The New Rules of Entrepreneurship by Rob Yeung

Author:Rob Yeung
Language: eng
Format: epub
ISBN: 9789814346979
Publisher: Marshall Cavendish Internationl (Asia) Pte Ltd

Invite players to your party

No one is perfect. No one can be good at everything. You have particular weaknesses and blind spots as well as unique strengths and talents. And if you have ever had an appraisal, you will probably have been praised by your boss for your strengths but encouraged to work on your weaknesses.

When you were a wage slave working for someone else, you had no choice but to do what you were told. But you are now an entrepreneur. You are now the boss. So forget about those days and say goodbye to having to work on your weaknesses ever again.

Smart entrepreneurs know that working on their weaknesses can be a big waste of time. Your weaknesses are weak for a reason. You aren’t very good in those areas; you probably don’t enjoy spending time working on them. So don’t spend time on them.

Instead, surround yourself with people who are strong in areas in which you are weak. Avoid at all costs working solely with people just like yourself. No one is perfect, but the right team might just be. If you are not good with numbers, make sure you hire or sub-contract someone who is. If you enjoy setting strategy and thinking about the big picture, enlist someone to work with you who has good attention to detail and can handle the operational stuff. If you like selling gadgets but not making them, find people who will deliver on what you have promised your customers.

Accept your weaknesses for what they are. Just make sure you can recognize them and find others who can pick up the slack.

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