On January 23 , 1996, the first released version of the Java programming language with probably no notion how it was going to revolutionize the Financial Industry nearly 20 years later. Now financial companies have a platform to create technology while using big data to drive decision-making. Imagine Clark Kent from Superman for the first time ripping his shirt open exposing his large “S” symbol on his chest to expose the world to the truth while providing a solution. The Finance Industry today could be considered Clark Kent. Clark’s transformation into Superman is closely related to the Financial Technology (FinTech) Industry about reinventing lending options for stakeholders.
Success for any business person comes in many different shapes and sizes. Success can also be measured differently from business person to business person. For example, I might think that sales of a million dollars as a successful thing. However, if you talk to Tim Cook who is the CEO of apple would think that was a bad year. Being successful means you will have a mindset that fosters growth and innovation personally and for your business.
Sometimes culture in entrepreneurship environments falls to the waist side to productivity, growth, and profit to meet your organizations goals. Culture is an immeasurable thing that holds all the pieces of your organization together. If you talk to almost any Silicone Valley executive, they will all have different opinions about how to evolve a company’s culture, but one thing they will all agree on is that a solid culture cultivates an organizations success.
Eric Ries and Steve Blank are one of the early adopters of instigating a minimum viable product (MVP) as part of the startup process. Blank defines a MVP “not always a smaller/cheaper version of your final product. Defining the goal for a MVP can save you tons of time, money and grief.” Blank is an advocate for executing Learn Startup approach for almost a business. One strategy behind building and utilizing a MVP is not to use too many resources (eg. time and money). Get your MVP built quickly so you can start testing your hypothesis using the new product.
Leaders provide direction, successful leaders maintain progress, visionaries, authoritarian, and are influential. Yeas those are the traits that most good and successful leaders have. So ask yourself, what do non-leaders do? Not nothing, because if you are doing nothing, you are actually still doing something, it’s nothing. A non-leader is somebody that may not have influence on the people around them in the workplace, because you can still #GSD and not lead those around you.
Being a leader means having the capacity to lead, inspire, and instill commitment in those around them. Take a minute to think about all the times you are a leader throughout your day. Who do you inspire? How do you lead? Is it by your ability to connect with the person? Is it your commitment to first focus on change in yourself before you are able to establish change in others?
How is your self-care as an entrepreneur?
Self-care can be particularly tricky for some entrepreneurs, since most entrepreneurs tend to juggle a variety of hats. The most important hat an entrepreneur wears is the self-care hat, and that one tends to be ignored on a regular basis. Self-care is defined in the dictionary as taking care of one self without medical assistance. I look at self-care as taking care of you beyond the regular exercise and healthy eating.