In companies, like children, personality is set early and expresses itself differently through the years but it doesn't change, says Kaplan. Entrepreneurs should establish values and culture early on and to remember that these values reflect the values of the founders, he adds.
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Create a Work Environment That Minimizes the Need for Disciplinary Action. Most supervisors dislike taking disciplinary action almost as much or more than they dislike doing traditional performance appraisals. Employees dislike disciplinary action even more than supervisors.
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If you have time to read one document on the topic of startup culture, you should read through the NetFlix “culture deck”. If you have time for two, read through the NetFlix deck twice — it’s that good. It is so good, in fact, that I’m surprised when I come across entrepreneurs that haven’t seen the deck yet. These are people that read all sorts of great material on the web to help their start
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Things startups do and don't need Things startups do need Sunny office, Windows that open, Democratically controlled music system, Two forms of internet access, Beer on fridays, EVDO cards Video game...
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There comes a time for every venture when the owners have to decide whether hockey-stick-like growth is feasible or not. In your initial plan, you indicated a sudden surge in revenue at a certain point in time, i.e. where the hockey stick shows up. You have now reached that point. You may have a great business, but will it hit the big time?
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The corollary to this rule is “decision by indecision.” This is one of my favorite lines to remind entrepreneurs because it is the sort of garden variety mistake that is so common in everyday life. It is the anthesis of JFDI. And I use it so often that my wife must be sick of hearing it. But that’s mostly because it’s so prevalent. It affects us all in everyday life.
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We all like to think of startups as “non hierarchic” organizations and to some extent that should be true. I’m not a big believer in too much hierarchy. A good early-stage CEO needs to be accessible, to be accountable for producing results and should be establishing the cultural norms of the company through direct leadership at all levels.
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First-time entrepreneurs are usually also first-time CEOs. When you look at your first business card that says CEO, don't forget that it is not necessarily telling the truth. You earn the title of CEO through your actions and your results. You still have your training wheels on.
"We rarely have meetings. I hate them. They're a huge waste of time, and they're costly," says Jason Fried, co-founder of 37 Signals, a collaboration-software company in Chicago. "They chop your day into small bits, so you have only 20 minutes of free time here or 45 minutes there. Creative people need unstructured time to get in the zone. You can't do that in 20 minutes."
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In an exclusive interview, Apple's CEO talked with Fortune senior editor Betsy Morris in February in Kona, Hawaii, where he was vacationing with his family, about the keys to the company's success, the prospect of Apple without Jobs, and more. Here are excerpts.
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