Tag: Jim Collins

“Take care of yourself physically, emotionally, and spiritually…” – Jim Collins

“…Get enough sleep. Stay healthy.  Get some exercise.  Have diversions. Read. Converse with interesting people. Expose yourself to new ideas. Spend time in solitary, renewing activities.  Do whatever is necessary to keep yourself vibrant, stimulated, growing, and alive as a human being.”

The previous post left open the question about finding balance.  Dr. Collins has provided an answer.

“Charisma does not equal leadership.” – Jim Collins

Passion is important.  Charisma can help but it’s results that count.  The best business ideas don’t always win the pitch contest.

Charisma can get you to the first meeting but sooner or later, your business model must stand in its own.

Leaders promote the cause and have a plan.  Therefore the cause must be worthy and the plan must be well thought out.  Then add the charisma.

“Hedgehogs…understand that the essence of profound insight is simplicity.” – Jim Collins

The Hedgehog Concept described in Jim Collins’ “Good To Great”  is a great tool for developing a strategic vision for your startup company.  It is the intersection between what drives your passion, what you can be really good at, and what can make you money.  These are the essence of a good startup.

Read “Good To Great” by Jim Collins

“A micro-manager doesn’t trust his people and seeks to control every single detail and decision; he believes that ultimately, only he will make the right choices.” – Jim Collins

When the time comes to hire your first employees, choose carefully.  The tendency is to hire people you like that are similar to you.  Culture is important.  But err on the side of skills and experience and let your people do their job.  Share information.  Be open and transparent. Show trust.  Communicate the vision, not the method.  Inspire, then get out of the way.

Read “Beyond Entrepreneurship” by Jim Collins

“The number one respsonisibility of a leader is to catalyze a clear and shared vision for the company and to secure a commitment to and vigorous pursuit of that vision.” – Jim Collins

As the CEO, the Leader of your new company, this is your job.  Even though you may not have any staff right now, you still have to inspire those around you to join up with you in pursuit of your vision.

If you’re the person who created the solution or the one who is developing the technology, this can be a hard transition.  Why?  Because science or engineering is what you’re good at and you’d rather do the things you know you are good at.  In fact most people, when presented with two options, will gravitate toward the one they are most comfortable. This gets worse under stress.

When you start a company, you either have to take on this leadership responsibility and find help with the technical, or keep the technical and find your leader.

It can’t happen part-time…

Read “Beyond Entrepreneurship” by Jim Collins