13 Things Entrepreneurship Bosses Need to Do Every Day

13 things that entrepreneurial bosses need to do every day

Regarding the things that entrepreneurial bosses need to do every day, here are the 13 things I collected. You are welcome to read!

1. Remember your “one thing”: Your startup can only do one thing well within a period of time. Clarify your “one thing”, write it on the wall, and repeat it in your eyes every day. , make "one thing" the highest-level thing in the company's regular meetings, and don't let anything distract you and your team.

2. Remember, you are only great when your team is great: take the time to develop your team, recruit people who are better at their jobs than you have ever been, and motivate them , let them accomplish things they never thought they could do, give them freedom while guiding them to do "one thing", treat your colleagues like family, starting a business is not easy, make your team willing Being a member of a company is an important factor in success. A startup is not just a place to work, but a way of life. As a CEO, your job is not to do everyone’s work, your job is to help They do a better job. Make sure you give your managers regular feedback on your expectations and what they need to improve.

3. Set style: Everyone – your colleagues, clients, partners, investors, your followers – will take cues from you. Everything from your company's growth rate, data, innovation, customer service, and company culture will all reflect your role as a CEO, so don't be a rude asshole and take action if you want people to think of your company the way you want it to be. To make them think that way, you need to take action and start personally. If you are listless, so will your company. If you forget to smile, so will your company. If you are impatient, so will your company. If you don't say please and thank you, so will your company. The company above Everyone, but the company is reflected by each person and each person's work style, and you are the leader.

4. Spend at least 75% of your personal time on your product: Only when your product is excellent can your company be excellent, personally involved in managing functions and user benefits, my point of view is that of a CEO Must be the Chief Product Officer, as CEO you have to be responsible for every pixel on the screen, I know it sounds a bit much but your product is the output of all your hard work to the user, so every feature of it should reflect that Your goals and objectives.

5. Look at the numbers: I’m not talking about budget and cash flow, but some key indicators. Send an email to your team every week to extract the key data that affects the company’s business and write it yourself. This email, writing this email will force you to dig and analyze your data, to truly own that data, so that your job can ensure that everyone in the company can focus on the numbers that bring business to the company.

6. Exercise: I really can’t help but emphasize this point. Let yourself go to the gym at least 4 times a week, preferably 5-6 times. Exercise can give you the ability and patience to solve complex problems. The problem is, being a CEO is a big challenge to your body. Let the gym be a way to keep your mind clear and stay happy. If you haven’t done it yet, I guarantee you will be shocked when you go. Get out there and exercise and you'll find how easy life is! Get away from your keyboard and get fit!

7. Ask for feedback: Guess what? You're not as smart as you think you are, and you're going to make mistakes, Ask your employees, your customers, your partners, etc. Make sure you have someone on your management team who speaks out. Make sure you have someone outside the board of directors or a friend who can advise you on how to grow the company ( For example, in financing, board of directors management).

8. Leave the office: It is too easy to live behind the keyboard and live in the inbox. Leave the office and discuss with your real customers, partners, suppliers, and bloggers.

9. Write blogs, write Weibo, read, and participate in CEO forums: write articles similar to this one, share the experiences and lessons you have learned, and your work skills, etc. Don’t worry about no one reading it. , get feedback from your network, read HackerNews to see what other entrepreneurs and tech geeks are sharing, and tap into your network of investors to get advice from other CEOs.

10. Manage cash: Cash is your lifeline. You must always know how much cash you have left, how long it can last you, and what kind of decisions will affect your cash situation. Don’t wait until you need money. It’s time to raise funds.

11. Do it like an investor: At the end of each week, ask yourself the following questions: Did what we did this week increase our value? What is your view of time in the past week? What's your ROI? If you don't have a positive ROI for 2 weeks in a row or 2 weeks in a month, you're probably doing something wrong.

12. Have fun: This is hard, it takes a lot of energy, make sure every day is a good day, even a bad day needs some fun, if you are not feeling happy, you are probably One of my favorite sayings about doing the wrong thing: Mature, but don’t grow up. Eight entrepreneurial skills

1. Borrow the resources of your old employer to start a business

The most taboo thing for a manager to start a business is to go against his old employer. Failure is inevitable if you go against him, just like a A baby makes an enemy of an adult. Some people will immediately point to Mengniu's success as an example. This counterexample does not hold true because the Mengniu team was separated from Yili. What kind of enterprise is Yili? It is a state-owned enterprise. What is a state-owned enterprise? Needless to say, everyone understands it.

