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Culture is Strategy This post is part of my ongoing series exploring lessons from Jim Collins’s book, BE 2.0 Why Culture Matters More Than Strategy People often say “culture eats strategy for breakfast.” Jim Collins takes this further: culture doesn’t just influence strategyit becomes your strategy. .”
(In case it’s not obvious it’s a play on the Nike slogan, “Just Do It.&# ) I believe that being successful as an entrepreneur requires you to get lots of things done. Entrepreneurs make fast decisions and move forward knowing that at best 70% of their decisions are going to be right. This paralyzes most people.
When Pete approached me for advice, I recommended the “Failure-Proofing” strategy, which is a pragmatic and easy-to-use technique to defend against planning and project disasters. He recruited Ann, a member of the firm’s Advisory Board, to be an independent facilitator. 3 Key Steps to Preventing Disasters in Implementing Decisions.
At the core of Entrepreneurs’ Organization ‘s mission is helping entrepreneurs achieve their full potential. That stark statistic illustrates the tide the entrepreneur wades against in their efforts to create a viable business. Indeed, the life of an entrepreneur brings with it multiple demands: physical.
But as I rose in my career (and post MBA) I moved into a role in which I was to advise board-level executives on topics where I was expected to rapidly become an expert. What is the right organizational strategy for a large UK conglomerate to operate more effectively? We are their sparring partners, their sounding boards.
Being an entrepreneur doesn’t make you a great leader, Creating opportunities for others is commendable, but true leadership goes beyond business ownership. Then I learned about the Entrepreneurs’ Organization and its chapter in Kenya from a friend and fellow member. That’s how a lot of entrepreneurs view leadership.
I’ve written a few posts about boards recently as part of a series on the subject. I admit that I haven’t yet read it but I’ve had numerous discussions with Brad over the years about board structure & conduct and consider him a mentor on the topic. Offering a sparring-partner function on strategic decisions.
For startups, a good Board is better than no Board, but a bad Board is worse than anything. One component of a good Board is a high value add Independent Board Member, which in my experience, often doesn’t get added early enough (for a variety of reasons). I knew I wanted to help build it from the ground up.
She actually IS the prototypical entrepreneur. But Tracy did what entrepreneurs do. Sam is the managing director of Launchpad LA and we were about to pick our 2012 class of entrepreneurs. In the first 5 minutes you’ll realize that she’s a classic entrepreneur. More on that later. That may soon change.
Heidi Zak , Elon Musk, Oprah, Warren Buffet, Kendra Scott , Sara Blakely and Bill Gates—entrepreneurs may appear quite diverse, but they typically share a few key qualities. What makes an entrepreneur? The adage couldn’t be more true than in the context of successful entrepreneurs. A passion for connection.
One of the most common questions that entrepreneurs who meet me for the first time like to ask is, “Do you miss being an entrepreneur? I thought I’d talk a bit about the differences I’ve experienced between being an entrepreneur & a VC – you know, from “both sides of the table.&#. On Being an Entrepreneur.
It was difficult to make the transition to a “top down&# thinker but as a senior executive – and as an entrepreneur – you’re far less effective without this skill in your arsenal. Post MBA I went into strategy consulting where my job was to problem solve for clients. Often I had a very limited time.
I have been writing a series on how startup boards get selected, who sits on them and what to avoid. I started this series in part to help entrepreneurs but also to help newer investors because I’ve know with so many new companies you have so many new board members and many people are trying to figure out there respective roles.
As I undertake a significant next step in scaling my business—opening the Aldea model to interested franchisees across the country—I realize my success wouldn’t have been possible without the Entrepreneurs’ Organization (EO)’s role in my professional and personal evolution.
Associates often shadow partners at board meetings so that they can help follow up with the company on important initiatives between board meetings. I think it’s great for some people because it really does give you some solid benefits: board exposure / experience. Helping be the VC “presence” at key events.
As an EO strategy summit facilitator, I have witnessed first-hand the value of these events for the community. Strategy summits are opportunities for growth, connection, putting steel to the grindstone, and sharpening processes to drive transformation. The other 99 percent? Alignment.
Investors appreciate entrepreneurs with big dreams, so don’t be afraid to aim high. recently released a “Climate Action Strategy” with lofty environmental goals. As an entrepreneur, do more than just incorporate a CSR program into your business plan. Put everything in writing to avoid confusion or misunderstanding.
Wouldn’t we be a bit hypocritical if we talked with entrepreneurs about innovation and change but we weren’t willing to take it on ourselves? Why should investors know all the tricks of the trade while first-time entrepreneurs operated at a disadvantage? What’s up with that? We’ve done all of these recently.
Board Meetings. Now, I’m pretty on the record that being an entrepreneur is about being great at The Do. If you’re not taking this zone-out down time I’ll bet you’re not having enough strategic reflection on your job, your company, your strategy. Conferences. I get sucked up in “Do” mode.
When you set up a board it is often initially a combination of the founders and the early investors. This post sets out how I believe founders (and investors) should think about independent board members having worked with many of them for the past 20 years. When an entrepreneur takes on investors who take equity (i.e.
While it might be tempting to jump right in, it’s important to take the time to evaluate successful outcomes and develop a strategy to achieve your goals. How can you get others on board to help support your vision? Network Navigator: Often, entrepreneurs need a knowledgeable person to help them connect to resources.
I have sat on a board with Howard and have known him a few years. Investing Strategy. The Exchange Fund – This allows the entrepreneurs to diversify their founders stock into other portfolio companies stock. Office Hours – Two or three partners post a sign-up sheet to meet with entrepreneurs.
