In an entrepreneurial organization talent counts but loyalty & stability is more important
Next We had some brilliant employees in the company. They came, learnt some more & went out. In contrast, we have people who may not be brilliant but are hardworking & loyal. Their loyalty gave the company strength specially when chips were down. During times of difficulty some even refused to take their legitimate pay […]
Do not panic. “This too shall pass”
Next My company has been hanging there for more than 16 years. It has seen some of the most difficult times. I lost many important managers, cash shortage has been catastrophic. We have thrice escaped going bankrupt. And through all the disasters we have emerged an organization that is highly productive, innovative, resilient & strong. […]
Ego: The ultimate Spoiler
Next I describe ego as the “Desire of the mind to put I first”. This can have positive or negative implications for an organization. An example of positive implication is when an entrepreneur wants to have profits to show to the world “he has arrived”. Unfortunately ego mostly has negative implication to an entrepreneur, his […]
Performance is important. Consistent performance is ultimate
Next Performance of a company is reviewed mostly thought financials, available once a year. The more a company splits its review cycles into smaller durations, the better. I have found an internal weekly review cycle optimal for operational parameters, (Sales, project execution) monthly for tactical (Sales & marketing campaigns, product quality reviews) & once in […]
Funding is Important. Internal Revenue Generation Is More Important
Next Revenue generated by start-ups gives them ultimate measure of confidence. It also teaches them value of money. Earning every dollar in the first year is many times more difficult than in later years. Earning it hard way you also realize its true value. The single biggest lesson by the business world from the collapse […]