When an entrepreneurial boss in his infancy confronts an enterprise that is already an adult, the result is self-evident. Therefore, if a manager wants to start a business, it is best to borrow the resources of the original boss to do so, or to make the original boss a customer, or at the very least, to misplace the business. When a manager sets out to start a business, the only resources he can borrow are the resources of his original boss. Others will not lend you resources. Only your original boss will give you resources. No one else can give you resources because others do not have the resources you use. In the past, the resources given to you by your manager friends were just help. Only the resources given by your boss have sustainable commercial value, and everyone can form a relatively stable relationship of interest.

2. Use venture capital to expand the scale of entrepreneurship

The advantage of venture capital investment is the financial advantage, because the money from venture capital will continue to flow, the cash flow will continue, and the company will not die. If the funds are gone, you will die, but if the funds continue, you will not die. This is the first benefit of borrowing venture capital; the second benefit is that borrowing venture capital can help you expand the scale of your business, saving you the painstaking efforts of a snail to climb a wall. development; third, another advantage of using venture capital to start a business is that the representatives of venture capital will bring you a lot of management resources, information resources, and operating resources, which will put your business on the fast track, tie you to the venture capital, and You are tied to the future of your company.

While you get the benefits, you will also face the troubles that venture capital brings to you: Although venture capital does not necessarily give you a huge stake, you have to face frequent questioning from venture capital representatives. , although you own certain shares, in fact, once you use venture capital, it is equivalent to starting your working life again, but it is a different form of working. In the past, you worked for a specific boss, but now you work for the investment behind the venture capital When you work in a team, you personally transform from a manager of a mature company into an entrepreneurial manager. This is called balance.

3. Develop a broad mind

When you are a boss, it is very important to have a broad mind. You have to tolerate a lot of things. No matter how uncomfortable you are, you have to endure it. If you don’t have a broad mind, nothing will happen. You can't do it, especially if you can tolerate people who are different from you. If you are not a boss, you can be intolerant, but if you are a boss, you must be open-minded and tolerant. If even the boss can't tolerate someone, others won't tolerate it either. Managers can resign if they really can't stand it, but bosses can't resign, so they can only endure. To endure, you must have a big heart.

4. Get used to working in an explosive state

To start a business and be a boss, you must work in an explosive state.

Others can separate work and life, and treat work as life, but entrepreneurial bosses must treat work as work, life as work, and everything as work. They must be at work 24 hours a day, and in an explosive state. Not taking a day off on Sundays, and getting used to working day and night. This is called 5+2, white+black working style, which allows the boss to return to normalcy, but he is not used to it. Others also have bursts of work, but most of them are normal working methods.

5. Combining imitation and innovation

When starting a business, managers like to do things that are not available in the market and design new business models. This is a big mistake. Complete innovation, especially new products and new models, is generally impossible to succeed. Therefore, the relationship between innovation and imitation must be properly handled. Total innovation is absolutely not possible. Innovation is generally a matter for industry leaders. Entrepreneurship is based on imitation. A little innovation can lead to new horizons.

6. Prepare follow-up funds other than start-up funds

Most manager entrepreneurs end up being cut off from the capital chain. If your business plan is very complete and very good, and you plan to spend 1 million to achieve positive cash flow, then you can only complete it if you can raise another 9 million after spending the 1 million at least. If you can't raise 9 million, Chances are you'll die. If you have 10 million and make a business plan worth 1 million, then after the 1 million is spent, there will be follow-up financial support. Then let me tell you, I'm sorry, after you spend at least your 10 million yuan, you can raise another 90 million yuan. This is the capital plan for starting a business. In other words, the other 9 times the funds were not originally there, but came from temporary alms during emergencies.

7. Be mentally prepared for entrepreneurship.

Managers will not lose themselves in doing things under normal circumstances. But the boss cannot do it. First of all, he must make the following mental preparations. First, he must be able to endure hardships and endure hardships; secondly, he must endure humiliation. This humiliation is not something ordinary people can endure. The boss must endure it, because the boss does things not only for himself, but also for himself. There is an organization behind it; thirdly, you have to be able to endure it, and only if you can endure it a little longer can you succeed. I once met a very big boss. The boss said, what is a boss? The boss is a showgirl, and anyone who calls her can get her. In fact, singers also have time off from work. When the boss is not off work or on vacation, the boss is still working during his vacation. Therefore, my boss is the lowest level in society.

8. Choose the best age to start a business

At what age can a business be successful? Not necessarily. In reality, people of any age can succeed in starting a business. But in terms of probability, if you start a business before the age of 35, the probability of success is relatively high. The probability of success is highest when you start a business around the age of 30. There are also people who succeed after the age of 40, but it is generally difficult to succeed. After the age of 50, you know your destiny, but there are also successes. , and the probability approaches zero. Starting a business requires many elements, but all of them must be realized through a healthy body. Starting a business is to maintain the most basic physical health and continuous abundant energy. ;