Too small to fail

http://sethgodin.typepad.com/seths_blog/2008/10/too-small-to-fa.html

by qhoxie • 18 years ago

24 7 18 years ago

sethgodin.typepad.com

qhoxie• 18 years ago

If you act small and think big, you are too small to fail. You won't need a bailout because your business makes sense each and every day.

Poetry. It's what all the intelligible commentary comes down to: work within your means but also to the extent of them; don't let it slow you down any more than it has to.

redorb• 18 years ago

I have been drinking his kool-aid since I read bootstrappers bible

http://www.changethis.com/8.BootstrappersBible

mixmax2• 18 years ago

This is rahter simplified. What brings large companies down is always a mix of things that go wrong. There are external factors that come into play, and will affect your organisation no matter how well prepared you are.

As an example one of the largest banks in my country has always acted responsibly, never done anything without careful consideration, and not been involved in the whole subprime mess. Yet because of external factors (in this case bad management of other banks) their stock went down 30% in three days and they were probably on the brink of bankruptcy.

Whether you act small or not as a large company it will not insulate you from external factors that you have no control over. The best you can do is to have contingency plans, which large corporations are extremely good at.

ajm• 18 years ago

I'm sorry but I don't understand how a responsible bank, with no subprime holdings, can be "on the brink of bankruptcy" because their stock dropped 30%.

eru• 18 years ago

Who said 'because'? I only see an 'and' in the original post.

Too small to fail

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