multi-million dollar status but I want you to think about it from a simplistic perspective. In order to be the “perfect entrepreneur” you have to a crystal clear 3D vision of your business. What this means is you need to be able to see your startup’s past, present and future all at the same time.
Ghosts of Startups Past
Every business goes through a learning curve. Whether you call these pivots, market adjustments or failures, there is a lot of learning on the job that goes on. You also cannot venture across the internet without running into about 15 stories about lessons your peers have learned through their experiences. Every successful business gathers all of these lessons and information along the way and is able to use it so they don’t make similar mistakes or waste time of dead end projects.
Living in the Now
Some business owners might say this is the most important aspect of their Michigan business. This is where the business is right now and where it makes money. What are the problems we are trying to solve? Where is our cash flow at? What does the market look like? What is our competition doing? Obviously this is a very important view of the business but it’s not the only one. Failing to learn from the past and failing to plan for the future can have a great impact on your business.
Are We There Yet?
This is where a lot of folks that view themselves as “perfect entrepreneurs” fit in. They are innovative and always looking where they want to go. They are the ones that are setting 5 year goals and mapping out the steps needed to get there. They are researching and developing new products or changes to existing products. Planning is very important to a business. If we don’t plan where we are going then how do we know when we have gotten there? At the same time we all know what they say about the best laid plans.
So how do you resolve this issue? The chances are you are not the “perfect entrepreneur” that can see your business at all times in all three perspectives. You might be able to pull off two of the three and have someone keep you up to speed on the third. And that right there is your solution. Having others around you that can complement your strengths can fill in those gaps. A lot of the really good CEO’s around the country are not great in all these categories but rather they are good at organizing and collaborating people that are great in their respective categories.
The big thing to remember is that putting together a team and even putting someone in place that is a CEO above you, does not mean you lose control of your business or have to give up ownership rights. If someone can help accelerate the growth of your business why would you not want them to control that aspect of the business? Remember: Is the goal to build a successful business or to build your ego?