All entrepreneurs are aware of the risks of starting a new business – most will never make it big. Some might say the odds are against you. But not if you’re Steve Jillings, who has either founded or taken over 8 startups and grown them all into large, profitable business.
What’s his secret? He has several and isn’t shy about sharing.
First, tap talented leaders that you’ve worked with before to develop your management team. Always be recruiting top talent. Set the vision and then delegate to these capable people so you can focus on strategy. Additionally, spend time and money wisely. Watch costs – spend money on important things like meeting customer needs. Take great care of your largest customers that make up the bulk of your revenue.
Do you agree? What other advice would you give to entrepreneurs looking to make it big?
Check out the full article at inc.com.