We all have way too little time on our hands, and when starting a business, time and focus will shift further. The success of your startup has three sources: focus, focus and focus. So instead of making a complete dashboard (something that I do however recommend in most cases), there is a minimum of measurement your startup needs:
If you would as me today to divide starters (end entrepreneurs for that matter) in two divisions, my first choice would be to see who is becoming an independent craftsman on the one side, and the entrepreneurs willing to create “a company” on the other side. This article is not about who’s right or wrong, but I wish to express my concern for entrepreneurs, especially in the Flanders area, that believe becoming king of the village is the highest possible objective for their new company or venture.
Great chat last week with the proud manager of a young company, that has made the gap in becoming profitable now. Not easy, and really a great achievement.
Bit strange however when he told me about all the changes he would now make in the company… (more…)
Innovation is difficult.
There, how’s that for kicking in open doors. In most companies, the main focus is on the “invention” part of innovation: people are stimulated individually, or in R&D teams, to find new technologies or creative ways to do business. However, this is not the most difficult phase of innovation. Getting the innovation into your business is…