Forkids Business Guidelines

Throughout the short history of failures in Internet behavior are to be repeated and this has been one of the variables to find out why this or that project failed.

Recently, the dot-com magazine interviewed another successful entrepreneur who fell into disgrace under the bankrupt company. We talked about Kaleil Isaza, who with his portal GovWorks raised a whopping $ 60 million. Isaza now clear that would be very qualified to rewrite the famous movie “Gone with the Wind was” because he was not.

Within the errors Isaza acknowledged himself after the carnage we have seen and after interacting with many new millionaires are the following:

1. Relinquish control in time.

One can be extremely creative and his enthusiasm spread to the rest of the people. May even be a computer genius and reinvent the wheel, but that does not mean that spontaneous generation can lead a company. You have to know when to let experienced hands take the reins of the business and allows one to complement its strategic vision and more importantly, become a reality.

Note that the Latino population is now almost in its third generation, and each time it has less knowledge of the brands managed in their countries, as well as some traditional consumption habits. As a hopeless thing, all the grandparents (from the first generation) will start to disappear (we are all going there), taking all aware of (the tradition remains).

2. Learn to delegate.

Trust that the team will take care of things with the same skill and wisdom that one is perhaps the most difficult for an entrepreneur must face. Learn to delegate of giving freedom to these people to use their intelligence and freedom.

3. Caerle not claim either to the whole world

We are not a $ 100 ticket to like him all over the world regardless of religion, sex or color. Our decisions should not always be nice and we can not expect everyone to think “that person who is good guy.”

It is very common that an enterprising young marear leave with the illusion of popularity and the fact is an undertaking to carry forward the risk generated enemies. No matter that. Keep your pulse when you have to take strong measures unpopular. Know that nothing will be the CEO of the most friendly and pleasant world when his company has gone bankrupt by giving priority to their ego centrism.

4. Landing time.

Facts have proven that you can not support companies with hundreds of employees, bulky advertising budgets, travel agencies, PR, advertising and more … without income, without having a professional management and the planning needed to know what is going to get to the end of the road. Put your feet on the ground in administrative and financial matters. Do not underestimate the systems and what they want more …. Use the wisdom!

5. Friends are friends …

But not necessarily our friends are people we have to have trained with us. But you tell me what how much confidence? To which an expert replicaría “expensive, very expensive if the company goes down the drain.”

Insist …. But would not it better to have a group of young, dreamy, and with good vibes that we all speak the same language? Leave that for the holidays, but when it comes to your business, find people in 20 years ….. but operating experience. You may not want to spend their vacation with someone so different from you, but this one allows you to choose with whom or who do spend their holidays.

6. Do not rely too

Again, your ego can play a practical joke and you trust the wrong people. Surround yourself with advisers and hire of prestige. Do not sign papers blindly and try to understand the implications of its decision. Trust … in systems. I asked. Remember that if you do not understand something, not because it is a delayed (after all, you are in command of a company) is because the other person does not want you to understand and .. something will be.

7. Managing your time

Cocktails, conferences, press, high exposure at all, they will get out of their core business, so unless you have their backs well covered, Make the minimum necessary to lower their advertising costs. No one can be in everything and also do everything well.

8. Be fair

Just as we recommend you watch, do not rely too much, we must also say that is fair. If you think that having money is going to be able to press for other who do not do what you want, is misguided.

In business today, the operation does not work. If relations are not the type win-win in the long run it will cost much more than they could have saved the original bargain.

I know several CEOs from the old school with the mindset of winning at all costs, then had to change and change suppliers and employees and each change will cost what you think.

You see, carry on a business in a highly dynamic environment has its risks. There is no room for make many mistakes because the speed of change makes it very difficult to return. Not experience for yourself. Would not have time in his life to commit the mistakes that others have committed. Take advantage of more productive things.

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