One area I’ve had much discussion with the companies in which I’ve invested in is bringing on board an operationally focused CFO. I think Ophir would agree that the business was transformed after we brought on board Phil Schraeder at the CFO (and later promoted to COO). And board confidence matters in growing companies.
You can work as a consultant, an interim executive, a board member, a deal executive partnering to buy a company, an executive in residence, or as an entrepreneur in residence. . As a next step, we recommend that you register at the major expert network websites, as well as LinkedIn and job boards, if you haven’t already.
I'm often the last one to leave an event, held back by the most persistant of entrepreneurs trying to squeeze as much advice as they can out of me. Maybe you reminded them unconsciously of an entrepreneur they regretted passing on in the past. I'll show up generally anywhere I get invited to speak. Most startups fail.
As the world’s premier, purpose-built organization with a mission to empower entrepreneurs from every industry, culture, and sector, the Entrepreneurs’ Organization (EO) is a member-led community created for entrepreneurs by entrepreneurs. and more articles from the EO blog.
MyEO DX attracts EO members who are looking to transform or reinvent their business strategies or overall engagement with entrepreneurship. Some MyEO DX members are angel investors and serial entrepreneurs with deep knowledge about the process and strategy behind buying and selling companies. Who is the ideal attendee for DX22?
We don’t lay claim to being the only VC to change or think about the future or to having the only or best strategy. Give direct feedback to entrepreneurs on their businesses or if we’re not investing why it’s not a fit for us. Hamet is a 3x entrepreneur and also former EIR with True Ventures.
With a little patience, forethought, and strategy, you can avoid angel burnout. You need to see more patterns of success and failure than just the ones you experienced yourself as an entrepreneur. You're going to want syndication partners on the deals you find and sounding boards on the thesis behind each of your potential investments.
March 18, 2025) Last week, the New Jersey Economic Development Authority (NJEDA) Board approved the creation of the Next New Jersey Program – AI and the AI Innovation Challenge Administration Grant Program.
Any success as an entrepreneur? He hasn't founded or built either a successful, let alone innovative company, and he hasn't raised $ to invest in those entrepreneurs. So how can a relatively junior VC hope to add any value to an investment and on a board--and is it enough value that you should have one on your board?
Many people think multitasking is a skill that women are naturally good at, but eventually working as an entrepreneur at a million miles an hour will take its toll. As female entrepreneurs, we are independent-minded and innovative, and this advice is critical for securing our future and the future of our families. Stop multitasking.
” List all possible causes of that failure Identify the most dangerous factors Develop mitigation strategies immediately This process helps you see risks your optimism might otherwise blind you to. Their candid feedback revealed a stark truth: The angel investment landscape had fundamentally changed, but our model hadn’t.
A channel sales strategy is crucial to scaling a startup. Evan gets this question a lot from entrepreneurs: “I’ve got great technology that I’m ready to bring to market. Evan says he usually asks 3 rhetorical questions to help entrepreneurs understand what it takes to build a successful channel program: 1.
At every entrepreneur event I through between 2008-2012 I invite Hamet because he was a great mentor for entrepreneurs. Our founder, Yves Sisteron, himself was an entrepreneur earlier in his career and has been a mentor to us all at VC having backed too many billion dollar exits to name. Hamet is an extension of this strategy.
Now more than ever, entrepreneurs and small business owners require support from economic developers driving local economies forward. A partnership to champion entrepreneurs. Entrepreneurs and small businesses are a significant part of economic development that many have only just begun to realize the true importance of.
Have you ever wondered what it’s like to join the Entrepreneurs’ Organization (EO), the world’s largest membership network formed exclusively by entrepreneurs, for entrepreneurs everywhere? The support and insights I gained from fellow entrepreneurs were invaluable. If you’re a new EO member, congratulations!
And I am often approached by entrepreneurs in cities which don’t have a vibrant VC community. When DataSift sets up a board meeting (next one in London, last was in NYC) we have investors from NYC (IA Ventures), SF (Scale Ventures) and the founding team + chairman in London. I travel the country a lot. So here’s the deal.
by Erick Slabaugh, a long-standing EO member in Seattle and former director on the EO Global Board “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” The Origins David Galbenski and I served on the EO Global Board together in 2007. I loved the idea and his vision.
Get involved with non-profits where CEOs serve on the board, attend their galas and events, and get to know the leadership. CEOs may resonate with a higher-end content strategy such as white papers, books, or even a branded podcast. For more insights and inspiration from today’s leading entrepreneurs, check out EO on Inc.
I’m often asked about the differences between being at a VC and being an entrepreneur and whether I prefer one or the other. As I’m fond of saying, “It’s pretty hard to call yourself ‘Upfront’ and then seem like you’re playing games with entrepreneurs.” Authenticity. We can be blunt.
On investment strategies I have “ Deflationary Economics ” 6. I am VERY careful in board meetings and in startup pitches to tell entrepreneurs, “I feel very strongly about my opinion on this topic. On marketing I talk about “ Arming & Aiming ” 4. In the End Go with Your Gut.
One of my favorite entrepreneur-Twitterer weighed in, “You want to keep tapping into their collective intelligence so you keep saying ‘Thank you for the feedback’ and they keep sending it,” Ms. Another founder … “When I pitched the idea to Adam, he was super on board,” Mr. Sloyan said. Morrill said. It’s that simple.
8 Retirement Planning Strategies for Entrepreneurs and Self-employed Individuals In the complex world of retirement planning, entrepreneurs and self-employed individuals face unique challenges. In retirement, entrepreneurs can receive distributions from the insurance company as a source of retirement income.
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