Sometimes, being an entrepreneur is all about getting back down to basics. Simple can be best, and knowing the nuts and bolts of the startup world is key to rising to the top.
When you get swept away in the glamour of fulfilling your dreams, it’s easy to forget the fundamental principles of implementing inspiration, building a solid foundation, and keeping your operation running efficiently. This week’s Gig economy news is about do’s and don’ts for different aspects of entrepreneurship.
The Simplest Organization “Hack”
Remember when you were just starting out, you would grab a pad and pencil and write out a checklist of things to do? Now, you’ve got a million organization apps and all of your to-do items are in the cloud. But over at Inc, there is an argument being made for the simple, down-to-earth checklist. In the article, Paul B. Brown makes a good point that checklists help you review and remember all of the steps along the way to achieving your goal. Whether you think you can remember everything, or you think there’s a better way to stay organized, he makes some good points to consider before you scoff at the classic method.
On Being a Leader, Not Just a Manager
Whether you are managing a single person who helps you out here or there or a team of employees, the principles of effective management stay the same and are easy to forget in the hectic day-to-day work. Here are Fox Small Business’ 6 top tips for being an inspiring leader:
1. Be future thinking – Build a culture of motivation by creating opportunities for your workers through promoting internally whenever possible.
2. Share examples – Let your team know you understand their struggles and failures by sharing some of your own occasionally.
3. Send messages designed to inspire – Be conscious of the effect your words can have in promoting a positive office culture.
4. Remember, good behavior is contagious – Reward and praise your employees and the desire to do good will spread.
5. Realize that consistency is key – Consistent positivity will yield much more effective results than fair weather encouragement.
6. Just ask – Your employees are individuals, driven by unique goals. Find out who they are and what motivates them in order to most effectively lead and incentivize.
Top Questions to Ask Your VC
When a venture capitalist firm is interested in investing in your idea, it’s easy to be so flattered and caught up that you forget to look out for your side of the bargain. Bo Peabody, a venture capitalist with 20 years of business experience, reminds us that VC investments are a two-way street. He shares with Tech Crunch his top questions that an entrepreneur should be sure to ask when working with a venture capital firm. His main point: the investment is mutual.
Entrepreneur A-B-C’s
We said this week was about back to basics, so here from the Wall Street Journal is a quick guide on how to decide if entrepreneurship is for you. We know you are entrepreneurs already, even just at heart, but it is nice to get a reminder of what it’s all about once in a while and why we are so drawn to entrepreneurship.
What do you think is key for staying level even as your business demands rise? Tell us in the comments!
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