The jury is out. According to research, CEOs, founders, and senior executives all face similar challenges no matter what industry they’re in: building talent, scaling the business, and reacting quickly enough to change.
When you start a business the only thing you’re worried about is keeping your head above water -- paying the bills, generating revenue, and not eating another ramen noodles dinner. That’s it. However, as your company grows more and more successful and demand increases (ideally), the need to scale organizational competencies grows with it. While the need to scale is natural (a fifty person company works differently than a 500 or 5,000 person company), the behaviors that garner success are not. If you haven’t established the right norms, that’s when you look back and go, “Uh oh. We need to change how we do things around here.”
Don’t let it get to that point. Starting a company is one thing; starting it right is another. Just as a house requires a strong foundation to support its infrastructure and withstand unexpected catastrophes, startups are no different. To start off on the right track apply the below practices beginning day one of your new venture:
