You can’t call yourself a leader if you don’t know how to provide for your team.
Above all else, focus on the three C’s:
Above all else, focus on the three C’s:
1. Capital -
Make sure the company has a sound business model and that you understand how customers will pay for our product or service.
If not yet profitable, raising outside funding such as debt, venture capital, or strategic investment may be necessary.
Make sure the company has a sound business model and that you understand how customers will pay for our product or service.
If not yet profitable, raising outside funding such as debt, venture capital, or strategic investment may be necessary.
Capital (cont.)
It's important to consider multiple paths for capitalizing the business, including getting cash flow positive, funding from customers, bank debt, strategic investment, or even selling the business.
It's important to consider multiple paths for capitalizing the business, including getting cash flow positive, funding from customers, bank debt, strategic investment, or even selling the business.
2. Clarity-
Ensure the team is aligned on the vision and in agreement on how to work together to achieve it.
Clarity is synthesized in two questions:
- Are we as a team aligned on where we're going?
- Are we as a team in agreement on how we'll work together to get there?
Ensure the team is aligned on the vision and in agreement on how to work together to achieve it.
Clarity is synthesized in two questions:
- Are we as a team aligned on where we're going?
- Are we as a team in agreement on how we'll work together to get there?
Clarity (cont.)
Planning a vision is about collaborating to find the North Star and breaking it down into a near-term actionable plan.
It's important to understand what work matters now and what priorities we're saying "no" to.
Planning a vision is about collaborating to find the North Star and breaking it down into a near-term actionable plan.
It's important to understand what work matters now and what priorities we're saying "no" to.
3. Care -
Make sure the team is taken care of and supported.
This includes ensuring team members have the necessary resources, tools, and support to do their job effectively.
Make sure the team is taken care of and supported.
This includes ensuring team members have the necessary resources, tools, and support to do their job effectively.
Care (cont.)
It's also important to foster a culture of care within the organization and to prioritize the well-being of team members.
It's also important to foster a culture of care within the organization and to prioritize the well-being of team members.
Ultimately, the job is also about connection.
Leave behind the days of locking yourself in a room alone to solve all the problems alone.
The new way is about partnership, openness, and collaboration: with our team, with our partners, and with our investors.
Leave behind the days of locking yourself in a room alone to solve all the problems alone.
The new way is about partnership, openness, and collaboration: with our team, with our partners, and with our investors.
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