#1 Focus on the wrong numbers Entrepreneurs commonly focus on revenue growth as the sole indicator of success, when they should look toward granular financial data. Revenue growth will indicate whether or not a company is on track, but won’t yield the data needed to properly allocate resources and grow a company. Entrepreneurs need to understand how each dollar is derived. For instance, average revenue per customer (ARPU) gives a general look at the financial health of a company and can be used to measure against a peer group. But analyzing high revenue accounts will provide valuable data on a…
Bala KamallakharanpostedFinishing my leadership series with the post about Servant Leader. I am a disciple of this philosophy and I urge everyone to try to understand and live by it. It will be the best thing you did.http://blog.startupiceland.com/2014/02/19/servant-leader/
Bala KamallakharanpostedDo you know what it means to be a Level 5 leader? In his book Good to Great, author Jim Collins points to data to show that every company that transformed itself from a Good to a Great company always had a leader in its helm who was a level 5 leader. I believe a level 5 leader is probably the hardest thing to do at a personal level because you need to subordinate your personal gains for the gains of the team and the company. The leader who grow into Level 5 leaders are the people we admire today. http://blog.startupiceland.com/2014/02/17/leadership-lesson-3-aspiring-to-be-a-level-5-leader/
Bala KamallakharanpostedReally excited to be selected to participate in this year's Leadership Reboot event organized by Jerry Colona. I plan to blog about leadership and being CEO this week. What is your philosophy on Leadership? http://blog.startupiceland.com/2014/02/12/leadership-reboot/
I’m back in the entrepreneurial ring. A simple statement that has been anything but simple to arrive at. Starting 14 months ago I have traveled through anger, despair, anxiety, and fear to arrive back at happy. Launching on Kickstarter last week,... | Marc Barros | Entrepreneur. Creator. Builder. Co-Founded Moment + Contour Cameras
Bala KamallakharanpostedHaving a strategy is not just a nice to have but a must have while you are building your startup, however the Strategic priorities change as you morph from one stage of the company to another. The biggest challenge entrepreneurs, CEOs and startup founders have is not know when to make the switch. Do you know which stage your startup or company is? Knowing this and taking action to align your team towards that strategic priority is the most important thing you could do. http://blog.startupiceland.com/2014/01/20/strategy-is-always-about-action/
“Reality is merely an illusion, albeit a very persistent one.” ~ Albert Einstein It was well past 5pm and we were still at the office debating about how we should inspire our customers. We were debating the strategy to ‘be like... | Marc Barros | Entrepreneur. Creator. Builder. Co-Founded Contour Cameras.
I can’t believe it’s been a year. I can still remember the last Board call like it was yesterday. For the first time in my life I was out of options. There was nothing left to try. No person to reach out to. No ideas available. It was... | Marc Barros | Entrepreneur. Creator. Builder. Co-Founded Contour Cameras.
Bala KamallakharanpostedDo you want to engage your team in a meaningful way? then I suggest you start using Tiny Pulse, it is a simple tool that allows for everyone in your team to give anonymous feedback on anything. I know one team that has instituted this and is seeing great results, it is buuteeq the company that my partners and I invested in 2011. Really impressed with the buuteeq's growth and their culture. http://blog.startupiceland.com/2013/11/11/team-engagement-and-leadership/
Startups are about choices. Lots of choices. From small to big, short to long, cheap to expensive, these interlinking series of choices shape your journey and ultimately your level of success. But within the thousands of choices you will make... | Marc Barros | Entrepreneur. Creator. Builder. Co-Founded Contour Cameras.
Donât have time to read? Hereâs a quick but comprehensive summary of Matt Blumbergâs âStartup CEO: A Field Guide to Scaling Up Your Business,â released on September 3, 2013 (part of Brad Feldâs Startup Revolution series). Who should read this: CEOs of startup companies, particularly tech startups. Elevator pitch: Matt Blumberg has written an instructional...