Building a company is hard work. The following are three lessons to remember when creating or raising a company from its infancy into a more mature state, adapted from a Forbes article on learning from entrepreneurs:
1. It takes a long time to build a company. Staying competitive requires taking risks, taking success in stride, investing in training and planning thoroughly for the future.
2. The rate of change of the market is much faster than in the past. Global connectedness means business owners should plan earlier for scaling issues.
3. There are many routes to building a successful company. According to the post, "building a great company isn't about doing the cool thing. It's about being best at what you do."
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1. It takes a long time to build a company. Staying competitive requires taking risks, taking success in stride, investing in training and planning thoroughly for the future.
2. The rate of change of the market is much faster than in the past. Global connectedness means business owners should plan earlier for scaling issues.
3. There are many routes to building a successful company. According to the post, "building a great company isn't about doing the cool thing. It's about being best at what you do."
More Articles on Turnarounds:
Zacks: Outpatient Stocks Have an Edge
5 Tips for Keeping Meeting Momentum
7 Things for ASC Leaders to Know for Monday