think about the character. Sure, there have been times in my career where I wished I was more popular or more this or more that - but that's just stupid.
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