Thursday, March 20, 2014

Startup Leadership

I read a great book - Startup Leadership - How Savvy Entrepreneurs Turn their Ideas into Successful Enterprises.  From the title, you can tell, it is right in my sweet spot (although increasingly I am thinking I should consider working more with companies that want to go from $50,000,000 to $250,000,000 or even $1B since there are less people with that have done that.

I loved the book purpose "to help entrepreneurs succeed".

One point the book makes that I completely agree with is "know yourself".  The better an entrepreneur knows themselves, the more likely they are to succeed.

It speaks about the 3 basics - Projects, Process and Culture.  I am a big believer in Process.  The ideal business is one where you can build a replicable process that can be scaled.  And the job of the leader is to constantly polish the process.

Good culture allows decisions to be made easily.  The larger the company, the more the leaders job is to "coach on culture" and let others make decisions.

There is a chapter titled "Organizing to Succeed". This is key to success.

I loved the appendices that include things like "Traits, skills and motivations  of a good entrepreneur" and "5 prerequisites for change".

The final chapter speaks of "selfless acts of entrepreneurism".  The gist of it is "work for the good of the company, the staff, the customers" to build a great company.  Entrepreneurial leaders selfishly help others.

It almost inspired me to start a new business - that is how good it is.
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I knew chocolate was good for you.  Runners World has a new article on it.  I have a small investment in a chocolate company - Sweet Riot so buy theirs.

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I have always had an interest in efficiency (hence my book on time management).  I have studied speed reading.  So I was interested when a friend sent me a link to Spritzing.  I have not used the app but will try it.  

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