As we watch the news and pandemonium the media is creating about the swine flu today, it should remind entrepreneurs that disaster planning is no joke. Of all the entrepreneurs I have asked about disaster preparedness in the last couple of years, 9 out of 10 said they were not worried and did not have a disaster recovery plan or business continuity plan… heck, they think nothing will ever happen to them! But disasters happen all the time, whether it be a tornado hitting Chicago, an earthquake in San Francisco, or the power going out on the East Coast – real and unexpected disasters happen all the time.
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Today on Twitter I was led to a post by Mike Hudack (CEO of blip.tv) and found a diagram called “Am I fit for startups”.
Big part of the reason I chose to write this post is because we have too many people thinking they’re entrepreneurs. They see an over-glorified simplification of what it takes to succeed and jump in lacking a full understanding. Too many naïve (often young and inexperienced) folks get into entrepreneurship and cost vendors, creditors, investors, and themselves money and real resources.
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Last week I was reading quick news tidbit about how Jeff Bezos, CEO of Amazon.com, boogied down to Kentucky to work shoulder to shoulder with his hourly distribution center employees. No cameras, no PR, just good ol’ manual labor. We need to see more of this! Whether you’re an executive at a small or large company, you will lead better if you get down into the trenches.
I have always preached and practiced that you can’t lead if you have no dirt under your nails! Here’s why:
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We have heard many “war stories” from startups navigating “stormy waters” while managing their legions of freelancers, corp-2-corps, and other suppliers. The younger and leaner your startup, the more crucial these relationships are to the survival of your business. Doing things right from the very beginning will save you some sleepless nights and money.Here are ...
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