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Advice for a newbie

Aug 01, 2007 1:34 am

re: Advice for a newbie

Sean Rice

I think this is not such a great idea and I think further that the concentration on 'a business' or 'a product' or 'a great idea' is not really the way to think about business from a business owner point of view.

The better idea, IMHO, would be to concentrate on developing a superior system that runs itself, then duplicate it across several businesses. The last thing I want to do is to 'be owned by my job' as a business owner as much as I own the business.

Sure, nurture a new business in the beginning, growth phase, but as much as you grow the business, you also want to grow the management both as a system and as a human resource factor with the goal of handing it over to those who can manage much better than the typical owner can.

My experience shows that the very qualities that can make a great business owner successful are the very qualities that get in the way of the successful management of a company and which often stunts its growth.

Start it. Hand it over. Move on to start new things. That's what we're good at.

Sean Rice
http://rasadesign.com

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