1. Expect the Unexpected: Adapt quickly to changes and have backup plans. For example, if your primary supplier fails, have alternate suppliers ready. Flexibility helps seize unexpected opportunities.
2. Outsource Early and Often: Delegate routine tasks to focus on core business activities. For example, hire freelancers for administrative work, allowing you to concentrate on strategic planning and growth.
By Danielle Sabrina | AUG 5, 2024
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FORBES – Self-assured leaders often appear in the news, but their confidence can sometimes mask dangerous hubris. Hubris leads to overestimating abilities, ignoring others’ input, and taking reckless risks. To prevent this, leaders should balance confidence with humility, actively seek feedback, and value others’ contributions. Cultivating self-awareness and self-control through regular self-reflection helps maintain this balance. By recognizing limitations and appreciating team input, leaders can avoid isolation, poor decisions, and ethical pitfalls, ensuring long-term effectiveness and respect.
By Kathy Miller Perkins | JUL 16, 2024
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BUSINESS INSIDER – JUN 7 – Alexis Ohanian, cofounder of Reddit, offers four essential tips for startup success. He emphasizes the importance of prioritizing customer needs, maintaining resilience, and adapting quickly to market changes. Ohanian advises entrepreneurs to focus on building a strong company culture and leveraging the power of storytelling to attract and retain customers. He also highlights the need for continuous learning and self-improvement. These strategies, drawn from Ohanian’s experience, are crucial for navigating the challenges of the startup landscape and achieving long-term success.
By Beatrice Nolan | JUN 7, 2024
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FORTUNE – Jan Sedlacek, founder of Stryber, emphasizes the necessity of merging startup agility with corporate strength to build successful ventures. Drawing from his experience with over 100 business ventures, Sedlacek underscores the importance of a clear vision, financial goals, and effective governance. He advocates for systematic M&A and venture building approaches, asserting that sustainable success comes from acquiring and building new businesses. This strategy, he believes, can help both startups and established companies thrive.
By JAN SEDLACEK | JUN 11, 2024