There's no need to be an expect on technology but it helps not being entirely ignorant about it. In fact, business characteristics are a lot more important than knowledge base. When it comes to founding your own company, here are six aspects that you will need to have if you want to be successful.
1. NETWORKING FLAIR.
Founders of New York start-up Huxxster had no engineering experience when they sat out to make their shopping assistant site a reality. Their success is due to the ability to talk to anyone and everyone, constantly, for months to make as many connections as possible.
''Through that network, we were introduced to VCs who were able to give us feedback early on. We were brought in to some later-stage startup founders who have been mentors along the way,'' the founders said.
Knowing how to work with others and when to listen to advice is crucial.
2. BELIEVING IN OTHERS.
The ability to execute an idea is exponentially more important than the idea itself. Investing in a team of expects that can move your idea reality is of the utmost importance.
When getting a team, the trick is to make sure that everyone that is hired shares the same passion for the initiative at hand and not just people who are best suited for the job. Fostering a culture where ideas are appreciated and everyone has the opportunity to work on problems of genuine interest to them will drive growth faster internally.
Becoming the boss means honing your listening skills and in a the startup environment that is doubly true. There is no point in having a team that doesn't raise concerns or offer criticisms, flattery won't be able to lay a solid foundation for starting a business. The team will want to see your idea embellish as much as you do, rather than let it be driven into the ground.
3. BELIEVING IN YOURSELF.
Most startups fail but the important thing is to keep motivated if things start going sour, Keep a positive attitude. Great leaders believe not only in their products and their teams, but in themselves. This means knowing when to listen to doubts, when to work on fixing problems, and when to cut your losses. Be honest and clear about the belief you have for yourself and your team.
4. PERSPECTIVE.
The most important characteristics of a successful CEOs is that they can look at minute details and then to step back to see things from another perspective. Being able to see where the industry is going and your business with it is vital. Fluidity during market changes will allow your business to seamlessly transition into whatever is next rather than lagging behind.
Larry Page did this when he returned to Google as CEO because,'' he thought the company had over-diversified and wanted it to focus on doing fewer things adequately'', said Michael Yoshikami, CEO and founder of YCMNET Advisor's.
It's crucial to have clear ideas but to also know when to step in to make sure things continue going in the right way.
5. PASSION.
Passion, is an incredibly overused word in business. Whatever you want to call it, drive , zeal, you have to have it. People that can create that kind of enthusiasm in others are the ones that grab the attention of potential investors and attract the best staff.
Think of Steve Jobs. He was a very experienced public speaker, on top of being a design maverick, who was able to sell his vision by showing people why his products were not just hype and worth purchasing. Being able to communicate your passion will pay dividends when you are beginning your tech company.
6. EXTRA INTERESTS.
You might think that extra-curricular activities become distractions once you leave school, but the truth is that having diverse interests will help you to stay concentrated and even create new ideas.
Former French President Sarkozy likes collecting stamps. Jean-Luc Robert, CEO of California based Kyriba, likes to jump out of helicopters. Richard Branson likes exploring untouched places like the deep sea and space.
Whatever your interests are, they might assist you become a better business person too. Purchasing a hobby can help you with decision making, systematic thinking, creativity and boldness. Stepping away from your own project and delving into others can give you an edge. Workaholics with no outside interests are rarely as productive as they think.
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