Side Projects Will Sidetrack Your Business
Entrepreneurs are typically idea people, which means they have, well, lots of ideas. Resist the urge to pursue ‘side projects’ and short-term revenue. I know how tempting it could be, but it will detract from, and potentially endanger, the larger goal.
Hire People Smarter Than You
What I try to do is hire people who are smarter and more experienced than I am. I’ve really had to learn not to micromanage. It’s hard but crucial. To grow a company, you need to hire smarter, more experienced people, give them clear metrics for success and the resources to carry out their tasks and then get out of the way and let those people get the job done.
By criticizing, we do not make lasting changes
The world-famous psychologist, proved through his experiments that an animal rewarded for good behavior will learn much more rapidly and retain what it learn far more effectively than an animal punished for a bad behavior. Later studies have shown that the same apples to humans. By criticizing, we do not make lasting changes and often incur resentment.
Humans don’t desire too many things, but few things people crave with insistence that will not be denied. Some of the things that most people want include:
1. Health
2. Food
3. Money and things money can buy
4. A feeling of importance
The Cure For A Lack Of Self-Motivation Is A Business Partner
Without self-motivation, you’re doomed as an entrepreneur, since there’s no one to egg you on or watch over your shoulder.
If you’re not, the way to mitigate this risk is pretty simple: Get a business partner.
Challenge Employees And They’ll Rise To The Occasion
People love to be challenged. If the challenge is reasonable, or even slightly unreasonable, they love it and they rise to the occasion.
People love to be challenged and they love to show off their skills and talents.
Marketing Is For Companies With Sucky Products
If you build something that is amazing people will adopt it because it is amazing.
And you won’t have to do much marketing, at least at the start.
Don’t Skimp, You Should Always Over-Deliver
If you always over-deliver, it is going to draw attention and you will likely be successful.
Attitude Trumps Skill
The word we like to use is ‘attitude.’ We say this almost in an exaggerated fashion, but just to make the point, we almost want to take attitude before skill — the right attitude, the right desire to get it done and never give in.
Smart people in the neighborhood of the skill set we need will do better every time than the expert that may have done it four times before but is showing up with sort of a laissez-faire attitude.
Avoid The Rock Stars And Hire Someone You Like
Look for people you like, because no matter how talented they are, the negative is always going to pull down any positive. The second- or third- or fourth-best candidate who isn’t a jerk is going to ultimately provide way more value. Be guarded against that sort of rock-star culture.
They say all the right things in interviews, and then they come in and really make people’s lives miserable. You spend at least a third of your life at your job. You should have a place you’re happy to go to every day.
Let Employees Ask About Anything They Want
If you get people talking and challenging each other, you’re going to have the ability to arrive at the right decision so much quicker and so much easier.
Just make it so it’s a human environment. Do not try to motivate by fear, instead motivate by saying: ‘Let’s win. This is going to be so much fun to figure out. Let’s figure it out together.
IgorReiant.com 