After around four decades of trying to work out what does and doesn't contribute to business success, these days I spend much of my time mentoring others to help them discover the same thing (fortunately I can afford to do this because I did eventually manage to work out some of the answers). Over the years I have come to realise that successful business founders share a number of characteristics which seem to be lacking from those who try, but fail. Perhaps serially. So here are some observations: Who is the business being created for? I am often confronted by excited wide-eyed people clutching business plans that tell you about the fortunes they are going to make, but which lack the single most important factor any business requires, and which is answered by the question - Who wants it to succeed most - the founders or their customers? If it's the former, then the business is being created for the wrong reasons. Businesses that provide what customers need and really want
My kids call me Grom (Grumpy Old Man). OK, pedants will know that ought to be GOM, but a Grom sounds grumpy. I started building internet businesses in the 1980s and these days invest in other peoples' start-ups. Now that less of my life is about to happen than has happened, I've got a lot to get off my chest. This blog is a series of posts about things that annoy me, things that excite me or things that just need to be said. Grumbles of a Grom... Grombles