30 November 2013

It's hard to create and manage a start-up

A couple of items on the pressures of managing a start-up:

The first recognizes the psychological pressures there are on company founders. It should not stop you from starting a business, but knowing what might happen helps you prepare for it. BTW, many of my early coaching clients were start-ups. I help them, and I help people today, with both the strategic and financial planning, as well as being their 'hand-to-hold' when things get tough. After all, in those tough early months who can you share things with?:
  • family - rarely they have enough to worry about, especially if you are the major breadwinner; 
  • friends -perhaps, but you want them to see you as strong and successful, not a whiner
  • investors - no way! They don't want to feel any more nervous about the start-up then they already are
So, talk to a coach - like me :) - someone that understands start-ups and works to help people all the time. Email to me here, or leave a comment.So, here is the link I promised.

This second item deals with reasons for failure. They are common enough, especially the micro-managing one. You know the problem: the start-up is your baby, maybe you've invested everything you own and you gave up a well-paid job to do it. So, you want to make sure everything that everyone does, all the time, it what you would do. Mistake!  Read more here.  Whatever happens, never give up:


No comments:

Post a Comment

Please let me have your comments here: