There are a few key attributes that people need to have when working for a start up enterprise...If I did a paretto of causes leading to failure off a start up No 1 for me would be honesty...Honesty in your product ...Honesty in your staff...Honesty in yourself...
Many companies are blind to the competion and the progress that they are making and are not honest in the position of there own product wrt the market...is it going to make it and excel or is it a same as product....they pull the "head in the sand" trick...It is criminal for a leader to do this...he off all people must make sure that he has an honest company....if that means taking the bad news to the VC'S then so be it....he has a better chance of getting employed again if he is honest and does not lead te VC's a merry dance down a one way street...at least give them the option to get off...they may supprise you and let you change the street as well...off course you may have on the board an "ex Israeli tank commander" and that may be more difficult...but honesty always wins through in the end...
slainte
Keltie
This a record of my life, work and play as a Serial Entrepreneur, raised over £150 million and founded / co-founded six companies, listed one on the AIM and made trade sales of three others.
1 comment:
Great site lots of usefull infomation here.
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