What to Know Before You Go

You Are On Your Own

By December 1, 2016 No Comments

One of the hardest things about starting a company is that you are on your own. Who can you turn to for help and advice with challenges?  You can’t talk to employees, who, upon hearing there is only a month’s worth of cash left in the bank, will immediately start sending out resumes. It’s hard to be totally upfront with investors, who you will probably ask for more money down the road.  As great as mentors can be, most issues would take too long to get them fully up to speed. Unfortunately, there’s no easy solution. Isolation and complete responsibility are the burdens in the life of the CEO and entrepreneur. The best you can do is to minimize your isolation as much as possible. Surround yourself with highly capable and intelligent people who can help shoulder the load. Keep a journal that you use to organize your thoughts over time. Keep in close contact with your advisory board, which can help with key strategic decisions.  Consider joining an organization like Vistage, which hosts roundtables with other CEOs that can act as a sounding board.  Usually small things like this can go a long way to help reduce the pressure and keep you on track.

Author Matt Sand

Passionate about making a difference through innovation and entrepreneurship.

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