Harvard Business Professor: How to Start a Business (In 100 Words or Less)
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CREDIT: Advice image via Shutterstock
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You need advice on how to start a business, but who has time to read a whole book? Our experts give you their advice on how to start a small business in 100 words or less.
In her new book, "TEAMING: How Organizations Learn, Innovate, and Compete in the Knowledge Economy" (Jossey-Bass, 2012) Harvard Business School professor Amy Edmondson shows that organizations thrive - or fail to thrive - based on how well smaller groups within those organizations work. Here she boils her advice on how to start a business down to 100 words or less:
Aim High,
Team up,
Expect Failures,
Learn Fast.
Repeat.
That’s it. The next 93 are bonus.
Aim high means go for something important. Identify an unmet need that your experiences compel you to address. Doing something important will attract high quality colleagues.
Team with them to figure out a path forward.
Expect failures.Uncharted territory requires them to make progress. Getting everything right the first time means you haven’t aimed high enough.