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Yeah -- online community welcome to small business Wednesday let's start with every Ocala foxbusiness.com.
An article up on business website now talking about the type of people you won in the trenches with you when you're starting to get funding and start a business and bring in all the attention at that point -- don't necessarily want the smartest person.
So basically we all have this idea.
The man in a dorm room he comes up with this great idea and then he -- -- to be the CEO of this multi billion dollar cover exactly.
But I spoke with Steve blank -- serial entrepreneur and a professor at Stanford Columbia Berkeley.
And he and that idea is all wrong I just because you half a great idea it doesn't mean that you are CEO material.
We want to be CEO is not the -- necessarily has the best -- ability.
Or the hot -- It's the person who has the ability to get people to join the company not staffers and the ability to attract funding from investors.
He's that person.
The person who stays on.
When the company has the money and it actually is operating income is at a similar still settling staffers and just -- since beginning stages it's a similar skills that said this is what he calls the founding CEO without person you.
-- the company from an idea.
-- it to the point where it gets funding.
And then it continues trying to possibly for a period of years that's the company grows -- scales but at a certain point you might want a different CEO who has those.
Executive skills where they can really figure out how you turn.
A great idea and the makings of a great company.
Into that billion dollar premium Google.
Prototypical example now if you're speaking because Larry Page insert Sergey Brin founded the company they're really young.
And Gary Smith thank came and ran it as an adult and now while things are different exactly and look at Groupon and for example you have this young CE out.
And he just didn't have the skills necessary to really -- -- company.
So the founding CEO is very different than a person with a great idea and it also may be very different -- a person who can really run -- company.
What you have all the fun.
And you your building at gotcha what other types of personalities and key executives who -- -- at that ground level so blanket.
Pointed to bid saying that was made popular by -- -- there is an entrepreneur himself and an investor knew he says that every tech start up needs.
Hustler a hacker.
And a designer about the hackers that CT I -- I figured the person who has those hard skills he can code better than anyone house.
The hustler is that CE.
Blank says that the CEO needs to have reality distortion field around them basically that cult of personality where people want to follow them.
A -- and then the designer -- the person who can really figure out the user interface.
How are people going -- -- your product.
When you're dealing with the web -- -- dealing with mobile.
The interaction aspect is so important and that's with a designer is going to -- -- -- you don't necessarily need three people you have queued up for but the idea that you want complementary skill sets rather then.
Three people that I'll have the exact things get house right.
So you might get along with the person passes seems -- that is human navy wants someone -- -- different views and they have a different talent.
Exact beginning just because it's a good friend -- that person in the room with you when you come up with the idea.
Doesn't mean that they deserve to be a co-founder of the company you should be a little look around -- your co founders and say.
Without you this company could not exist and you -- the best person.
I could find for that job that's about like -- -- fun.
What if there's any way of telling how many smaller businesses or do you big businesses -- business -- -- content saved actually things like that.
Or is it more like what we thought of this together so therefore -- both co founders or known you since grade school and I think he'll help me and asking you something.
Now will -- sense that this is really a big.
Shift in thinking when he missed -- start ups.
Because it used to be that the person with the idea would just sort of look around at their friend happy you really have to think about this strategically you need to think.
This might be a great idea but without the perfect team to run its -- go anywhere and then your great ideas -- capping it off and then the market.
Typically proves that first formula wrong and -- like yeah thank you so much -- -- -- every Carol okay we're gonna go straight out to Atlanta we -- Joseph -- the.
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