Entrepreneurs stay clear of slackers

  “Some cause happiness wherever they go; others whenever they go.” -Oscar Wilde   “Slacker” is the term given for sociopaths, incompetents, and rotten apples that wriggle their way into a company.The safest way to avoid slackers (and find stars) is to use the following checklist: Is he the type of person that always keeps…

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Entrepreneurs don’t do mediocre

Mediocrity is the cousin of relativism.“We’re not the fastest, but we’re not the slowest.”“We don’t have the best service, but we’re better than most.”“We’re not the market leaders, but at least we’re not last.”“I’m not the best dad in the world, but I’m not the worst.”Relativism is the crutch that mediocre people use to get…

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Entrepreneurs are loyal

Loyalty. A simple word.What is loyalty? It is having your partner’s back. Always.It is going into battle knowing that the man on your right and the man on your left are with you. You can move forward without fear of being stabbed from behind.How do you earn loyalty?Not through talking. Words are wind. Action is…

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Entrepreneurs never give up

The secret to winning is perseverance. Not only must you never give up, you must also create the perception that you will never give up.The enemy must realize you are slightly insane. He must think you’ll never quit, that you’ll fight to the bitter end even if you know you’ll probably lose.Business is not like…

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Entrepreneurs: Easy way vs Hard way

Saying yes is easy. Saying no is hard. Keeping slackers onboard is easy. Cutting slackers loose is hard. Talk is easy. Action is hard. Finding an idea is easy. Turining ideas into reality is hard. Being an asshole is easy. Being considerate is hard. Hiring people is easy. Firing people is hard. Spending all day at…

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Entrepreneurs stay in the light

Its easy to think bad thoughts. To fantasise about fights, about getting revenge, about doing bad things.Sometimes you find yourself the target of dirty tricks. Surely its fair to fight fire with fire? “He started it!”Don’t do it. Not only will you be dragged into the mud with the other pig (remember: pigs love the mud),…

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Entrepreneurs don’t play with the pigs

Never fight a pig. You’ll both end up covered in mud, but the other guy will enjoy it.Learn how pigs fight so you don’t get caught by surprise.The red flags for a pig fight are whisper campaigns, lies and corporate politics.Pigs always insist on one-on-one meetings. The easiest way to lie is to give everyone…

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17 ways entrepreneurs fail

Hire staff Lose focus Move slowly Over promise Have meetings Outsource sales Drive a fancy car Follow the crowd Rent fancy offices Chase vanity metrics Spend too much money Think your idea is original Choose the wrong partners Establish board committees Invest without a business plan Have less than six month’s cash runway Compete with…

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Entrepreneurs look at things from the customer’s perspective

Sebastian Coe, as chairman of the London Organising Committee,  used a great analogy for how to view the Olympics which is perfect for how you view your customers.You must figure out who is your primary customer and look look at the mission through her lens:Maybe its the HR director?It starts with one person and then rapidly…

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Entrepreneurs chart their own course

Some businesses can be compared to the 100m dash. Very few variables, the course is completely predictable, and at the end of the day the strongest/fastest man wins.This is rare.Most businesses are more like yachts in a sailing race. Many variables, unpredictable conditions, and unlike the 100m dash, you can make strategic choices that affect the…

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Entrepreneurs take three kinds of risk

There are three kinds of risk, in order from least to most importance: Financial The risk of losing money is a biggie. It’s a serious motivator. Especially when you have a family.Taking financial risk separates the entrepreneurs from the “business owners.”The good news is that, in spite of the unpleasantness of losing money, you can…

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Entrepreneurs go through the fire

Every entrepreneur goes through tough times.It all starts so excitingly! The dream is big, the energy is high, the people are with you, how can you fail when everything feels so right?Then, BOOM!No money, no prospects, no light at the end of the tunnel. You can hear a faint sucking noise and can picture you,…

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