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A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.

Tim Ferriss

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Tim Ferriss
Age: 47
Born: 1977
Born: July 20
Author
Businessperson
Investor
Podcaster
Technology Evangelist
Writer
East Hampton
New York
Tim Ferriss
Massive
Layoffs
Jobs
Layoff
Best
Entrepreneur
Traded
Mean
Companies
Recession
Time
Competition
Recessions
Available
Publicly
Cost
Hire
Company
Lower
Means

More quotes by Tim Ferriss

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Luxury, to me, is not owning a lot of stuff. Luxury, to me, is feeling unrushed.
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If you don't have time, the truth is, you don't have priorities. Think harder don't work harder.
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The opposite of love is indifference, and the opposite of happiness is boredom.
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If you spend your time, worth $20-25 per hour, doing something that someone else will do for $10 per hour, it's simply a poor use of resources.
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At its core, I don't view Facebook as a social network. I think it could become the driver's license of the Internet. And beyond that, it can become the pipes and the plumbing upon what most of the Internet is built. I think it's very well positioned.
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Money is multiplied in practical value depending on the number of W's you control in your life: what you do, when you do it, where you do it, and with whom you do it.
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I have plenty of money to do what I want to do, and I have the relationships.
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Uncertainty and the prospect of failure can be very scary noises in the shadows. Most people will choose unhappiness over uncertainty.
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You can enjoy stargazing just by going out and learning a couple constellations with your kids.
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What you do is infinitely more important than how you do it.
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What do you want?' is too imprecise to produce a meaningful and actionable answer.
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It is predicated on the assumption that you dislike what you are doing during the most physically capable years of your life. This is a nonstarter—nothing can justify that sacrifice.
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If everyone is defining a problem or solving it one way and the results are subpar, this is the time to ask, What if I did the opposite? Don't follow a model that doesn't work. If the recipe sucks, it doesn't matter how good a cook you are.
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Lack of time is actually lack of priorities.
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It is far more lucrative and fun to leverage your strengths instead of attempting to fix all the chinks in your armor. The choice is between multiplication of results using strenths or incremental improvement fixing weaknesses that will, at best, become mediocre. Focus on better use of your best weapons instead of constant repair.
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I think about willpower almost never. I realize for myself, trying to be more disciplined is pretty nebulous and it's often a slippery target. For me, I've just thought about incentives.
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Information is useless if it is not applied to something important or if you will forget it before you have a chance to apply it.
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If we define risk as 'the likelihood of an irreversible negative outcome,' inaction is the greatest risk of all.
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Creating demand is hard. Filling demand is easier. Don't create a product, then seek someone to sell it to. Find a market - define your customers - then find or develop a product for them.
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Someday is a dis-ease that will take your dreams to the grave with you.
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