Found a company and you can be in control or you can be rich. It’s hard to be both: you need to figure out what motivates you, and what’s important to you, and then act accordingly.
According to Noam Wasserman, a professor at Harvard Business School, if you’re an entrepreneur then you will often face situations where you need to confront this dichotomy.
When you start up, do you set off on your own (and stay king), or find a co-founder (losing control, but increasing the odds of success)?
Do you choose investors who stay in the shadows (remain king), or ones who are hands-on (get rich)?
When you reach your limits, do you remain CEO (and stay king) or take a back seat and hire somebody in to take your place (get rich)?
You can read more at Noam’s blog. Or – even better – you can hear Noam’s talk above.
BUSINESS OF SOFTWARE – FOR PEOPLE BUILDING GREAT SOFTWARE BUSINESSES.
This year will be the 7th Business of Software Conference – 15-17th September 2014, Boston.
A three day conference for founders who want to build sustainable, profitable software businesses. BoS has always been a special conference for our delegates and we want to keep it special. Attendance is restricted to just 400 attendees in 2014. Registration is open now at the lowest rate ever – $1,500 – until the first speakers are announced for next year’s event.
Join our mailing list to be the first to know when this year’s talks go live and to hear the latest news from the conference.