2015 is the time to start afresh. Every business owner must have their new year’s resolutions ready by now. If not, then he can take a few tips from this post and prepare himself to go all guns blazing!
If you’re anything like most entrepreneurs, you love the idea of the startup. It’s always an exciting time to be in the startup phase of a new business. However, this can also be a very volatile time, as it really matters how you make use of your resources. Here are a few tips for startup …
2. Be Flexible AGREE and don't let anyone tell you "startups do it this way" they are full of it. Startups do it every way.
3. Don’t imitate large companies. AGREE small is the new BIG. Better to be nimble and fast these days. Trying to be something you are not is a fool's errand since everyone knows everything all the time.
4. Differentiation & USP Beat Innovation. AGREE execution matters more than ideas no matter how sexy the idea.
5. No Org Chart Thinking. AGREE, everyone needs to do everything all the time. Some roles and responsibilities need to be defined, but loosely so. Better to step on each other than create "not my table" thinking.
6. No Glam or Funky Titles Agree, the Chief Party Hardy Man is dated and stupid. Don't go there and don't use big sounding titles. I prefer FOUNDER to CEO.
7. Don’t evangelize repeatedly your vision and strategy. DISAGREE STRONGLY This is strange advice. I wear my startups logo DAILY and will give our elevator pitch to strangers and it gets a little better each time. Once I can do our pitch in my sleep and see recognition instead of a thousand yard stare upon reception then I will slow down the pitching practice.
8. Don’t look for extra skilled or over qualified personnel. Agree there is no silver bullet and that includes people. If you get some massively talented guru level talent they will be too hard to work with in a startup environment. .
9. Don’t set numerous, unclear or unrealistic objectives. Agree - see point #1 about becoming a NOWIST.
10. Don’t ignore the strength of the team. Agree ad would add BECOME a team. You must be one for all and all for one with each member realizing and acting on the "sum of the parts is greater than the whole" idea. No I in team and that means sacrifice ego at the door of any startup. No one can do that 100% but TRY.
Three years ago, entrepreneur Maurice Brewster made one of the best business decisions of his life: He signed his limousine company, Mosaic Transportation, up for IBM’s Supplier Connection – a collaboration between small businesses and the supply chains of Fortune 500 corporations
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