I've been an entrepreneur all my life, with extreme highs and extreme lows. This blog deals with aspects of that journey; mistakes I've made, things I got right, and what I've learned along the way.
Monday, March 25, 2013
Get Stuff Done
Getting stuff done is at the root of any business venture. It may sound trivial, but many startups strategize themselves right out of business because they don’t get stuff done! Launching a business and turning it into a revenue-generating enterprise is daunting. Becoming self-sustaining and profitable all the more so. However, that is just the warm-up drill; the real chore is to stabilize, manage and grow that business in an ever-changing world.
This is especially true for my company Intech Creative LLC, a software technology and wholesale web services company. New frameworks, platforms and tools are evolving in the marketplace every day, creating the delicate balance between “doing” and “learning” that has to be maintained to remain viable.
According to Eric Schmidt, Google’s chief executive ofﬁcer, the world creates 5 exabytes of data every two days. That is roughly the same amount created between the dawn of civilization and 2003. Take a moment to absorb that concept!
With all the data being created, technology is expanding and evolving at an exponential rate to accommodate it. Cloud computing has become all the rage; mobile is in its infancy and still mind-boggling, and Big Data is the new holy grail to company planning. And while the newMicrosoft Surface software and the flexible tablets being developed by Plastic Logic and Intel are amazing, the next five years -- with holographic computers -- will make many futuristic sci-fi films look severely out of date.
Every entrepreneur has different skill sets. Some are great visionaries, but terrible managers. Others are great with people-interaction yet poor with content and business process.
Whether your strength is abstract, analytic or managerial those that thrive and succeed are those that recognize their own shortcomings as well as they recognize their strengths, and like a basketball team built around a great scorer, for example, can assemble a team to enhance their strengths and fill the gaps of their own shortcomings.
The older we get the less insatiable our ego-driven appetite becomes. This is a good thing. While a healthy ego is a needed ingredient for success, one also requires a bit of humility -- to not only openly admit our shortcomings to others, but ourselves, which allows us the willingness to seek out and acquire the skills and knowledge we lack.