Rules Successful Startups Should Follow

RULES SUCCESSFUL STARTUPS SHOULD

FOLLOW

According to TechCrunch.com

• When starting your own company, a startup, many founders or CEOs tend to walk on egg shells when operating

• Let’s face it, you’re at such a fragile state that you don’t want to mess anything up

• One poor decision could lead to the demise of the company that you just started

• Here are some rules to follow to run a successful startup according to TechCrunch.com

STUDY THE COMPETITION, THEN STEAL

THEM

STUDY THE COMPETITION, THEN STEAL THEM

• When starting your own company, there usually are companies that have done what you’re looking to do or very close to what you’re doing

• With that said, they can be a different stage in their company. Some have accomplished what you’re looking to accomplish in the near future

• A great way to help meet those expectations is to have people on your team who have done what you’re looking to do before. In order to do so, you may have to steal some of your competitions employees.

FIRE EMPLOYEES

FASTER

FIRE EMPLOYEES FASTER• In a startup atmosphere mistakes are bound to

happen, and that goes for hiring

• It could be a great hire based on interviewing but when it comes to executing the job, it’s not a great fit

• The best thing to do here is to not let it linger

• The sooner you can remove a mis-hire, the sooner you can move on and make up for your mistake. Don’t dwell on it, but fix it and move on.

FOR OUTSIDE HELP, WORK

WITH PRINCIPALS

FOR OUTSIDE HELP, WORK WITH PRINCIPALS• As a small startup, there will be tasks that you can’t

have done in-house and will need to outsource the work

• For example, if you’re a software company, you may need to outsource marketing or even something as simple as human resources

• When doing so, don’t reach out to the top of the line companies. You’re a startup and won’t be able to work with the big players in these industries.

• Hire small firms where you can demand to work with the principals

For more on this topic, check it out at techcrunch.com