As companies get bigger, even child companies (brands, if you prefer), there comes a time when the startup mentality might not be helpful. Here are five ways to make dealing with success easier.
- Recognize that management is a skill.
- As you have more development teams, it becomes harder to focus everyone toward the same goal. Good management does that.
- Hire a COO.
- It makes sense for young companies to emphasize product development and sales over operations. However, there comes a point when it is more important to hone operations and remove any and all sloppiness.
- “Customers have to be sure you can deliver.” – Robert Shar
- Midsized Companies Can’t Afford Operational Glitches
- Get comfortable saying no.
- Don’t take on every project that comes your way. Really think about the odds of success. Focus on what is important to your business.
- Be focused on always getting better at what you already do.
- New projects can be an unreliable route to growth.
- “You have to get out of that mode of doing everything differently and turn to repetitive sets of tasks performed by people that become more and more expert in them.” – Derek Lidow
- Understand that it is not do or die.
- If you lack clear strategy then there is nothing wrong with focusing on what is already working for you.
The above is a ripoff from your-awkward-phase-and-why-you-should-love-it.
