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Thursday 1 September 2016

Self-Appointed CEOs In Early-Stage Startups: How To Lose A Company In A Week

Destroying a company in a week is a bit dramatic. Still, even if you have a killer idea, it’s pretty easy to wreck a company before you even get started—especially if you don’t put the right leadership in place. Over the years, I’ve seen many startups with great potential flounder and fail because the CEO, who also happens to be the founder, had limited experience. Self-appointed CEOs are one of the major reasons that many startups go under. Yet many entrepreneurs don’t realize or believe it. Instead, their egos consume them. I can’t tell you how many times I’ve met the next Mark Zuckerberg. Subscribe Now: Forbes Entrepreneurs & Small Business Newsletters All the trials and triumphs of building a business – delivered to your inbox. I meet with hundreds of entrepreneurs each year and deal with many early stage companies. I love this part of my work – engaging with entrepreneurs who have passion, vision, and want to introduce new ideas and change things. Each entrepreneur faces the ongoing challenges of non-stop hard work, late hours, continuous planning, team and culture building, and the ultimate challenge – hunting for money (hopefully, smart money). It takes a lot of stamina to execute flawlessly—and these are just the known challenges.

from Forbes - Leadership http://ift.tt/2c4gsfa

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