Power Talk │ February 2021│Ready to Startup

instead of continuing that and risking more money
on it, we brought it to a close and increased the
spent on the in person led communication
programmes .If an idea doesn’t work, its okay to
accept your mistake and move on .If you have both
time and money then use it wisely instead of
shifting gears trying to make things work when the
situation seem to have laid breaks on it.
DNA of your organization
Another difference in the entrepreneurship then
and now is that ,if you look at an entrepreneur’s
mind set she is a little arrogant, she is a little proud
of being able to do everything herself. We find
ourselves very equipped to do everybody's jobs
ourselves but shouldn’t do it all the time .So my real
advice to startups is to bring people who are
smarter than you and surround yourself with them
.Partner with people who have complementary
skills and let them show the way .Don’t hire people
who are smarter than you and also tell them what
to do. We entrepreneur fall into that trap. We.
should now let others to lead the way so long as we
have a few checks and balances and regular reviews
going on numbers and quality
particular product or service that you are creating as a
startups has to be constantly disseminated not just to
your leadership but even to the levels below them.
I used to know a very high level managing director of
a huge Bank that would have monthly review open
platform for an hour .In fact, Indra Nooyi used to
have Indra Hour and anyone could ask her questions
in that one hour . So create that for yourself inside
your organisation and allowing people to ask
questions. For sensitive things that the founder is
smart enough to park that issue and say that let me
answer that you're offline ,but INTERACT
Being available as the
visionary founder is
going to be the most
important thing for
entrepreneurship and
startups today
People come to work for an entrepreneur at least in
many of these services industry because of their
personality. It is your personality and it is your
vision that can drive your startups. If you bring a
paid CEO or COO and you decide to never review
him, then it wont work. If you feel he is going to
take the whole business forward and everything will
turn out to be fine then then you are dreaming. He
will have his personality and his altered vison to put
into this business. If it was the perfect then he
would have been an entrepreneur and not you
So my advice here to all the startups is that today
we are in a no touch world. You have to make sure
that there are enough touch points for people to
see you, feel you and have your words run through
them become the DNA of the organisation. Today,
no water cooler conversations are not going to be
possible because of the virtual world. So, you have
to find and devise ways and means by which your
town hall meetings or your regular interactions with
people bringing across your speciality in the
Power Talk l Ready to StartUp