In any great contest, there are lessons learned. Here are a few I picked out for Inc. readers:
Create a culture your people can buy into. – Lesson: Work on creating a company culture where people are supportive of each other. Celebrate successes together, share the blame for mistakes–just make sure you learn from them.
If you fall, get right back up. – Lesson: If you’re a business owner, know that the “punches in the mouth” are inevitable. Don’t give up. Often success is just around the corner.
Know when to hand it over. – Lesson: On your team, there will be times when you should take over a situation, and other times when you should defer to a colleague. Maybe he or she is in a better position to give this presentation, or even to lead the team in a certain set of circumstances. – Focus, not on who gets the credit, but on getting the job done right.
Respect your competition. – Lesson: Cut-throat competition and lawsuits are the norm between most rivals nowadays. But where would Apple be without Samsung, or vice-versa? How good would you be without your best competitor?
More Posts Across the Web
Don’t leave growth to chance [Medium] – When you’re starting out with nothing — no brand, no key customers or partners — getting those first paying customers is a grind. You will do phone calls, take meetings, write cold emails, write blog posts and tweets — all to generate a revenue number that your established competitors would laugh at…. This is why getting early potential customers on board the moment they show interest in you is so important. You need to remove any potential barrier someone might have to start using your product the moment they say they want it.
When should I start to market my startup? [CIO] – Many startup founders are often left scratching their heads whenever it comes to the topic of marketing. They know it’s important to their business, but have no idea what they should be doing first, nor how it ties in with their business. The reality, in the world of startups there is no business without marketing.