Managing a startup can be an overwhelming task, especially for new entrepreneurs. There is a ton of work that calls for your attention and you have to manage them all to the best of your ability.
Starting your own company is one thing, managing it successfully is another. If you are wondering how to keep sane while juggling through your never-ending to-do list, you have come to the right place.
The following section is a conversation between me and Anne Lise Sylta, the Director Of Operations at SomeFuse and the Creative Director at Deviate Agency. I asked her what she thinks about managing startups and got some useful insights which I have shared with you below.
You seem to have great exposure to the startup environment. You have senior roles at the companies you are a part of. What do you think are the essentials for managing a startup successfully?
Well, that’s a great question. To answer that, let me highlight some essential points for you.
Trust your business plan.
The first thing that you should do is trust the business plan you have. It may seem weird or it may not be the best business plan in the world. Still, you have to place your trust in the business plan. That is the right way to go about it.
Network. Network. Network.
Your networking skills can make a big difference in how you manage your startup. When you go out there and meet others from your industry, you give yourself the chance to find the right people for your business. You could find the perfect team members for the startup or you could even meet your co-founder while networking.
Maintain a balance between work and life.
Very often, entrepreneurs forget the importance of taking out time for themselves and their loved ones. When you create a good balance between your work life and private life, you reduce your stress levels and get more done in less time.
Build a great team.
Finding the right team members is one of the most crucial aspects of running a startup. Make sure to get the right people in the team and you will be well ahead of your competitors. One of the biggest reasons for startups to fail is not having the right people in the team. Therefore, make sure to get the right team before everything else.
Mentors can be great assets for startup founders. Finding the right mentor is also a great way to make things fall into place. They can give you the right perspective and show you the way to scale up your company.
Last, but not the least, have fun in the process. Building a business may seem like a serious thing but it is not worth it if you don’t have fun along the way. Having a little fun along the way can make it easier for you and your team to take the company forward.
That is how you manage a startup successfully.
Well, those were some really interesting insights. I’m fascinated by your perception and knowledge of the startup world. Thank you so much for sharing your thoughts with us. We hope to continue such conversations in the near future.
Thank you for this opportunity. I’m glad to share my thoughts.