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.
Reid HoffmanWhat is an entrepreneur? Someone who jumps off a cliff and builds a plane on the way down.
Reid HoffmanEverything in life has some risk, and what you have to actually learn to do is how to navigate it.
Reid Hoffman