There has never been a shortage of really good ideas. These include designs and patents on a variety of goods and/or services to be offered at the various levels of distribution within our economy at home and abroad.
No, the issues have always been the following:
- Will the idea work?
- How do we do that?
- Where do we start?
- How do we get it funded?
- What’s the most cost effective and efficient way to begin?
- How do we deploy technology to assist in this venture?
- How do we attract the right employees and/or sales team to launch?
- How fast can we bring this to the market place?
- Who do we know?
- What will strategically help us?
- How much infrastructure will we need to deploy?
- Can we execute against the business plan?
Experience has taught us that the same people who demonstrate vision do not always know how to lead. Someone once said, “50% of being smart is to know what you’re either good at or knowing what you don’t want to do.”
Another phrase important to me is: “There’s no limit to what a man can do or where he can go if he doesn’t mind who gets the credit.” Former President Ronald Reagan said that.
And finally, my Father taught, “As you amble on through life, whatever be your goal, keep your eye upon the doughnut and not upon the hole.” Substance over form is the lesson to be applied.
Balancing these beliefs has allowed me to understand leadership and management in any business scenario. No matter what the product or service, these principals work effectively and efficiently to quickly reach the objective of any new start-up, profitability.
Utilizing the concept and competitive nature of Teams allows the start-up to quickly establish itself as a front runner. Understanding the role and importance of communication and technology in the success of any venture is the key to its future success. Developing corporate culture and character is the key to its longevity.
Balance is created understanding the need for structure while establishing sales, service and support mechanisms. Often overlooked are the rules of accounting, the needs of personnel employed and certainly the immediate needs of customers and/or clients. Any one of these issues, overlooked can be a recipe for disaster.
The leader accepting the responsibility to build an organization within any industry must have a firm grasp of all of these principles because leadership, within the company or within an industry, begins at the top with the ability to execute the plan.
If you’re a Startup, you may also want to see this. Click here.