Thoughts on Building a Small Business Culture

TMBA300: Thoughts on Building a Small Business Culture

Date: 2015-07-16

Link: Tropical MBA

 

Tropical MBAEverybody who has a multi-million dollar business has a team.

Even if you can’t hire people now knowing that is the direction you are going will affect how you build your business.

Understand how much a time zone change can have an effect on a business.

If you’re going to have a creative business collaboration is key.

Having four hours of overlap a day is key to getting things done.

In the beginning cut your salary in half.

Pay your people more than you make (at the beginning) because you are building an asset.

Optimize for learning not for earning (when looking for a job).

Make the culture about the business.

At the end of the day you want to build a team around people who are super pumped about the work you are doing on a day-to-day basis.

Get everyone talking to each other and not through you.

Customers have more market intelligence than you do.

Group calls of more than two or three people are wildly inefficient.