Showing posts with label starting out. Show all posts
Showing posts with label starting out. Show all posts

Monday, September 03, 2007

See a Problem, Seek a Solution

I was taking this class one time at my University which had an elderly gentleman as the guest speaker for the day. The subject under study was the first things any startup would do to get things going. For some reason, the professor decided to ask me a few pointed questions right from the get go which I had to answer right away. Among those many questions, he was trying to inquire what would one do at the start of the setting up their organization. Naturally, I responded, as any business major would do with buzz words like, visions and mission statements, the goals the objectives and yada yada yada. And the professor would studiously jot all my points down on the white board asking the whole class to comment and add. Everyone started contributing and building on what I was saying. Suddenly, the guest speaker stopped us all. He went to the board, and crossed out everything that was written and looked back at us all with a stern look and said,

“This is not what you do. This is not how you start off with. You are all wrong!”

Everyone, including me were taken aback and had confounded looks on our faces. You could hear the pin drop in the room. Is this not what we are taught day in day out? What does he mean?

“You see a problem, and you try to find a solution to that problem. That is how you start. And that is how you build your company. These visions and missions come later, way later.” he replied in a quiet and gentle manner.

That elderly guest speaker was no other than, Andy Grove, the co-founder and ex CEO of Intel Corporation.

“When we started Intel, we had seen a problem. We worked towards finding a solution to our problem and we built our company around it. That is how successful companies get built and run.” he added while gazing at our empty and confused faces.

He was so right. I began to think back. In 2002, when I co-founded BrightSpyre, it was based on a problem that we had seen. There were no websites for job advertisements in Pakistan. We built our company around solving that problem and later that idea spawned a whole industry in the country. Today, five years later, a new job portal gets launched every few months in the country.

Moral of the story. Find a problem, something that needs a solution. Once you have identified it, then build your business around it. And you shall see your ideas will have better mileage than blindly following someone who spends lots of time on documents, business plans and presentations. These things are important and will definitely be required at some later stage. But during startup, they are not as helpful.

Sunday, May 20, 2007

Starting Out

When entrepreneurs start out, they usually like to do it with in small teams. Usually, a fews guys and gals will get together to do something really interesting and innovative that will change the way things are done.

It is easy to start out with a bunch of friends, but it is quite difficult to last the distance. Especially, when the going gets tough. Here are some basic traits to look for when starting out.

Sharing the same passion:
You and your friends might be excited about a brilliant new idea. But not everyone will be able to believe in it with the same passion as you do. It is imperative that your friends and you are following the same dream, the same vision and have the same passion. Otherwise, sooner or later there will be trouble. In my personal experiences of starting up businesses, I have found on many occasions the startup teams move apart after a few months as they do not share the same passion and have different ideas of how to go about their business. This experience was also confirmed by other budding entrepreneurs.

If the partners do not share the same passion, vision and goals, there is every likely hood that the organization will move apart. Or for worse, will crash even before taking off. This must be cleared up and should be revisited on a regular basis. Visions and goals do change as the market dynamics change. But what ever the case, always discuss and get on the same page and be as inspired as everyone on the team.

Define clear cut roles:
In a startup environment, usually everyone does everything. But still, there needs to be some definition of roles and some responsibility assigned to everyone. One of the team members could take over the software development aspects, the other could manage the sales and marketing. A third could be the finance guru on the team. Defining what one will contribute will bring about major productivity gains for your startup. But make sure that the roles are not just on paper and are actually implemented. A good way to have a check is to have regular meetings and see how everyone is doing and contributing.

There will be occasions when one of the members is not contributing enough. It is imperative at the early stage for everyone to be working over 110%. Hence, help the person move ahead and help him/her understand the role. Maybe, try reassigning the person and give him new roles within the organization. See what he/she is good at and make him do that.

If the person still does not improve, it is time to cut him off. Send him on vacation or move him out. A dead and non contributing partner will only slow things down and will cause the organization to slow down as well. His contribution will not be productive for the organization and can also cause other employees to lose focus as well.

Strong Communications:
This cannot be said enough. There are times, when the teams stop communicating completely. They tend not to share their feelings, especially if they have some wood over others. It is imperative that the members communicate and share all issues and problems openly. Keeping everything inside will not help and will only bring about further cynicism.

Strong communications is the foundation for a strong and growing organization. Have regular meetings and sessions and regular exchanges of emails, phone calls etc to be on the same page. The sales team should know what the software team is doing. The software team should know what the management wants and what are the targets and deadlines. And so on and so forth.