Displaying posts tagged "start-ups" (Clear Search) Saturday, July 18th, 2009
It didn't take too long before my experience working at Zane Benefits caused me to realize that I absolutely can't work at a large company ever again. I love the start-up environment. I love the responsibility and the risk and the sense of urgency. When I'm done here, I'll be deciding between starting something on my own (possibly with other people) or joining a new start-up.
I know a few people that say they plan on being entrepreneurs but they're waiting on a great idea. One thing I now know from working at Zane is that you can't have great ideas unless you're already an entrepreneur. Great ideas always solve problems and you can't solve problems unless you know about the problems and you can't know about problems unless you are already working in a related field. It seems like very few companies are founded on an idea. Facebook started out as a lame online yearbook. Google was a stupid research project. Yahoo was basically just a collection of links. It wasn't until these companies got going that they actually had their great ideas, and those only came because the people working there were so innovative. Great people create great companies. Great ideas are just really cool things to daydream about. Ok, so let's say I consider myself a great person (stop laughing). That means that I'm in a position to start a great company. But if I think it's a waste of time to wait for a perfect idea, where do I start. I realize that however the business starts isn't important, but it still has to start somewhere. This was my conundrum. Well, this recent freelancing gig pretty much solved the problem for me. The work I'm doing is for a company that isn't particularly tech savvy. During virtually every step of the process, I thought to myself, "Man, I'd really do things differently if I were running that company." I don't mean that as a criticism. This company manufactures skis. There's no reason for them to worry about tech stuff. But I wanted to worry about it for them. That's when I realized how I can find a problem that I want to solve. If I wanted to start a company, I'd just get as many freelancing gigs as possible in as many different industries as possible. This would do two really great things. First, it would create a source of income so that I wouldn't feel pressured to rush into a venture prematurely. Second, I'd have exposure to way more potential business ideas than I ever could working at a preexisting company. People only hire freelancers when they have a problem that they can't solve themselves. I think it's safe to say that if you expose yourself to enough of these problems, you'd eventually find one that you could build a business around. You'd also already have a customer for whatever product you wanted to build. So if I were to start a company today, my first move would be to book 80 hours a week of consulting and freelancing gigs. Knowing how I generally work, I bet I'd have an entire business model in a matter of weeks and I wouldn't even realize it until I had already figured the whole thing out.
Posted by Tyler King
Monday, June 8th, 2009
I get the feeling that this blog is going to turn into nothing more than links to the 37Signals blog. They say everything I want to say but they actually know what they're talking about. They posted a couple weeks ago about how underdogs should take more chances. I couldn't agree more. Particularly, I liked this section:
One or two-person businesses that think they need to follow “common sense” advice that’s worked for the big guys are missing the point. When you’re small and risking less, you don’t need a business plan. You don’t need a board of directors. You don’t need to study the techniques of Fortune 500 CEOs. You don’t need to know Six Sigma ideas. The strategy that’s right for heavyweights has nothing to do with how welterweights should fight.
That's a really great way to phrase a good chunk of what I've learned so far at work. Like any company, we've had some missteps. Almost all of the mistakes we made were our misguided attempt to do what was normal. Now we're doing things a different way. More and more we are trying to innovate and take advantage of our agility. So far it's paying off big time.
I look at this as an opportunity rather than a burden. It's not that start-ups have to take more risk, it's that we get to. We get to try things that no one else is willing to do and it ends up being really exciting. The health benefits industry is a great field in which to be the little guy because the big guys seem so completely unwilling to change what they've been doing for the past 50 years.
It seems like a lot of time in business school is spent learning about what people before you did in the hopes that you can copy them when you enter the business world. I'm certainly not going to say that learning from the past isn't worthwhile, but it would be so boring to think that your career success depends on how well you can follow the rules set by your predecessors. Following rules is easy. I want to make up new rules.
I think that I'm finding a pretty nice balance between tradition and innovation. I'm heavily influenced by the way things are done at tech companies (rapid deployment, radical ideas, not too formal) but I also have to cater to people that are used to a very, very old school health benefits model. This gives me the freedom to try new things while keeping me grounded enough that I don't do anything too risky.
Paul (our founder) says when writing his first book, he learned that you want to be cutting edge but not bleeding edge. Bleeding edge, he claims, means you're the first one to do something. Cutting edge means that you're among the first. I try to keep this in mind when deciding if our customers are ready for a new UI decision or technical feature. I feel comfortable challenging our users to expand the way they use technology, but I'm not about to try to implement some crazy new feature just because it's cool tech.
So I have a question for you. What websites do you think do a good job of being cutting edge without jumping all over every bandwagon they can find? Who is truly leading the industry creatively without leaving the users behind? Posted by Tyler King
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