When Times Are Tough, Give Your Team This Pep TalkIt's one that LinkedIn co-founder Reid Hoffman has given many, many times.

通过Jason Feifer

Courtesy of Masters of Scale

Entrepreneurship is not easy. Not every day will be a good one. And what do you do then?

第一步:你提醒自己你不是阿龙e. "At some point -- and usually at many points -- the startups I've founded or invested in hit dark days," said LinkedIn co-founderReid Hoffman, now a partner at the venture capital firm Greylock Partners, on his podcastMasters of Scale. "The company faces an existential threat. It will live or die on how the emergency plays out. The team is tired. The team is discouraged. The team is scared."

To reinvigorate them, you move on to step two: Find the words that'll inspire them.

Related:10 Truths and Tips on Scaling an Amazing Company From the 'Oracle of Silicon Valley'

When times are tough, Hoffman said he's often delivered a version of the same speech to his team members. And on the most recent episode ofMasters of Scale, he offered a version of it. Here's Hoffman's rally cry:

"If startups were easy, everyone would do it. They're hard. But that hardness is the thing that gives you the chance to change the world. All startups go through a valley of the shadow. All of them -- PayPal, LinkedIn, things that I've done personally, things that I've invested in, Facebook, Airbnb, all have valleys of the shadow where you're like, 'Why did we think this was a good idea? We didn't realize there was going to be this landmine, that it was going to be this hard.' But that's where you have the possibility of being heroic, of accomplishing something that no one else has done, of making a change in the world that gets reflected into society and changes millions of people's lives. And that's the reason why you face down these dark days, you band together, and you work very hard to solve them. And that's your chance to be heroes."

Try your own version of that the next time your team needs a pick-me-up. Consider it: People aren't just there for a paycheck. They're there to feel like they're doing something meaningful -- and with your vision, you can create that sense of meaning.

Wavy Line
Jason Feifer

Entrepreneur Staff

Editor in Chief

Jason Feifer is the editor in chief of狗万官方magazine and host of the podcastProblem Solvers. Outside of狗万官方, he is the author of the bookBuild For Tomorrow, which helps readers find new opportunities in times of change, and co-hosts the podcastHelp Wanted, where he helps solve listeners' work problems. He also writes a通讯called One Thing Better, which each week gives you one better way to build a career or company you love.

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