The 3 stages of a start-up
If you’re starting a business, understand that every successful company goes through 3 phases: The startup, the chaos, and the peace that comes after the storm.
In the beginning, you want a pirate ship and not a battleship. When you go through the chaos, you must focus becoming an expert in your field, which will help you sieve through the distractions. At the later stage when you’re settling into routines, you’ll need to build a strong management system and hire the right talents.
Delegate to succeed
To scale a business successfully, you will need to delegate actively. Delegation doesn’t mean not putting in the work, nor does it mean micromanaging. Instead, delegation of the right tasks free up your time to focus on diversifying an expanding your empire.
Note: Always be present, no matter how much you’ve delegated or how big the team gets. Keeping an eye over the operations help ensure that the ship is on the right course towards your greater vision.
Delegation is a powerful tool that you can use to increase your odds of success by a significant margin.