Reid Hoffman, the co-founder of LinkedIn, knows a thing or two about business success. LinkedIn was founded in 2002 and sold in 2016 for $26B USD. Not a bad rate of return for “only” 14 years of work!
Prior to LinkedIn, Hoffman was involved at Apple, started SocialNet.com, and was an integral part of Paypal’s success and its subsequent sale to Ebay. Hoffman knows business so when he shares some of his husiness secrets, we should all take notes!
Recently, he spoke about 11 components to his success on Timothy Ferriss’ podcast (episode 248). Although he calls them commandments of start up success, they apply equally well to any successful business. I have been able to apply each of these commandments in any business that I have been involved with. Doing these 11 things well will definitely accelerate your business!
I have listed each of the 11 commandments below along with my brief commentary on each point.