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Building Culture

A friend reminded that building culture is probably the single biggest challenge in creating new companies in current times.
Dynamic and engaged leadershipLiving valuesResponsibility and accountability further notes..
Install YOUR company values in the hiring process.Fire people that were identified false positive in the process of hiring (probation period).
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3 Mistakes I should have avoided

Shortly, I'm going to close one of my companies, bruised with losses. I made 3 mistakes which should be avoided in future.

Fire early, if it's not working out
If an employee isn't working out in the first 1-2 months, let them go early. I kept hoping all too often that people will improve over time, which I guess is a reasonable expectation, but strangely never happened. 
These few signals are telling.  The Ladder Principle: Setup a small theoretical Onboarding phase, but then move the newcomer to practical tasks soon after, and notice if (s)he's catching on to the next level of difficulty each week or so.Courageous people do better than the shy ones.Look for self-reliant autonomous achievers. Tight eye on operative balancesheet
It's easy to get ahead of yourselves when on speed. Entrepreneurs by nature are poor bean-counters, but delegating finance completely to a book-keeper lead to poor collections, late payments and an uncontrolled cash-flow. 
Play at right market …

Stay focused on being creative

There's a lot of sh** that's going wrong in my company and life right now. Bombs going up all over the place. 
My only escape that seems to work, to tune out of the fear, disappointment and depression is to seek out for creative tasks like working on a marketing idea, solving a product-market-fit or stitching together a solution. 
In fact, someone said that one cause for release of dopamine is creative thinking. This is a great protective mechanism.

B2B Software Product Development

I guess this holds for any product, but I'll limit my notes to B2B software.

You have to remember that you can't be everything for everybody. You have to know who your primary customer is, and focus your product on him.

Hopefully your are right in estimating his demand, and right about your solution for his problem. Else you may pay a heavy price, in wasted time, effort, investment (and emotional attachment), because your primary customer may refuse your solution.

Of course, an after-life may exist, if you manage to pivot successfully, but don't count on this succeeding, because by this time, your capacities would be much reduced.

In 2 years, how many problems have been solved?

Amidst a heated argument about the performace of the current central government, a friend asked in despair, if citizens could do anything about absurd laws being passed by the 2 year old central government in India. ___
We don't have an option but to accept governments' decision. All govts. central, state, present, past, future. 
But Govt. is answerable. And we as public have to hold them accountable, latest by next election. 
Honestly, like many many citizens, you I am sure, I was very hopeful of this Govt., which started its work 2 years ago. Every decision made by them, I have observed their motivations, implementation method, and most importantly, the outcomes, results. 
First there was Make in India, an appeal to foreign companies to invest in India. Here in Germany, I know many industrialists who have been always excited about investing in India, because of low labour costs and trainable young people. But their show stoppers have been availability of electricity, law &a…

Why I am Impressed with Macedonian Millennials

Over the last 4 weeks, I have personally been recruiting a team of interns for our office in Skopje, Macedonia, and we are close to having 4 recruits onboard. Equipped with a wonderfully efficient new ERP that facilitated scoring over 2000 social-media contacts generated over 3 months, I managed without the help of an assistant, to schedule 10 interviews and zero down on 4 hires. For me this is a minor success, given how hard it has become to hire motivated and qualified IT talent world over, particularly in markets we operate - India, Macedonia and Germany. 
Along the way, I came to appreciate talking to a crop of Macedonian Millennials, perhaps all the way enjoying the contact with the "kids" (as I like to call them), who clearly lie outside my own professional demography.
I was impressed with the honesty of the young women and men. I cannot remember of an instance when I felt the interviewees exaggerated their credentials and abilities. Or even consciously concealed in…