Most management literature and learning will take your strengths for granted and focus on addressing your weaknesses. Our
Helping start-ups start up guide is about focusing on the strengths of your business, on the things that count and on the factors that we believe make the difference between success and failure.
A quick glance at statistics from students sitting examinations reveals that two thirds of students who fail fail by 5% or less. The lesson from this is quite clear “the gap between success and failure is quite small - small things matter”
While
starting your own business is more complex and challenging than an examination, this lesson, we believe, is fundamental to the success/profitable commercialisation of your business idea – small things matter.
In this guide designed for
start-ups and early stage companies, we focus on the four cornerstones of a successful start-up:
- business plan – what’s the big idea?
- structure – Tús maith, leath na hoibre or A good start is half the work!
- oxygen of the business – cash
- systems and information – what gets measured gets done
We will start by looking at business planning which incorporates the five typical life cycle stages of a business and the different dynamics of each stage. Just as goals change games, each successful stage of the development of a business provides new challenges. As the saying goes:
“Anyone can run a small business and anyone can run a large business. The hard bit is getting from small to large.”
Download our
Helping start-ups start up guide