September 30, 2014

System for Startup Success

Think - Plan - Do - Repeat




System for Startup Success

Think    
     Emotion flames startup creation. Reason takes chaos and optimizes the path from thought to reward. Objectivity is as essential as passion. Think big, start small. The first mistake is to think too little, the second is to think too much.

Plan
     Write your thoughts for clarity. Define the big why, the strategy, who does what, by when, for how much. Include checklists, key performance indicators. timelines and responsibilities. 

Do
     Ideas gain value only by action. Execute the plan as it is written. Measure the results of actions and practice continuous improvement. See the Startup Action Checklist.

Repeat
     Consistent rhythm creates predictable results. Accelerate the process.





Startup CEO Action Checklist

Inline image 3  Focus - Limited resources require limited objectives. Prioritize. Concentrate on the top two. Deny shiny objects to give energy to essentials. Make managing a competitive advantage. Delegate.

Inline image 3  Recruit - Share the dream to build a 5-star core team, top down: board of advisors first. Hire slow, fire fast. Reward superior performance. Always be recruiting. Leverage is the startup spinach.

Inline image 3  Sell - Cash is the life blood of the business. Sales solve all problems. Sell value to customers or sell equity to investors. Sell the mission to all. Create, maintain, improve and expand your selling systems. 

Inline image 3  Build - Expand methodically from a balanced business. Create products based on customer feedback. "Do it, Document it, Delegate it." Build a strong body and peaceful mind to endure the journey.

Inline image 3  Test - Continuous improvement requires continuous experimentation. Feedback is the raw material to build your business. Everything is a prototype. Do good now, make it better later.