It only takes a few Google searches to become overwhelmed by the abundance of information existing about entrepreneurial start-ups. Numerous stories exist on how this or that start-up transitioned into a victorious, reputable business. But, in various cases, you are going to be left trying to fill in the blanks or still searching for case studies significant to your industry or business model.
There is only one dependable method to get your industry to the next level. And that involves putting your faith in tried-and-tested methods that other entrepreneurs have used to make the leap.
Focus on productivity and not only on activity
Shun the busyness trap and question yourself on what you need to focus on today or in the future. Plan in advance so that you know precisely what your next steps are. Leadership expert and Coach Leah Wultschik has distinguished that when leaders engage in all way of busyness, the never ending center to get things done results in decreased creativity. You will constantly be in a reactionary state, leaving you unable to make strategic decisions.
Hire the best talent possible
Surround yourself with world-class workers who bring priceless ideas to the table rather than trying to squeeze what you can out of second-rate employees. Aislinn Malszecki, who oversees content strategy and community at MaRS, suggests the following steps to be a focus for finding the best talent possible:1. Avoid reactionary hiring: Founders frequently find themselves badly in need of help and may hire without looking for the right fit and skill set.
2. Create a buzz for your company: Make use of your reputation and personal network to draw the right kind of people to your business.
3. Tap into your network: In addition to posting jobs on your website and LinkedIn, influence your network as well as the networks of your employees to find like-minded candidates.
4. Building your team is not a subject to be taken lightly: Neighboring yourself with the right people can mean the difference between breaking through and remaining stagnant as a business. Work with people who motivate you.
Partner with an agency
The opportunity cost of doing the whole thing by yourself can add up fast. Work with an agency. The up-front cost of outsourced work will eventually be less costly than trying to do it all yourself.
Patrick Woods, director of customer success at Keen IO, notes the certain challenges of working with an agency. To overcome these hurdles, he suggests:1. Build a relationship with the agency: Take out time to get to know the people you’ll be working with. Determine fit as well as expectations.
2. Communicate: As start-ups tend to move fast, converse regularly and clearly with the agency to ensure you’re on the same page.
3. Understand what the agency can do for you: Elucidate its staffers’ core strengths and competencies. Establish what tasks you’d like them to take over and which you’re looking to handle in-house.
Beware of negativity
Lack of enthusiasm can poison the waters of your entire company. On the other hand, being confident will instill a sense of confidence in your employees. They will follow you more eagerly. Best-selling author and keynote speaker Jon Gordon has pointed out that negativity can affect the morale, presentation, and output of your team. Negativity can also lead to decreased energy and increased stress. When it comes to creating a positive work environment, the responsibility lies with the leader. You need to set the tone for your team to draw the best out of them.
James Schramko of SuperFastBusiness is an advocate for getting more rest and sleep. Schramko points out that good rest can help you boost your performance. The cost of losing sleep is important and can include: depression, a weaker immune system, memory issues, obesity and more. The cost of burnout can be particularly high if you make yourself incapable of working for an extended period of time. Consider the costs before letting yourself get to that point.
You will not be able to do it all. No one has more than twenty four hours in their day and we are all very busy. Derek Sivers, the founder of CD Baby, has said that he lives by the “Hell, yeah!” or “No” philosophy. He explains that saying no to most things leaves room in your life for the few things that get you truly excited. If you find yourself wavering between a “yes” and a “no,” he suggests choosing “no.” Only say “yes” to opportunities that you cannot pass up.
Transitioning from a start-up to an established business can take time. Do not hurry the process pointlessly. When all of the right pieces are in place, you will be able to shift easily from one stage to another. If you try to force the issue, you may end up with more troubles than you bargained for.
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