Preparing For Downturns – Panic versus Prudence
October 21st, 2008 • Related • Filed Under
Seth Godin wrote this morning:
One secret of ’small is the new big’ thinking is that you won’t fail and you can’t fail and you don’t need to worry about a bailout. Not because you’re small in headcount or assets, but because you act small.
A small acting bank would never have invested in tens of thousands of loans that they hadn’t looked at. And a small acting startup wouldn’t hire dozens of people before they had a business model… and then have to lay off a third of them just because their VC firm showed them a scary PowerPoint. Seth’s Blog
It makes me think about the announcements this week by Trulia and Zillow. I wonder if he was looking at the real estate start ups when he wrote this.
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Comment by Jean Louis R on 21 October 2008:
I always thought that prudence and perseverance are the key to success. Thanks!
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