While I don’t have the official stats, I would take a wild guess that far more Silicon Valley web startups fail than succeed. So when the (co-)founder of two of the most successful of these web startups speaks, then it’s probably a good idea to listen. In this case, it’s Twitter and Square co-founder Jack Dorsey who’s doing the talking. Here are his 5 tips for entrepreneurs, recently published in the Washington Post: 1. Start with an idea. “It doesn’t start by you waking up and saying ‘I want to start a business,’ it starts by you waking up and saying ‘I’m really passionate about this thing and I’m going to do whatever it takes to make it work.’” 2. Keep a diary. “Find a simple way way to track your progress. You really get to see how you have grown, how your business has grown and how your own leadership has grown.” 3. Communication and cooperation are key. “If you have two departments that are not talking, if you have two people who just can’t get along, that friction will manifest in the product itself, and your customers will see that friction. You are putting your company’s issues before your customers, which is
just rude and selfish. We make sure we design and engineer the company and the organization as much as we do the product and the service we have built.” 4. Build a transparent company. “We get all these new, diverse perspectives, and it makes people think in different ways, and that creates a lot more creativity in the organization. Making sure that everyone sees that has been the most transformative for us.” 5. Sometimes it’s okay to break the rules. Jack’s father started a pizza business with a friend when he was 19 years old. “The first person they hired was my mother. My father fell in love with her, and he went to his best friend a week later and said ‘I broke the rules, I fell in love with Marcia, the business is yours. I was born 10 months after that.”
Peter Economy Peter on Twitter: @bizzwriter Peter on LinkedIn: Peter Economy Peter Economy is a best-selling business author, ghostwriter, developmental editor, and publishing consultant with more than 60 books to his credit, including Leading Through Uncertainty: How Umpqua Bank Emerged from the Great Recession Better and Stronger than Ever, Managing For Dummies, Leadership Ensemble: Lessons in Collaborative Management from the World’s Only Conductorless Orchestra, The Management Bible, and many more. He writes columns on leadership and management for Inc.com (The Management Guy) and has also served as Associate Editor for the New York City-based Leader to Leader magazine—published by the Frances Hesselbein Leadership Institute—since 2001. Read more… This post originally appeared at The Venture Edge. © 2014 The Venture Edge. All rights reserved. www.theventureedge.com Read more: http://theventureedge.com/2013/07/17/5-tips-entrepreneurs-twitter-co-founder-jack-dorse/
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