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.
Tags: competition, time, you, best

Other Quotes by "Tim Ferriss"

Rather than spend my life on data entry and typing, I also take photos on my iPhone of business cards, wine labels, menus, or anything I want to have searchable on-the-run.
Tags: wine, my-life, business, life
When I left the U.S. for the first time, I spent my first year abroad in Japan. That culture shock and abundance of new stimuli combined with a lack of guidance forced me to develop my own approaches to learning and juggling.
Tags: culture, time, me, learning
I think time management as a label encourages people to view each 24-hour period as a slot in which they should pack as much as possible.
Tags: view, think, people, time
I think there's a difference between having a bestselling book - meaning through marketing, PR and buying that first wave of customers - and writing a bestselling book. The second implies that the product propels itself to the best seller list.
Tags: meaning, book, think, best
One of the great things about stargazing is that it's immediately at hand for so many people. You know, you could get into scuba diving or bird watching, but the stars are always up there.
Tags: bird, stars, great, you
View More by "Tim Ferriss"