I am following the same, model, its complicated. But its been over an year,
and we have made good progress. From spending from our own pockets, we have
now established a business which is self sufficient.
Next my eye is to make it a sustaining life force for me and my mates.
Right now, we do day jobs, support our families with the revenue generated
from the day jobs. Its a tight spot for us, but we are better than we were
Here is what we did and how we did it.
I am the Hiring and Firing authority. If i recommend a resource, i let them
interview and reject the candidate. If they pick one i get to interview and
reject the candidate. In either case, the final decision rests with me.
Reason, is to maintain a level of trust and communication, which is the
foundation stone of a distant relationship. We communicate profusely, on
each and every decision. So whom do i hire and for what reason?
I look for motivated resources, even if they are not so technical or
experienced. Call it a gut feeling or an eye for character/attitude, I have
not yet hired a team member who was looking for a job for the sake of a
job. We sit over each person, we have recommended and interviewed, and then
with consensus I rule out the final word (lets say i have two votes and my
mates get one one vote :))
Each project is the responsibility of the person who has closed the lead,
we assist each other in making the decision, but do not circumvent the
working style of the other. I guess this is our synergy. To do or not to do
a project is a collective decision. Once a yes is given, the idea
initiator, is the boss and every one else is the support. Yes CEOs and
founding partners working as employee of their partner.
The responsibilities are defined, and no interference or micro management
is undertaken from any other person. Yes we the bosses (i dont like this
word, it does not represent our company culture) trust our team mates and
let them work to the best of their abilities. For each project,
responsibilities and expectations are clearly stated, who is to do what,
when and how. If that person needs assistance or has a bottle neck
situation. each aspect is defined and backups are in place.
Size does matter, we keep our size small. So expenses and costs are down to
a bare minimum. Frankly i am spending rent and utility for office space.
This office space we hardly use, other than team huddles when we all
actually sit in to review and discuss future plans.
Smaller teams are easy to manage and communicate, responsibilities are
easier to understand, and there is no one else to go to if i fail, so i put
in my efforts, with out question. Same is for my team, since its clear
there are no excuses/backups and we all share in the benefits.
There is always a plan, and this plan and objective is higher than our (
founding partners) needs. This means we sacrifice before we ask our team to
do so. This is the reason, our business has made through dark times. We
have made profits, yet we did not consume them, we shaved them and paid
more to add the right team members. By the end of this month, we will be
launching our own product. and then spend on marketing it and making it
popular. Its a mobile app for the food lovers. A simple share what you have
idea. It took us one year to save for and spend on our own product and the
moment of truth is here. Our first product is near launch, the second one
is now in the works, a third one is under concept. Its an in house
development, so the expenses were higher than estimated, but we have saved