![]() ![]() However, start-ups shouldn’t abandon planning completely to adopt a chaotic “just do it” mindset either. In reality, managing a start-up is more like driving a jeep across unstable and shifting terrain, where the founders must constantly change direction and respond quickly to unexpected obstacles and dead-ends. They act as if they are preparing a space rocket for liftoff, tinkering with it for years and only launching it when they think it’s perfect. Nevertheless, many founders do use corporate-management tools such as milestone plans and long-term market forecasts. To adopt fixed plans with set milestones or rely on long-term market forecasts would be to delude themselves. ![]() To find out what could work, they must stay flexible. Start-ups are different, though: they can’t predict their own future because they have no past, don’t know what their customers want, and don’t know which approaches are best for finding customers or creating a sustainable business. ![]() This management strategy works in established companies that have been around long enough to know what worked in the past and therefore what could work in the future. Traditional management consists of two components: developing plans and overseeing the people executing them.Ī manager creates a plan, sets milestones, and delegates tasks to her employees, guiding them to ensure they hit their milestones on time. In the first three blinks, you'll discover what the main goal is that a start-up should pursue. ![]()
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